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. bought a new position in 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 Securities & Exchange Commission. The firm bought 20,000 shares of the bank's stock, valued at approximately $362,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in BBVA Banco Frances by 27.1% in the first quarter. GAMMA Investing LLC now owns 5,303 shares of the bank's stock worth $96,000 after acquiring an additional 1,132 shares during the period. Fox Run Management L.L.C. purchased a new position in shares of BBVA Banco Frances in the 1st quarter worth about $211,000. Private Advisor Group LLC purchased a new position in shares of BBVA Banco Frances in the 1st quarter worth about $224,000. NewEdge Advisors LLC increased its holdings in BBVA Banco Frances by 1,332.9% in the 4th quarter. NewEdge Advisors LLC now owns 14,759 shares of the bank's stock worth $281,000 after buying an additional 13,729 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft bought a new stake in BBVA Banco Frances in the 1st quarter worth about $312,000.

BBVA Banco Frances Trading Down 5.6%

BBVA Banco Frances stock traded down $0.7750 during mid-day trading on Monday, hitting $13.0350. The company's stock had a trading volume of 532,602 shares, compared to its average volume of 754,091. The company has a 50 day moving average of $15.98 and a 200-day moving average of $18.13. The stock has a market cap of $2.66 billion, a PE ratio of 9.74 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. BBVA Banco Frances S.A. has a one year low of $9.19 and a one year high of $25.01.

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

BBVA Banco Frances Dividend Announcement

The company 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 of this dividend is Monday, August 18th. This represents a dividend yield of 167.0%. BBVA Banco Frances's dividend payout ratio is presently 19.40%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BBAR. Wall Street Zen downgraded BBVA Banco Frances from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. Itau BBA Securities started coverage on BBVA Banco Frances in a report on Tuesday, May 20th. They issued a "market perform" rating and a $18.00 price target on the stock. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, BBVA Banco Frances has an average rating of "Moderate Buy" and an average target price of $22.50.

BBVA Banco Frances Company 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.