Deltec Asset Management LLC Has $1.54 Million Stake in BBVA Banco Frances S.A. (NYSE:BBAR)

Deltec Asset Management LLC boosted its stake in shares of BBVA Banco Frances S.A. (NYSE:BBAR - Free Report) by 43.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 85,000 shares of the bank's stock after purchasing an additional 25,600 shares during the quarter. Deltec Asset Management LLC's holdings in BBVA Banco Frances were worth $1,540,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. lifted its holdings in shares of BBVA Banco Frances by 38.0% during the 4th quarter. Blue Trust Inc. now owns 2,488 shares of the bank's stock worth $47,000 after acquiring an additional 685 shares during the period. GAMMA Investing LLC raised 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 buying an additional 1,132 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of BBVA Banco Frances by 1,332.9% during the 4th quarter. NewEdge Advisors LLC now owns 14,759 shares of the bank's stock worth $281,000 after buying an additional 13,729 shares during the period. HUB Investment Partners LLC boosted its stake in BBVA Banco Frances by 42.6% in the 4th quarter. HUB Investment Partners LLC now owns 15,318 shares of the bank's stock valued at $292,000 after buying an additional 4,574 shares in the last quarter. Finally, XTX Topco Ltd grew its position in BBVA Banco Frances by 25.7% in the fourth quarter. XTX Topco Ltd now owns 16,521 shares of the bank's stock valued at $315,000 after acquiring an additional 3,378 shares during the period.

BBVA Banco Frances Price Performance

Shares of NYSE BBAR traded down $0.36 during trading on Friday, reaching $16.66. The company had a trading volume of 636,323 shares, compared to its average volume of 749,742. BBVA Banco Frances S.A. has a 52 week low of $7.05 and a 52 week high of $25.01. The business's 50 day moving average price is $19.84 and its 200-day moving average price is $19.64. The stock has a market cap of $3.40 billion, a PE ratio of 9.74 and a beta of 1.27. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.10 and a current ratio of 1.05.

BBVA Banco Frances (NYSE:BBAR - Get Free Report) last announced its quarterly earnings data on Wednesday, May 21st. The bank reported $0.28 EPS for the quarter, beating analysts' consensus estimates of $0.26 by $0.02. BBVA Banco Frances had a return on equity of 13.53% and a net margin of 8.31%. The firm had revenue of $667.94 million for the quarter, compared to analyst estimates of $751.69 billion. Analysts expect that BBVA Banco Frances S.A. will post 1.94 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.