BBVA Banco Frances (NYSE:BBAR) Upgraded by Wall Street Zen to "Buy" Rating

Key Points

• BBVA Banco Frances has been upgraded from a "hold" to a "buy" rating by analysts at Wall Street Zen, which may positively influence investor sentiment.
• Itau BBA Securities has initiated coverage with a "market perform" rating and set a target price of $18.00 for the stock.
• In its latest earnings report, BBVA Banco Frances posted earnings per share of $0.28, exceeding analysts' expectations, despite a revenue shortfall compared to consensus estimates.

Wall Street Zen upgraded shares of BBVA Banco Frances (NYSE:BBAR - Free Report) from a hold rating to a buy rating in a report published on Saturday.

Separately, Itau BBA Securities started coverage on BBVA Banco Frances in a research report on Tuesday, May 20th. They issued a "market perform" rating and a $18.00 target price for the company.

BBVA Banco Frances Price Performance

NYSE BBAR traded up $0.52 on Friday, reaching $16.25. The company's stock had a trading volume of 230,286 shares, compared to its average volume of 767,562. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.05 and a current ratio of 1.05. BBVA Banco Frances has a twelve month low of $7.76 and a twelve month high of $25.01. The stock has a market cap of $3.32 billion, a PE ratio of 9.50 and a beta of 1.18. The firm's 50 day moving average is $16.79 and its two-hundred day moving average is $18.74.

BBVA Banco Frances (NYSE:BBAR - Get Free Report) last posted its quarterly earnings results on Wednesday, May 21st. The bank reported $0.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.02. BBVA Banco Frances had a net margin of 8.31% and a return on equity of 13.53%. The business had revenue of $667.94 million during the quarter, compared to analyst estimates of $751.69 billion. As a group, sell-side analysts predict that BBVA Banco Frances will post 1.94 EPS for the current year.

Institutional Investors Weigh In On BBVA Banco Frances

Large investors have recently made changes to their positions in the stock. Gemsstock Ltd. bought a new stake in BBVA Banco Frances in the 4th quarter valued at $2,831,000. XTX Topco Ltd boosted its stake in BBVA Banco Frances by 25.7% in the fourth quarter. XTX Topco Ltd now owns 16,521 shares of the bank's stock valued at $315,000 after buying an additional 3,378 shares in the last quarter. NewEdge Advisors LLC boosted its stake in BBVA Banco Frances by 1,332.9% in the fourth quarter. NewEdge Advisors LLC now owns 14,759 shares of the bank's stock valued at $281,000 after buying an additional 13,729 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in shares of BBVA Banco Frances during the fourth quarter valued at about $1,417,000. Finally, Hood River Capital Management LLC boosted its stake in shares of BBVA Banco Frances by 153.1% during the fourth quarter. Hood River Capital Management LLC now owns 27,905 shares of the bank's stock valued at $532,000 after purchasing an additional 16,879 shares in the last quarter.

BBVA Banco Frances Company Profile

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.