BBVA Banco Frances S.A. (NYSE:BBAR) Given Consensus Recommendation of "Hold" by Analysts

Shares of BBVA Banco Frances S.A. (NYSE:BBAR - Get Free Report) have been assigned a consensus rating of "Hold" from the seven analysts that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $20.6667.

Several brokerages have issued reports on BBAR. HSBC raised shares of BBVA Banco Frances from a "hold" rating to a "buy" rating and reduced their price target for the company from $21.00 to $17.00 in a report on Wednesday, October 1st. Weiss Ratings reaffirmed a "hold (c)" rating on shares of BBVA Banco Frances in a report on Friday. Hsbc Global Res raised shares of BBVA Banco Frances to a "strong-buy" rating in a report on Wednesday, October 1st. Wall Street Zen raised shares of BBVA Banco Frances from a "sell" rating to a "hold" rating in a report on Sunday, September 7th. Finally, Zacks Research downgraded shares of BBVA Banco Frances from a "hold" rating to a "strong sell" rating in a research note on Monday, September 8th.

Institutional Investors Weigh In On BBVA Banco Frances

Several large investors have recently made changes to their positions in BBAR. Benjamin Edwards Inc. grew its holdings in BBVA Banco Frances by 42.7% during the 3rd quarter. Benjamin Edwards Inc. now owns 26,071 shares of the bank's stock valued at $217,000 after purchasing an additional 7,803 shares in the last quarter. SG Americas Securities LLC acquired a new stake in BBVA Banco Frances during the 3rd quarter valued at $273,000. TT International Asset Management LTD acquired a new stake in BBVA Banco Frances during the 3rd quarter valued at $824,000. BNP Paribas Financial Markets grew its holdings in BBVA Banco Frances by 123.3% during the 2nd quarter. BNP Paribas Financial Markets now owns 15,301 shares of the bank's stock valued at $252,000 after purchasing an additional 8,450 shares in the last quarter. Finally, Brevan Howard Capital Management LP boosted its stake in BBVA Banco Frances by 6.0% during the 2nd quarter. Brevan Howard Capital Management LP now owns 514,724 shares of the bank's stock valued at $8,810,000 after acquiring an additional 29,319 shares during the last quarter.

BBVA Banco Frances Price Performance

Shares of NYSE:BBAR opened at $10.14 on Friday. The company's fifty day moving average price is $10.37 and its 200 day moving average price is $15.40. BBVA Banco Frances has a 12 month low of $7.76 and a 12 month high of $25.01. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a market capitalization of $2.07 billion, a P/E ratio of 7.57 and a beta of 1.13.

BBVA Banco Frances (NYSE:BBAR - Get Free Report) last posted its quarterly earnings data on Wednesday, August 20th. The bank reported $0.24 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.13). BBVA Banco Frances had a net margin of 6.65% and a return on equity of 10.24%. The business had revenue of $524.41 million during the quarter, compared to analyst estimates of $727.31 billion. As a group, sell-side analysts predict that BBVA Banco Frances will post 1.94 earnings per share for the current fiscal year.

BBVA Banco Frances Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, October 27th. Investors of record on Monday, October 20th will be given a dividend of $0.0311 per share. The ex-dividend date of this dividend is Monday, October 20th. This represents a c) annualized dividend and a yield of 3.7%. BBVA Banco Frances's dividend payout ratio is 22.39%.

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.

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