BBVA Banco Frances S.A. Declares Dividend of $0.02 (NYSE:BBAR)

Key Points

• BBVA Banco Frances S.A. declared a dividend of $0.0221 per share, payable to shareholders on August 25th, which represents a stunning yield of 167.0%.
• The bank's stock is currently trading at $15.87, having a market capitalization of $3.24 billion and showing a price-to-earnings ratio of 9.28.
• BBVA Banco Frances reported earnings per share of $0.28 for the last quarter, exceeding the consensus estimate of $0.26, although revenue fell short of expectations at $667.94 million.

BBVA Banco Frances S.A. (NYSE:BBAR - Get Free Report) declared a dividend on Saturday, August 16th, investing.com reports. Shareholders of record on Tuesday, August 19th will be given a dividend of 0.0221 per share by the bank on Monday, August 25th. This represents a yield of 167.0%. The ex-dividend date is Monday, August 18th.

BBVA Banco Frances Price Performance

NYSE:BBAR traded down $0.7890 on Thursday, reaching $14.1410. The stock had a trading volume of 797,329 shares, compared to its average volume of 752,416. The company has a market capitalization of $2.89 billion, a P/E ratio of 8.30 and a beta of 1.18. BBVA Banco Frances has a 1-year low of $9.19 and a 1-year high of $25.01. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.19. The stock has a fifty day moving average price of $16.16 and a 200-day moving average price of $18.28.

BBVA Banco Frances (NYSE:BBAR - Get Free Report) last released its quarterly earnings results on Wednesday, August 20th. The bank reported $0.24 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.13). The firm had revenue of $524.41 million during the quarter, compared to analyst estimates of $727.31 billion. BBVA Banco Frances had a net margin of 8.31% and a return on equity of 13.53%. Research analysts forecast that BBVA Banco Frances will post 1.94 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on BBAR shares. Itau BBA Securities started coverage on shares of BBVA Banco Frances in a research report on Tuesday, May 20th. They issued a "market perform" rating and a $18.00 price target on the stock. Wall Street Zen lowered shares of BBVA Banco Frances from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $22.50.

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.