Cubist Systematic Strategies LLC Has $5.31 Million Stake in BBVA Banco Frances S.A. $BBAR

Key Points

• Cubist Systematic Strategies LLC increased its stake in BBVA Banco Frances S.A. by 96.1%, acquiring an additional 143,557 shares, bringing its total to 292,907 shares valued at approximately $5.3 million.
• Analysts have mixed views on BBVA Banco Frances, with one firm downgrading the stock from a "hold" to a "sell" rating, while others maintain a "moderate buy" rating with an average price target of $22.50.
• BBVA Banco Frances reported earnings of $0.24 per share for the last quarter, missing expectations, and announced a monthly dividend of $0.0221 per share with a yield of 2.2%.

Cubist Systematic Strategies LLC grew its position in BBVA Banco Frances S.A. (NYSE:BBAR - Free Report) by 96.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 292,907 shares of the bank's stock after acquiring an additional 143,557 shares during the quarter. Cubist Systematic Strategies LLC owned 0.14% of BBVA Banco Frances worth $5,307,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC grew its holdings 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. purchased a new stake in BBVA Banco Frances in the 1st quarter valued at approximately $211,000. Private Advisor Group LLC purchased a new position in BBVA Banco Frances in the first quarter valued at about $224,000. Baader Bank Aktiengesellschaft bought a new stake in BBVA Banco Frances in the first quarter valued at about $312,000. Finally, Vident Advisory LLC acquired a new position in shares of BBVA Banco Frances during the first quarter worth approximately $322,000.

BBVA Banco Frances Stock Performance

BBAR stock traded up $0.04 during trading on Tuesday, reaching $9.36. The company had a trading volume of 764,301 shares, compared to its average volume of 790,063. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.05 and a current ratio of 1.11. BBVA Banco Frances S.A. has a twelve month low of $9.21 and a twelve month high of $25.01. The firm has a 50-day simple moving average of $14.93 and a 200-day simple moving average of $17.53. The company has a market cap of $1.91 billion, a price-to-earnings ratio of 6.99 and a beta of 1.30.

BBVA Banco Frances (NYSE:BBAR - Get Free Report) last announced its quarterly earnings data 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 net margin of 6.65% and a return on equity of 10.24%. The company had revenue of $524.41 million during the quarter, compared to analysts' expectations of $727.31 billion. As a group, sell-side analysts expect that BBVA Banco Frances S.A. will post 1.94 earnings per share for the current year.

BBVA Banco Frances Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, August 25th. Investors of record on Monday, August 18th were given a dividend of $0.0221 per share. This represents a c) annualized dividend 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%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on BBAR shares. Wall Street Zen raised BBVA Banco Frances from a "sell" rating to a "hold" rating in a research report on Sunday. Itau BBA Securities initiated 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 target on the stock. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $22.50.

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.