Candriam S.C.A. Acquires New Holdings in BBVA Banco Frances S.A. $BBAR

Key Points

• Candriam S.C.A. has acquired a new stake in BBVA Banco Frances S.A. by purchasing 67,000 shares valued at approximately $1.2 million.
• Analysts have a consensus target price of $22.50 for BBVA Banco Frances, with recent ratings fluctuating from "buy" to "hold."
• The bank recently declared a dividend of $0.0221 per share, representing a notable dividend yield of 167.0%.

Candriam S.C.A. acquired a new stake in BBVA Banco Frances S.A. (NYSE:BBAR - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 67,000 shares of the bank's stock, valued at approximately $1,214,000.

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

Analysts Set New Price Targets

BBAR has been the topic of a number of recent research reports. Itau BBA Securities initiated coverage on shares of BBVA Banco Frances in a research note on Tuesday, May 20th. They set a "market perform" rating and a $18.00 price target on the stock. Wall Street Zen lowered shares of BBVA Banco Frances from a "buy" rating to a "hold" rating in a research note on Sunday, August 10th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $22.50.

BBVA Banco Frances Stock Performance

Shares of BBVA Banco Frances stock opened at $13.8150 on Friday. BBVA Banco Frances S.A. has a one year low of $9.19 and a one year high of $25.01. The company 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 has a 50-day simple moving average of $15.98 and a 200-day simple moving average of $18.16.

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 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 for the quarter, compared to analyst estimates of $727.31 billion. On average, equities research analysts forecast that BBVA Banco Frances S.A. will post 1.94 EPS for the current fiscal year.

BBVA Banco Frances Announces Dividend

The business also recently disclosed 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 payout ratio is currently 20.15%.

About BBVA Banco Frances

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.

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