67,000 Shares in BBVA Banco Frances S.A. $BBAR Bought by Candriam S.C.A.

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. purchased a new position in shares of BBVA Banco Frances S.A. (NYSE:BBAR - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 67,000 shares of the bank's stock, valued at approximately $1,214,000.

Several other large investors have also modified their holdings of BBAR. GAMMA Investing LLC raised its stake in BBVA Banco Frances by 27.1% during 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. acquired a new stake in BBVA Banco Frances during the first quarter worth about $211,000. Private Advisor Group LLC acquired a new stake in BBVA Banco Frances during the first quarter worth about $224,000. NewEdge Advisors LLC raised 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 acquiring an additional 13,729 shares during the period. Finally, Baader Bank Aktiengesellschaft acquired 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 several analyst reports. 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. Itau BBA Securities began coverage on BBVA Banco Frances in a report on Tuesday, May 20th. They set a "market perform" rating and a $18.00 price target on the stock. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, BBVA Banco Frances presently has an average rating of "Moderate Buy" and a consensus target price of $22.50.

BBVA Banco Frances Price Performance

NYSE:BBAR traded down $0.07 during midday trading on Friday, hitting $12.52. 136,021 shares of the stock were exchanged, compared to its average volume of 761,289. BBVA Banco Frances S.A. has a one year low of $9.34 and a one year high of $25.01. The company has a market capitalization of $2.56 billion, a price-to-earnings ratio of 9.34 and a beta of 1.18. The business has a 50-day moving average price of $15.62 and a two-hundred day moving average price of $17.94. 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 (NYSE:BBAR - Get Free Report) last posted its quarterly 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). BBVA Banco Frances had a return on equity of 10.24% and a net margin of 6.65%.The business had revenue of $524.41 million during the quarter, compared to analyst estimates of $727.31 billion. Sell-side analysts predict that BBVA Banco Frances S.A. will post 1.94 EPS for the current year.

BBVA Banco Frances Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Monday, August 25th. Shareholders of record on Monday, August 18th were paid a dividend of $0.0221 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a c) dividend on an annualized basis and a dividend yield of 2.1%. BBVA Banco Frances's dividend payout ratio (DPR) is 20.15%.

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.