Cubist Systematic Strategies LLC Purchases 143,557 Shares of 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).

A number of other large investors have also added to or reduced their stakes in the company. PointState Capital LP increased its stake in BBVA Banco Frances by 47.7% in the 4th quarter. PointState Capital LP now owns 2,458,304 shares of the bank's stock worth $46,855,000 after acquiring an additional 793,411 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in BBVA Banco Frances by 93.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,733,785 shares of the bank's stock worth $33,046,000 after acquiring an additional 836,688 shares during the last quarter. Millennium Management LLC increased its stake in BBVA Banco Frances by 695.8% in the 4th quarter. Millennium Management LLC now owns 523,438 shares of the bank's stock worth $9,977,000 after acquiring an additional 457,663 shares during the last quarter. Gemsstock Ltd. increased its stake in BBVA Banco Frances by 62.5% in the 1st quarter. Gemsstock Ltd. now owns 241,274 shares of the bank's stock worth $4,372,000 after acquiring an additional 92,758 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in BBVA Banco Frances by 2,203.8% in the 1st quarter. GAMMA Investing LLC now owns 96,090 shares of the bank's stock worth $1,741,000 after acquiring an additional 91,919 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Wall Street Zen downgraded BBVA Banco Frances from a "hold" rating to a "sell" rating in a research report on Saturday, August 30th. Itau BBA Securities assumed coverage on BBVA Banco Frances in a research report on Tuesday, May 20th. They set a "market perform" rating and a $18.00 target price on the stock. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $22.50.

BBVA Banco Frances Stock Performance

NYSE BBAR opened at $12.18 on Thursday. The company has a market cap of $2.49 billion, a P/E ratio of 9.09 and a beta of 1.30. 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's 50 day moving average price is $15.26 and its 200-day moving average price is $17.74. BBVA Banco Frances S.A. has a fifty-two week low of $10.06 and a fifty-two week high of $25.01.

BBVA Banco Frances (NYSE:BBAR - Get Free Report) last released its earnings results on Wednesday, August 20th. The bank reported $0.24 earnings per share 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%. Sell-side analysts predict that BBVA Banco Frances S.A. will post 1.94 earnings per share for the current year.

BBVA Banco Frances Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, August 25th. Shareholders of record on Monday, August 18th were given a $0.0221 dividend. This represents a c) annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Monday, August 18th. BBVA Banco Frances's dividend payout ratio is 20.15%.

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.

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