BBVA Banco Frances S.A. $BBAR Shares Sold by Ping Capital Management Inc.

Key Points

• Ping Capital Management cut its stake in BBVA Banco Frances by 25.7% in Q4 to 780,900 shares, making the holding about 4.1% of its portfolio and its 7th largest position, valued at $14,111,000.
• Quarterly results missed expectations—EPS was $0.18 vs. a $0.34 consensus—and shares opened at $13.58 and were trading down about 4.8%; the company has a $2.77 billion market cap and a P/E of 16.36.
• Dividend: the bank paid a monthly dividend on April 27 of $0.0382 per share (reported as an increase), implying a 3.4% yield with a payout ratio of 54.22%.

Ping Capital Management Inc. lessened its stake in shares of BBVA Banco Frances S.A. (NYSE:BBAR - Free Report) by 25.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 780,900 shares of the bank's stock after selling 269,600 shares during the quarter. BBVA Banco Frances accounts for about 4.1% of Ping Capital Management Inc.'s investment portfolio, making the stock its 7th largest position. Ping Capital Management Inc. owned 0.38% of BBVA Banco Frances worth $14,111,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of BBAR. Clear Creek Financial Management LLC raised its stake in BBVA Banco Frances by 2.3% during the fourth quarter. Clear Creek Financial Management LLC now owns 40,418 shares of the bank's stock worth $730,000 after acquiring an additional 899 shares in the last quarter. Benjamin Edwards Inc. boosted its stake in shares of BBVA Banco Frances by 42.7% in the 3rd quarter. Benjamin Edwards Inc. now owns 26,071 shares of the bank's stock valued at $217,000 after purchasing an additional 7,803 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of BBVA Banco Frances by 123.3% in the 2nd quarter. BNP Paribas Financial Markets now owns 15,301 shares of the bank's stock valued at $252,000 after purchasing an additional 8,450 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of BBVA Banco Frances by 66.2% in the 1st quarter. NewEdge Advisors LLC now owns 24,523 shares of the bank's stock worth $444,000 after purchasing an additional 9,764 shares during the last quarter. Finally, Bank of America Corp DE increased its position in shares of BBVA Banco Frances by 19.3% during the 3rd quarter. Bank of America Corp DE now owns 71,784 shares of the bank's stock worth $597,000 after purchasing an additional 11,628 shares in the last quarter.

BBVA Banco Frances Trading Down 4.8%

Shares of BBAR stock opened at $13.58 on Friday. BBVA Banco Frances S.A. has a 12-month low of $7.76 and a 12-month high of $23.10. The company has a market capitalization of $2.77 billion, a P/E ratio of 16.36 and a beta of 1.07. The firm has a 50-day moving average price of $15.08 and a 200 day moving average price of $15.94. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.17.

BBVA Banco Frances (NYSE:BBAR - Get Free Report) last issued its quarterly earnings data on Wednesday, March 4th. The bank reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.16). The firm had revenue of $337.36 million for the quarter, compared to the consensus estimate of $874.92 billion. BBVA Banco Frances had a return on equity of 6.55% and a net margin of 3.70%. Research analysts forecast that BBVA Banco Frances S.A. will post 1.59 earnings per share for the current fiscal year.

BBVA Banco Frances Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, April 27th. Investors of record on Monday, April 20th were given a dividend of $0.0382 per share. This is a boost from BBVA Banco Frances's previous monthly dividend of $0.04. The ex-dividend date was Monday, April 20th. This represents a c) dividend on an annualized basis and a yield of 3.4%. BBVA Banco Frances's dividend payout ratio is currently 54.22%.

About BBVA Banco Frances

BBVA Banco Francés is one of Argentina's leading financial institutions, operating as a subsidiary of the global banking group BBVA. The bank provides a full range of retail and commercial banking services to individuals, small and medium‐sized enterprises, large corporations and institutional clients. Its product suite spans deposit accounts, mortgages, personal and auto loans, credit and debit cards, transactional banking and digital solutions designed to meet the evolving needs of customers in both urban and regional markets.

Founded in Buenos Aires in the late 19th century, Banco Francés has developed a longstanding presence in Argentina's financial sector.

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