BBVA Banco Frances S.A. (NYSE:BBAR) Announces Monthly Dividend of $0.03

Key Points

• BBVA Banco Frances S.A. announced a monthly dividend of $0.03 per share, payable on October 27th to investors of record as of October 20th, with a 3.9% dividend yield.
• The bank's stock opened at $9.44, down 1.4%, with a market cap of $1.93 billion and a P/E ratio of 7.05.
• Recent analyst ratings show mixed opinions, with Zacks lowering the stock to "strong sell" while HSBC upgraded it to "strong buy," reflecting a current consensus rating of "Hold."

BBVA Banco Frances S.A. (NYSE:BBAR - Get Free Report) announced a monthly dividend on Wednesday, October 8th. Investors of record on Monday, October 20th will be paid a dividend of 0.0311 per share by the bank on Monday, October 27th. This represents a c) annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Monday, October 20th.

BBVA Banco Frances Stock Down 1.4%

Shares of NYSE:BBAR opened at $9.44 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.27. The business has a fifty day moving average of $11.04 and a two-hundred day moving average of $15.63. The stock has a market cap of $1.93 billion, a P/E ratio of 7.05 and a beta of 1.13. BBVA Banco Frances has a 52-week low of $7.76 and a 52-week high of $25.01.

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

Analyst Ratings Changes

BBAR has been the topic of several recent analyst reports. Zacks Research lowered BBVA Banco Frances from a "hold" rating to a "strong sell" rating in a research note on Monday, September 8th. Wall Street Zen raised BBVA Banco Frances from a "sell" rating to a "hold" rating in a research note on Sunday, September 7th. Hsbc Global Res raised BBVA Banco Frances to a "strong-buy" rating in a research note on Wednesday, October 1st. HSBC raised BBVA Banco Frances from a "hold" rating to a "buy" rating and decreased their price target for the company from $21.00 to $17.00 in a research note on Wednesday, October 1st. Finally, Citigroup lowered BBVA Banco Frances from a "buy" rating to a "hold" rating in a research note on Thursday, September 11th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, BBVA Banco Frances presently has a consensus rating of "Hold" and a consensus target price of $20.67.

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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