BBVA Banco Frances S.A. (NYSE:BBAR) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• BBVA Banco Frances received a “Moderate Buy” consensus rating from seven analysts, with one buy, two strong-buy and four hold recommendations. The average 12-month price target is $18.50.
• BBAR opened at $14.57, compared with a one-year range of $7.76 to $22.47, and has a market capitalization of approximately $2.97 billion.
• For its latest quarter, the bank reported $0.42 in EPS and $716.56 million in revenue, with a 4.16% net margin and 7.56% return on equity.

BBVA Banco Frances S.A. (NYSE:BBAR - Get Free Report) has received a consensus rating of "Moderate Buy" from the seven analysts that are covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $18.50.

Several research analysts have weighed in on BBAR shares. Weiss Ratings raised shares of BBVA Banco Frances from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, August 31st. Wall Street Zen upgraded BBVA Banco Frances from a "hold" rating to a "buy" rating in a report on Sunday, September 6th. UBS Group upped their target price on BBVA Banco Frances from $18.00 to $20.00 and gave the company a "neutral" rating in a research report on Friday, July 10th. Finally, Citigroup cut BBVA Banco Frances from a "strong-buy" rating to a "hold" rating in a report on Wednesday, September 2nd.

BBVA Banco Frances Price Performance

NYSE:BBAR opened at $14.57 on Wednesday. BBVA Banco Frances has a one year low of $7.76 and a one year high of $22.47. The company has a market cap of $2.97 billion, a P/E ratio of 14.28 and a beta of 0.93. The firm's fifty day moving average price is $16.99 and its two-hundred day moving average price is $16.62. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.06 and a quick ratio of 1.10.

BBVA Banco Frances (NYSE:BBAR - Get Free Report) last posted its earnings results on Friday, August 14th. The bank reported $0.42 earnings per share (EPS) for the quarter. The company had revenue of $716.56 million during the quarter. BBVA Banco Frances had a net margin of 4.16% and a return on equity of 7.56%.

Institutional Investors Weigh In On BBVA Banco Frances

A number of hedge funds and other institutional investors have recently modified their holdings of BBAR. XP Advisory US Inc. acquired a new position in shares of BBVA Banco Frances in the second quarter valued at about $63,000. Carter Financial Group INC. acquired a new position in shares of BBVA Banco Frances during the 1st quarter worth approximately $150,000. OceanIQ Capital LLC bought a new position in shares of BBVA Banco Frances during the second quarter worth approximately $249,000. Banco BTG Pactual S.A. acquired a new stake in shares of BBVA Banco Frances in the fourth quarter valued at approximately $266,000. Finally, NewEdge Advisors LLC bought a new stake in shares of BBVA Banco Frances in the second quarter valued at approximately $311,000.

About BBVA Banco Frances

BBVA Banco Francés, now operating as BBVA Argentina SA under the BBVA brand, is a banking institution serving individuals, businesses and corporate customers in Argentina. It is part of the Spanish BBVA Group, a global financial services organization.

The bank provides a range of retail and commercial banking products, including deposit accounts, personal and business loans, credit and debit cards, payment services, insurance and investment-related services. It also offers digital banking channels and financial solutions for companies and institutional clients.

The institution traces its history to Banco Francés del Río de la Plata, founded in Argentina in 1886.

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