Baader Bank Aktiengesellschaft Acquires Shares of 17,268 BBVA Banco Frances S.A. (NYSE:BBAR)

Baader Bank Aktiengesellschaft acquired a new position in BBVA Banco Frances S.A. (NYSE:BBAR - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 17,268 shares of the bank's stock, valued at approximately $312,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of BBVA Banco Frances by 93.3% during 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 acquiring an additional 836,688 shares during the period. PointState Capital LP lifted its stake in shares of BBVA Banco Frances by 47.7% during the fourth quarter. PointState Capital LP now owns 2,458,304 shares of the bank's stock valued at $46,855,000 after acquiring an additional 793,411 shares during the period. Brevan Howard Capital Management LP acquired a new position in shares of BBVA Banco Frances during the fourth quarter valued at $11,050,000. Millennium Management LLC lifted its stake in shares of BBVA Banco Frances by 695.8% during the fourth quarter. Millennium Management LLC now owns 523,438 shares of the bank's stock valued at $9,977,000 after acquiring an additional 457,663 shares during the period. Finally, Gemsstock Ltd. acquired a new position in shares of BBVA Banco Frances during the fourth quarter valued at $2,831,000.

BBVA Banco Frances Price Performance

Shares of BBAR traded up $0.42 during midday trading on Monday, hitting $15.65. The company's stock had a trading volume of 173,495 shares, compared to its average volume of 769,306. BBVA Banco Frances S.A. has a one year low of $7.05 and a one year high of $25.01. The company's fifty day simple moving average is $16.90 and its two-hundred day simple moving average is $18.79. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $3.20 billion, a price-to-earnings ratio of 9.15 and a beta of 1.18.

BBVA Banco Frances (NYSE:BBAR - Get Free Report) last released its quarterly earnings data on Wednesday, May 21st. The bank reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.02. BBVA Banco Frances had a return on equity of 13.53% and a net margin of 8.31%. The company had revenue of $667.94 million for the quarter, compared to the consensus estimate of $751.69 billion. As a group, equities analysts expect that BBVA Banco Frances S.A. will post 1.94 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on BBAR shares. Wall Street Zen upgraded BBVA Banco Frances from a "hold" rating to a "buy" rating in a report on Saturday. Itau BBA Securities assumed coverage on BBVA Banco Frances in a research report on Tuesday, May 20th. They set a "market perform" rating and a $18.00 price target for the company.

BBVA Banco Frances 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.