BBVA Banco Frances (NYSE:BBAR) Stock Price Down 6.1% - What's Next?

Key Points

• BBVA Banco Frances's share price has dropped 6.1%, trading at $9.54, significantly lower than its previous close of $10.16.
• Research reports show mixed opinions on the stock, with Citigroup downgrading it to "hold" and Zacks Research rating it as a "strong sell," while the average target price remains at $22.50.
• The company recently announced a monthly dividend of $0.0335, yielding 4.3%, with a payout ratio of 29.85% and payments scheduled for September 26th to investors of record on September 19th.

BBVA Banco Frances S.A. (NYSE:BBAR - Get Free Report)'s share price traded down 6.1% during trading on Thursday . The stock traded as low as $9.58 and last traded at $9.54. 292,638 shares were traded during mid-day trading, a decline of 65% from the average session volume of 827,695 shares. The stock had previously closed at $10.16.

Wall Street Analysts Forecast Growth

BBAR has been the topic of several research reports. Citigroup downgraded shares of BBVA Banco Frances from a "buy" rating to a "hold" rating in a report on Thursday, September 11th. Wall Street Zen upgraded BBVA Banco Frances from a "sell" rating to a "hold" rating in a report on Sunday, September 7th. Finally, Zacks Research lowered shares of BBVA Banco Frances from a "hold" rating to a "strong sell" rating in a report on Monday, September 8th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $22.50.

BBVA Banco Frances Trading Down 8.0%

The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.05 and a current ratio of 1.11. The firm has a fifty day moving average of $13.39 and a 200 day moving average of $16.76. The firm has a market capitalization of $1.91 billion, a PE ratio of 6.99 and a beta of 1.30.

BBVA Banco Frances (NYSE:BBAR - Get Free Report) last issued its earnings results on Wednesday, August 20th. The bank reported $0.24 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.13). BBVA Banco Frances had a return on equity of 10.24% and a net margin of 6.65%.The firm had revenue of $524.41 million during the quarter, compared to analyst estimates of $727.31 billion. Equities research analysts expect that BBVA Banco Frances S.A. will post 1.94 EPS for the current year.

BBVA Banco Frances Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 19th will be paid a $0.0335 dividend. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Friday, September 19th. BBVA Banco Frances's dividend payout ratio is currently 29.85%.

Institutional Trading of BBVA Banco Frances

Several institutional investors have recently modified their holdings of BBAR. Public Employees Retirement System of Ohio bought a new position in BBVA Banco Frances in the 4th quarter valued at $1,742,000. GAMMA Investing LLC grew its stake in shares of BBVA Banco Frances by 2,203.8% during the first quarter. GAMMA Investing LLC now owns 96,090 shares of the bank's stock worth $1,741,000 after purchasing an additional 91,919 shares during the period. Redhawk Wealth Advisors Inc. grew its stake in BBVA Banco Frances by 30.7% in the first quarter. Redhawk Wealth Advisors Inc. now owns 50,992 shares of the bank's stock valued at $924,000 after acquiring an additional 11,984 shares during the period. ABS Direct Equity Fund LLC grew its stake in BBVA Banco Frances by 42.0% in the first quarter. ABS Direct Equity Fund LLC now owns 30,417 shares of the bank's stock valued at $551,000 after acquiring an additional 9,000 shares during the period. Finally, Deltec Asset Management LLC boosted its position in shares of BBVA Banco Frances by 43.1% during the first quarter. Deltec Asset Management LLC now owns 85,000 shares of the bank's stock worth $1,540,000 after buying an additional 25,600 shares during the period.

About BBVA Banco Frances

Banco BBVA Argentina SA provides various banking products and services to individuals and companies in Argentina. The company provides retail banking products and services, such as checking and savings accounts, time deposits, credit cards financing, consumer and pledge loans, mortgages, insurance, and investment products to individuals; and small and medium-sized companies products and services, including financing products, factoring, checking accounts, time deposits, transactional and payroll services, insurance, and investment products to private-sector companies.

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