BBVA Banco Frances Sees Unusually High Options Volume (NYSE:BBAR)

BBVA Banco Frances S.A. (NYSE:BBAR - Get Free Report) saw some unusual options trading activity on Tuesday. Stock traders purchased 2,999 put options on the company. This represents an increase of approximately 299% compared to the typical daily volume of 751 put options.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on BBAR shares. Itau BBA Securities initiated coverage on shares of BBVA Banco Frances in a research note on Tuesday, May 20th. They set a "market perform" rating and a $18.00 target price on the stock. Wall Street Zen upgraded shares of BBVA Banco Frances from a "hold" rating to a "buy" rating in a report on Saturday, June 21st.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC lifted its position in BBVA Banco Frances by 2,203.8% in the 1st quarter. GAMMA Investing LLC now owns 96,090 shares of the bank's stock valued at $1,741,000 after acquiring an additional 91,919 shares in the last quarter. Amundi purchased a new stake in shares of BBVA Banco Frances in the fourth quarter worth approximately $396,000. Deltec Asset Management LLC raised its stake in shares of BBVA Banco Frances by 43.1% in the first quarter. Deltec Asset Management LLC now owns 85,000 shares of the bank's stock worth $1,540,000 after purchasing an additional 25,600 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of BBVA Banco Frances by 93.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,733,785 shares of the bank's stock valued at $33,046,000 after purchasing an additional 836,688 shares in the last quarter. Finally, Point72 Asset Management L.P. boosted its position in shares of BBVA Banco Frances by 42.6% during the fourth quarter. Point72 Asset Management L.P. now owns 61,600 shares of the bank's stock valued at $1,174,000 after buying an additional 18,400 shares during the last quarter.

BBVA Banco Frances Stock Up 0.3%

BBVA Banco Frances stock traded up $0.05 during mid-day trading on Wednesday, reaching $16.26. The stock had a trading volume of 317,573 shares, compared to its average volume of 753,812. The firm has a market capitalization of $3.32 billion, a PE ratio of 9.51 and a beta of 1.19. BBVA Banco Frances has a fifty-two week low of $7.05 and a fifty-two week high of $25.01. The stock's 50-day simple moving average is $19.25 and its 200-day simple moving average is $19.58. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.10 and a current ratio of 1.05.

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, beating the consensus estimate 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 the consensus estimate of $751.69 billion. On average, sell-side analysts forecast that BBVA Banco Frances will post 1.94 EPS for the current fiscal year.

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.