BBVA Banco Frances S.A. (NYSE:BBAR) Stock Holdings Boosted by Deltec Asset Management LLC

Deltec Asset Management LLC grew its stake in BBVA Banco Frances S.A. (NYSE:BBAR - Free Report) by 43.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 85,000 shares of the bank's stock after purchasing an additional 25,600 shares during the period. Deltec Asset Management LLC's holdings in BBVA Banco Frances were worth $1,540,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. ABS Direct Equity Fund LLC grew its stake in shares of BBVA Banco Frances by 42.0% during the 1st quarter. ABS Direct Equity Fund LLC now owns 30,417 shares of the bank's stock worth $551,000 after purchasing an additional 9,000 shares during the period. Redhawk Wealth Advisors Inc. boosted its stake in shares of BBVA Banco Frances by 30.7% during the 1st quarter. Redhawk Wealth Advisors Inc. now owns 50,992 shares of the bank's stock worth $924,000 after acquiring an additional 11,984 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of BBVA Banco Frances by 27.1% in the 1st 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. Public Employees Retirement System of Ohio purchased a new stake in BBVA Banco Frances during the fourth quarter worth $1,742,000. Finally, Point72 Asset Management L.P. grew its holdings in BBVA Banco Frances by 42.6% in the fourth quarter. Point72 Asset Management L.P. now owns 61,600 shares of the bank's stock valued at $1,174,000 after purchasing an additional 18,400 shares during the last quarter.

Analyst Ratings Changes

Several equities analysts have weighed in on BBAR shares. Wall Street Zen upgraded shares of BBVA Banco Frances from a "hold" rating to a "buy" rating in a report on Saturday. Itau BBA Securities assumed coverage on shares of BBVA Banco Frances in a research report on Tuesday, May 20th. They issued a "market perform" rating and a $18.00 price target on the stock.

BBVA Banco Frances Trading Up 6.7%

Shares of BBVA Banco Frances stock traded up $1.10 during mid-day trading on Tuesday, hitting $17.40. 1,272,233 shares of the stock were exchanged, compared to its average volume of 751,397. The company has a 50-day simple moving average of $19.76 and a 200 day simple moving average of $19.63. The company has a current ratio of 1.05, a quick ratio of 1.10 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $3.55 billion, a price-to-earnings ratio of 10.18 and a beta of 1.27. BBVA Banco Frances S.A. has a twelve month low of $7.05 and a twelve month high of $25.01.

BBVA Banco Frances (NYSE:BBAR - Get Free Report) last released its earnings results on Wednesday, May 21st. The bank reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.02. The business had revenue of $667.94 million for the quarter, compared to analysts' expectations of $751.69 billion. BBVA Banco Frances had a net margin of 8.31% and a return on equity of 13.53%. Research analysts forecast that BBVA Banco Frances S.A. will post 1.94 EPS for the current year.

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.