GAMMA Investing LLC Buys 91,919 Shares of BBVA Banco Frances S.A. (NYSE:BBAR)

GAMMA Investing LLC lifted its stake in BBVA Banco Frances S.A. (NYSE:BBAR - Free Report) by 2,203.8% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 96,090 shares of the bank's stock after purchasing an additional 91,919 shares during the quarter. GAMMA Investing LLC's holdings in BBVA Banco Frances were worth $1,741,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of BBAR. PointState Capital LP boosted its holdings in BBVA Banco Frances by 47.7% during the 4th quarter. PointState Capital LP now owns 2,458,304 shares of the bank's stock valued at $46,855,000 after acquiring an additional 793,411 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in BBVA Banco Frances by 93.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,733,785 shares of the bank's stock valued at $33,046,000 after acquiring an additional 836,688 shares during the period. William Blair Investment Management LLC purchased a new position in BBVA Banco Frances during the 4th quarter valued at $19,446,000. Brevan Howard Capital Management LP purchased a new position in BBVA Banco Frances during the 4th quarter valued at $11,050,000. Finally, Millennium Management LLC boosted its holdings in BBVA Banco Frances by 695.8% during the 4th quarter. Millennium Management LLC now owns 523,438 shares of the bank's stock valued at $9,977,000 after acquiring an additional 457,663 shares during the period.

BBVA Banco Frances Stock Down 1.0%

NYSE BBAR traded down $0.18 on Wednesday, reaching $16.98. 418,867 shares of the stock traded hands, compared to its average volume of 751,953. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.10 and a current ratio of 1.05. The company has a fifty day moving average price of $19.85 and a 200-day moving average price of $19.60. The company has a market cap of $3.47 billion, a price-to-earnings ratio of 9.93 and a beta of 1.26. BBVA Banco Frances S.A. has a 12 month low of $7.05 and a 12 month high of $25.01.

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

Analysts Set New Price Targets

Separately, Itau BBA Securities initiated coverage on BBVA Banco Frances in a report on Tuesday, May 20th. They set a "market perform" rating and a $18.00 price objective for the company.

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.