Banco BTG Pactual S.A. Invests $362,000 in BBVA Banco Frances S.A. $BBAR

Key Points

• Banco BTG Pactual S.A. has acquired a new stake in BBVA Banco Frances S.A., purchasing 20,000 shares for approximately $362,000 in the first quarter.
• BBVA Banco Frances has announced a dividend of $0.0221 per share, setting a yield of 167.0%, with the payment scheduled for August 25th.
• Despite reporting better-than-expected earnings per share of $0.28, BBVA Banco Frances stock has recently declined, currently trading at $14.92 with a price-to-earnings ratio of 8.73.

Banco BTG Pactual S.A. purchased a new position in shares of BBVA Banco Frances S.A. (NYSE:BBAR - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 20,000 shares of the bank's stock, valued at approximately $362,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Hsbc Holdings PLC grew its position in BBVA Banco Frances by 16.5% in the 1st quarter. Hsbc Holdings PLC now owns 86,549 shares of the bank's stock worth $1,596,000 after purchasing an additional 12,262 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of BBVA Banco Frances during the 1st quarter valued at about $211,000. Gemsstock Ltd. boosted its position in shares of BBVA Banco Frances by 62.5% during the 1st quarter. Gemsstock Ltd. now owns 241,274 shares of the bank's stock valued at $4,372,000 after acquiring an additional 92,758 shares in the last quarter. Baader Bank Aktiengesellschaft acquired a new stake in shares of BBVA Banco Frances during the 1st quarter valued at about $312,000. Finally, XTX Topco Ltd boosted its position in shares of BBVA Banco Frances by 97.3% during the 1st quarter. XTX Topco Ltd now owns 32,603 shares of the bank's stock valued at $591,000 after acquiring an additional 16,082 shares in the last quarter.

BBVA Banco Frances Price Performance

Shares of NYSE BBAR traded down $0.3250 during trading on Friday, reaching $13.8150. The company had a trading volume of 743,065 shares, compared to its average volume of 581,974. BBVA Banco Frances S.A. has a 52 week low of $9.19 and a 52 week high of $25.01. The stock has a market cap of $2.82 billion, a PE ratio of 10.31 and a beta of 1.18. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.05 and a current ratio of 1.11. The business's 50 day moving average price is $15.98 and its 200-day moving average price is $18.18.

BBVA Banco Frances (NYSE:BBAR - Get Free Report) last announced its earnings results on Wednesday, August 20th. The bank reported $0.24 earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by ($0.13). BBVA Banco Frances had a return on equity of 10.24% and a net margin of 6.65%.The company had revenue of $524.41 million during the quarter, compared to the consensus estimate of $727.31 billion. Analysts expect that BBVA Banco Frances S.A. will post 1.94 earnings per share for the current year.

BBVA Banco Frances Dividend Announcement

The firm also recently declared a dividend, which will be paid on Monday, August 25th. Stockholders of record on Tuesday, August 19th will be given a dividend of $0.0221 per share. The ex-dividend date is Monday, August 18th. This represents a dividend yield of 167.0%. BBVA Banco Frances's payout ratio is currently 20.15%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Itau BBA Securities assumed coverage on shares of BBVA Banco Frances in a report on Tuesday, May 20th. They set a "market perform" rating and a $18.00 price target for the company. Wall Street Zen downgraded shares of BBVA Banco Frances from a "buy" rating to a "hold" rating in a report on Sunday, August 10th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, BBVA Banco Frances presently has an average rating of "Moderate Buy" and a consensus price target of $22.50.

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.