North of South Capital LLP Takes Position in BBVA Banco Frances S.A. (NYSE:BBAR)

North of South Capital LLP bought a new position in shares of BBVA Banco Frances S.A. (NYSE:BBAR - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 30,000 shares of the bank's stock, valued at approximately $544,000. BBVA Banco Frances comprises approximately 0.1% of North of South Capital LLP's investment portfolio, making the stock its 19th largest position.

Other large investors have also recently modified their holdings of the company. William Blair Investment Management LLC acquired a new stake in shares of BBVA Banco Frances in the 4th quarter valued at approximately $19,446,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in BBVA Banco Frances by 93.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,733,785 shares of the bank's stock valued at $33,046,000 after buying an additional 836,688 shares in the last quarter. PointState Capital LP grew its stake in shares of BBVA Banco Frances by 47.7% during the fourth quarter. PointState Capital LP now owns 2,458,304 shares of the bank's stock worth $46,855,000 after buying an additional 793,411 shares during the last quarter. Brevan Howard Capital Management LP acquired a new position in shares of BBVA Banco Frances during the fourth quarter worth $11,050,000. Finally, Millennium Management LLC lifted its stake in shares of BBVA Banco Frances by 695.8% in 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 last quarter.

BBVA Banco Frances Trading Up 0.3%

NYSE:BBAR traded up $0.05 during trading hours on Thursday, hitting $16.36. 180,292 shares of the company were exchanged, compared to its average volume of 753,133. The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of 9.56 and a beta of 1.19. BBVA Banco Frances S.A. has a one year low of $7.05 and a one year high of $25.01. The company has a fifty day simple moving average of $19.16 and a 200 day simple moving average of $19.56. The company has a current ratio of 1.05, a quick ratio of 1.10 and a debt-to-equity ratio of 0.19.

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

Analysts Set New Price Targets

Several research firms have recently weighed in on BBAR. Wall Street Zen upgraded BBVA Banco Frances from a "hold" rating to a "buy" rating in a report on Saturday, June 21st. Itau BBA Securities started coverage on shares of BBVA Banco Frances in a report on Tuesday, May 20th. They set a "market perform" rating and a $18.00 target price 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.