359,286 Shares in BBVA Banco Frances S.A. $BBAR Bought by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management acquired 359,286 BBVA Banco Frances shares in the third quarter, worth approximately $4.6 million and representing a 0.18% stake.
• Analyst sentiment has weakened, with Citigroup, UBS, Weiss Ratings and Wall Street Zen issuing downgrades or reducing their price target; the stock has a consensus “Moderate Buy” rating and a $15 target.
• BBAR opened at $13.17, well below its 52-week high of $22.47. The bank recently reported $0.42 in quarterly EPS on $835.6 million in revenue, while analysts expect $1.71 in EPS for the full fiscal year.

Robeco Institutional Asset Management B.V. acquired a new position in shares of BBVA Banco Frances S.A. (NYSE:BBAR - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 359,286 shares of the bank's stock, valued at approximately $4,617,000. Robeco Institutional Asset Management B.V. owned 0.18% of BBVA Banco Frances at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of BBAR. NewEdge Advisors LLC acquired a new stake in BBVA Banco Frances in the second quarter valued at $311,000. OceanIQ Capital LLC purchased a new stake in shares of BBVA Banco Frances during the 2nd quarter worth $249,000. Carter Financial Group INC. acquired a new position in shares of BBVA Banco Frances during the 1st quarter worth $150,000. Finally, XP Advisory US Inc. acquired a new position in shares of BBVA Banco Frances during the 2nd quarter worth $63,000.

Analyst Ratings Changes

Several analysts recently commented on BBAR shares. Citigroup cut shares of BBVA Banco Frances from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 2nd. Weiss Ratings downgraded shares of BBVA Banco Frances from a "hold (c)" rating to a "hold (c-)" rating in a report on Friday. UBS Group lowered their target price on shares of BBVA Banco Frances from $20.00 to $15.00 and set a "neutral" rating on the stock in a research report on Tuesday, October 13th. Finally, Wall Street Zen lowered shares of BBVA Banco Frances from a "buy" rating to a "hold" rating in a research report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $15.00.

BBVA Banco Frances Stock Performance

NYSE BBAR opened at $13.17 on Friday. BBVA Banco Frances S.A. has a 1-year low of $10.00 and a 1-year high of $22.47. The company has a market capitalization of $2.69 billion, a P/E ratio of 12.91 and a beta of 0.90. The business has a 50 day moving average price of $13.87 and a 200 day moving average price of $16.35. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.06 and a quick ratio of 1.06.

BBVA Banco Frances (NYSE:BBAR - Get Free Report) last issued its quarterly earnings data on Friday, August 14th. The bank reported $0.42 earnings per share (EPS) for the quarter. The firm had revenue of $835.60 million during the quarter. BBVA Banco Frances had a return on equity of 7.56% and a net margin of 4.16%. Sell-side analysts expect that BBVA Banco Frances S.A. will post 1.71 EPS for the current fiscal year.

BBVA Banco Frances Profile

BBVA Banco Francés, now known as Banco BBVA Argentina SA, is an Argentine financial institution that operates as part of the global BBVA Group. The bank traces its origins to Banco Francés del Río de la Plata, founded in 1886, and adopted the BBVA Argentina name as part of the broader BBVA brand integration.

The company provides banking and financial services to individuals, small and medium-sized businesses, corporations and public-sector customers in Argentina. Its offerings include checking and savings accounts, consumer and commercial loans, credit and debit cards, payment services, foreign-exchange services, investment products and digital banking tools.

BBVA Argentina serves customers through a combination of branches, automated banking facilities and online and mobile channels.

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