Samlyn Capital LLC Has $33.57 Million Position in BBVA Banco Frances S.A. $BBAR

Key Points

• Samlyn Capital LLC has significantly increased its holdings in BBVA Banco Frances S.A. by 30.8%, now owning approximately 1,852,539 shares valued at around $33.57 million.
• BBVA Banco Frances reported a Q2 EPS of $0.24, missing the consensus estimate of $0.37, alongside a revenue of $524.41 million against expectations of $727.31 million.
• The company declared a monthly dividend of $0.0221 per share, translating to an annualized yield of 2.2%, with a dividend payout ratio of 20.15%.

Samlyn Capital LLC lifted its position in shares of BBVA Banco Frances S.A. (NYSE:BBAR - Free Report) by 30.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,852,539 shares of the bank's stock after acquiring an additional 435,692 shares during the period. Samlyn Capital LLC owned approximately 0.91% of BBVA Banco Frances worth $33,568,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. PointState Capital LP lifted its stake in BBVA Banco Frances by 36.1% during the first quarter. PointState Capital LP now owns 3,346,539 shares of the bank's stock worth $60,639,000 after purchasing an additional 888,235 shares during the last quarter. NWI Management LP acquired a new stake in BBVA Banco Frances in the first quarter valued at about $1,142,000. NewEdge Advisors LLC grew its position in BBVA Banco Frances by 66.2% in the first quarter. NewEdge Advisors LLC now owns 24,523 shares of the bank's stock valued at $444,000 after acquiring an additional 9,764 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in BBVA Banco Frances by 6.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,841,384 shares of the bank's stock worth $33,366,000 after acquiring an additional 107,599 shares in the last quarter. Finally, Cubist Systematic Strategies LLC boosted its stake in shares of BBVA Banco Frances by 96.1% in the 1st quarter. Cubist Systematic Strategies LLC now owns 292,907 shares of the bank's stock valued at $5,307,000 after purchasing an additional 143,557 shares in the last quarter.

Analysts Set New Price Targets

BBAR has been the subject of several research reports. Itau BBA Securities started coverage on shares of BBVA Banco Frances in a research note on Tuesday, May 20th. They issued a "market perform" rating and a $18.00 price objective for the company. Wall Street Zen raised BBVA Banco Frances from a "sell" rating to a "hold" rating in a report on Sunday. Zacks Research cut BBVA Banco Frances from a "hold" rating to a "strong sell" rating in a report on Monday. Finally, Citigroup reissued a "neutral" rating on shares of BBVA Banco Frances in a research note on Thursday. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $22.50.

BBVA Banco Frances Trading Down 2.6%

NYSE:BBAR traded down $0.25 on Thursday, reaching $9.55. 1,031,082 shares of the stock traded hands, compared to its average volume of 799,063. The company has a current ratio of 1.11, a quick ratio of 1.05 and a debt-to-equity ratio of 0.27. BBVA Banco Frances S.A. has a 1-year low of $9.19 and a 1-year high of $25.01. The company's 50 day moving average is $14.66 and its 200-day moving average is $17.42. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 7.13 and a beta of 1.30.

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

BBVA Banco Frances Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, August 25th. Stockholders of record on Monday, August 18th were paid a $0.0221 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Monday, August 18th. BBVA Banco Frances's payout ratio is currently 20.15%.

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.