BBVA Banco Frances S.A. (NYSE:BBAR - Get Free Report) shot up 5.9% during trading on Tuesday . The stock traded as high as $10.06 and last traded at $9.96. 509,068 shares traded hands during trading, a decline of 43% from the average session volume of 891,582 shares. The stock had previously closed at $9.41.
Analyst Ratings Changes
BBAR has been the subject of several recent research reports. Zacks Research downgraded BBVA Banco Frances from a "hold" rating to a "strong sell" rating in a research note on Monday, September 8th. HSBC upgraded BBVA Banco Frances from a "hold" rating to a "buy" rating and cut their target price for the company from $21.00 to $17.00 in a research report on Wednesday, October 1st. Citigroup downgraded BBVA Banco Frances from a "buy" rating to a "hold" rating in a research note on Thursday, September 11th. Hsbc Global Res raised BBVA Banco Frances to a "strong-buy" rating in a research note on Wednesday, October 1st. Finally, Wall Street Zen raised BBVA Banco Frances from a "sell" rating to a "hold" rating in a research note on Sunday, September 7th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, BBVA Banco Frances has a consensus rating of "Hold" and a consensus target price of $20.67.
View Our Latest Analysis on BBVA Banco Frances
BBVA Banco Frances Stock Up 1.9%
The firm has a market cap of $1.96 billion, a PE ratio of 7.16 and a beta of 1.13. The stock has a 50-day simple moving average of $10.89 and a two-hundred day simple moving average of $15.55. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.27.
BBVA Banco Frances (NYSE:BBAR - Get Free Report) last released its quarterly earnings data on Wednesday, August 20th. The bank reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.13). The business had revenue of $524.41 million during the quarter, compared to analysts' expectations of $727.31 billion. BBVA Banco Frances had a return on equity of 10.24% and a net margin of 6.65%. Analysts expect that BBVA Banco Frances S.A. will post 1.94 earnings per share for the current year.
BBVA Banco Frances Cuts Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Monday, October 27th. Investors of record on Monday, October 20th will be given a $0.0311 dividend. The ex-dividend date of this dividend is Monday, October 20th. This represents a c) annualized dividend and a yield of 3.9%. BBVA Banco Frances's dividend payout ratio is 29.85%.
Institutional Investors Weigh In On BBVA Banco Frances
Hedge funds have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. increased its stake in shares of BBVA Banco Frances by 199.9% in the 2nd quarter. SBI Securities Co. Ltd. now owns 2,381 shares of the bank's stock worth $39,000 after purchasing an additional 1,587 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of BBVA Banco Frances by 27.1% in the 1st quarter. GAMMA Investing LLC now owns 5,303 shares of the bank's stock valued at $96,000 after acquiring an additional 1,132 shares during the last quarter. Fox Run Management L.L.C. purchased a new stake in BBVA Banco Frances in the 1st quarter worth about $211,000. Private Advisor Group LLC purchased a new stake in BBVA Banco Frances in the 1st quarter worth about $224,000. Finally, BNP Paribas Financial Markets increased its position in shares of BBVA Banco Frances by 123.3% during the second quarter. BNP Paribas Financial Markets now owns 15,301 shares of the bank's stock worth $252,000 after acquiring an additional 8,450 shares during the period.
BBVA Banco Frances Company Profile
(
Get Free Report)
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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