BBVA Banco Frances (NYSE:BBAR) Releases Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Key Points

• BBVA Banco Frances missed quarterly expectations: Earnings per share came in at $0.42 versus the $0.43 consensus estimate, while revenue of $690.78 million fell short of analysts’ $738.77 million forecast.
• Shares declined 2.1% to $14.61 following the results. The bank reported a 3.44% net margin and 6.27% return on equity.
• The company declared a monthly dividend of $0.0131 per share, representing a 1.1% annualized yield, while analysts maintain a “Moderate Buy” consensus with an average price target of $18.50.

BBVA Banco Frances (NYSE:BBAR - Get Free Report) released its quarterly earnings results on Thursday. The bank reported $0.42 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.01), FiscalAI reports. The company had revenue of $690.78 million during the quarter, compared to analyst estimates of $738.77 million. BBVA Banco Frances had a net margin of 3.44% and a return on equity of 6.27%.

BBVA Banco Frances Stock Down 2.1%

Shares of BBAR stock traded down $0.31 during trading on Thursday, hitting $14.61. 661,552 shares of the company were exchanged, compared to its average volume of 693,125. The business's 50-day simple moving average is $18.44 and its 200 day simple moving average is $16.82. BBVA Banco Frances has a twelve month low of $7.76 and a twelve month high of $22.47. The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of 17.81 and a beta of 1.02. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.10 and a current ratio of 1.10.

BBVA Banco Frances Announces Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, June 12th were issued a dividend of $0.0131 per share. This represents a c) annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, June 12th. BBVA Banco Frances's dividend payout ratio (DPR) is currently 102.44%.

Institutional Investors Weigh In On BBVA Banco Frances

A number of institutional investors have recently modified their holdings of BBAR. PointState Capital LP grew its holdings in shares of BBVA Banco Frances by 60.5% during the 4th quarter. PointState Capital LP now owns 2,668,038 shares of the bank's stock valued at $48,211,000 after acquiring an additional 1,005,978 shares in the last quarter. Millennium Management LLC grew its stake in BBVA Banco Frances by 3,633.8% in the fourth quarter. Millennium Management LLC now owns 613,832 shares of the bank's stock valued at $11,092,000 after purchasing an additional 597,392 shares in the last quarter. Schonfeld Strategic Advisors LLC purchased a new position in BBVA Banco Frances in the fourth quarter valued at about $224,000. GAM Holding AG increased its position in BBVA Banco Frances by 70.5% in the 4th quarter. GAM Holding AG now owns 49,361 shares of the bank's stock worth $892,000 after purchasing an additional 20,402 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of BBVA Banco Frances by 26.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 39,830 shares of the bank's stock worth $720,000 after purchasing an additional 8,280 shares in the last quarter.

Analysts Set New Price Targets

Several research analysts have recently weighed in on BBAR shares. Weiss Ratings reissued a "hold (c-)" rating on shares of BBVA Banco Frances in a research report on Tuesday, July 14th. Wall Street Zen upgraded shares of BBVA Banco Frances from a "hold" rating to a "buy" rating in a research report on Saturday, August 1st. Finally, UBS Group boosted their target price on shares of BBVA Banco Frances from $18.00 to $20.00 and gave the company a "neutral" rating in a research note on Friday, July 10th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $18.50.

About BBVA Banco Frances

BBVA Banco Francés is one of Argentina's leading financial institutions, operating as a subsidiary of the global banking group BBVA. The bank provides a full range of retail and commercial banking services to individuals, small and medium‐sized enterprises, large corporations and institutional clients. Its product suite spans deposit accounts, mortgages, personal and auto loans, credit and debit cards, transactional banking and digital solutions designed to meet the evolving needs of customers in both urban and regional markets.

Founded in Buenos Aires in the late 19th century, Banco Francés has developed a longstanding presence in Argentina's financial sector.

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