Gemsstock Ltd. Boosts Position in BBVA Banco Frances S.A. (NYSE:BBAR)

Key Points

• Gemsstock Ltd. increased its ownership of BBVA Banco Frances S.A. by 62.5% in Q1, owning a total of 241,274 shares valued at approximately $4.37 million.
• Several other large investors also significantly boosted their stakes in BBVA Banco Frances during the 4th quarter, including PointState Capital which increased its position by 47.7%.
• BBVA Banco Frances has a market capitalization of $3.42 billion and recently reported an EPS of $0.28, surpassing analysts' expectations.

Gemsstock Ltd. increased its position in shares of BBVA Banco Frances S.A. (NYSE:BBAR - Free Report) by 62.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 241,274 shares of the bank's stock after buying an additional 92,758 shares during the period. BBVA Banco Frances comprises approximately 1.6% of Gemsstock Ltd.'s holdings, making the stock its 18th largest holding. Gemsstock Ltd. owned about 0.12% of BBVA Banco Frances worth $4,372,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in BBAR. Baader Bank Aktiengesellschaft bought a new position in BBVA Banco Frances in the first quarter worth approximately $312,000. XTX Topco Ltd lifted its stake in shares of BBVA Banco Frances by 97.3% during the 1st quarter. XTX Topco Ltd now owns 32,603 shares of the bank's stock worth $591,000 after purchasing an additional 16,082 shares during the last quarter. Private Advisor Group LLC purchased a new stake in shares of BBVA Banco Frances during the 1st quarter worth $224,000. North of South Capital LLP purchased a new stake in shares of BBVA Banco Frances during the 1st quarter worth $544,000. Finally, Clear Creek Financial Management LLC lifted its stake in shares of BBVA Banco Frances by 89.2% during the 1st quarter. Clear Creek Financial Management LLC now owns 23,465 shares of the bank's stock worth $425,000 after purchasing an additional 11,060 shares during the last quarter.

BBVA Banco Frances Stock Down 3.3%

Shares of BBAR traded down $0.55 during mid-day trading on Thursday, hitting $15.92. 622,414 shares of the company traded hands, compared to its average volume of 758,349. The business has a 50 day moving average of $16.39 and a 200 day moving average of $18.50. The company has a market capitalization of $3.25 billion, a PE ratio of 9.31 and a beta of 1.18. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.19. BBVA Banco Frances S.A. has a 1-year low of $9.19 and a 1-year high of $25.01.

BBVA Banco Frances (NYSE:BBAR - Get Free Report) last posted its quarterly earnings results on Wednesday, May 21st. The bank reported $0.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.02. The business had revenue of $667.94 million during 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%. Equities research analysts anticipate that BBVA Banco Frances S.A. will post 1.94 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on BBAR shares. Itau BBA Securities started coverage on BBVA Banco Frances in a research note on Tuesday, May 20th. They set a "market perform" rating and a $18.00 price objective for the company. Wall Street Zen cut BBVA Banco Frances from a "buy" rating to a "hold" rating in a research note on Sunday.

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.