MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Raises Position in BBVA Banco Frances S.A. $BBAR

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in BBVA Banco Frances by 6.2%, owning approximately 1,841,384 shares valued at $33,366,000 as of the latest SEC filing.
• BBVA Banco Frances's stock price has fluctuated significantly, with a one-year low of $10.06 and a high of $25.01, and currently has a market cap of $2.52 billion.
• The bank reported $0.24 earnings per share for the last quarter, missing analysts' estimates of $0.37, and has a consensus rating of "Moderate Buy" with an average price target of $22.50.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in BBVA Banco Frances S.A. (NYSE:BBAR - Free Report) by 6.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,841,384 shares of the bank's stock after buying an additional 107,599 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.90% of BBVA Banco Frances worth $33,366,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in BBVA Banco Frances by 2,203.8% during the first quarter. GAMMA Investing LLC now owns 96,090 shares of the bank's stock valued at $1,741,000 after purchasing an additional 91,919 shares during the period. Banco BTG Pactual S.A. purchased a new stake in BBVA Banco Frances during the first quarter valued at approximately $362,000. North of South Capital LLP purchased a new stake in BBVA Banco Frances during the first quarter valued at approximately $544,000. Walleye Capital LLC purchased a new stake in BBVA Banco Frances during the first quarter valued at approximately $637,000. Finally, Baader Bank Aktiengesellschaft purchased a new stake in BBVA Banco Frances during the first quarter valued at approximately $312,000.

BBVA Banco Frances Stock Down 6.1%

NYSE BBAR traded down $0.58 during midday trading on Friday, hitting $9.01. 316,127 shares of the company traded hands, compared to its average volume of 796,160. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.11 and a quick ratio of 1.05. The company has a market cap of $1.84 billion, a PE ratio of 6.72 and a beta of 1.30. The company's 50-day simple moving average is $14.53 and its 200-day simple moving average is $17.35. BBVA Banco Frances S.A. has a 52 week low of $9.03 and a 52 week high of $25.01.

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 (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.13). The company had revenue of $524.41 million for 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%. As a group, equities research analysts forecast that BBVA Banco Frances S.A. will post 1.94 earnings per share for the current year.

BBVA Banco Frances Announces Dividend

The business also recently announced a monthly dividend, which was paid on Monday, August 25th. Shareholders of record on Monday, August 18th were given a dividend of $0.0221 per share. This represents a c) annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Monday, August 18th. BBVA Banco Frances's dividend payout ratio (DPR) is 20.15%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BBAR. Itau BBA Securities began coverage on BBVA Banco Frances in a research report on Tuesday, May 20th. They set a "market perform" rating and a $18.00 price objective on the stock. Zacks Research cut BBVA Banco Frances from a "hold" rating to a "strong sell" rating in a research note on Monday. Wall Street Zen raised BBVA Banco Frances from a "sell" rating to a "hold" rating in a research note on Sunday, September 7th. Finally, Citigroup reissued a "neutral" rating on shares of BBVA Banco Frances in a research note on Thursday. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price 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.