NWI Management LP Invests $1.14 Million in BBVA Banco Frances S.A. $BBAR

Key Points

• NWI Management LP acquired 63,000 shares of BBVA Banco Frances S.A., totaling approximately $1.14 million, indicating increased institutional interest in the bank.
• BBVA Banco Frances reported $0.24 EPS for the last quarter, missing analysts' expectations of $0.37, with revenues significantly below projections at $524.41 million.
• The company recently announced a monthly dividend of $0.0221 per share, reflecting a 2.1% yield and a payout ratio of 20.15%.

NWI Management LP purchased a new position in BBVA Banco Frances S.A. (NYSE:BBAR - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 63,000 shares of the bank's stock, valued at approximately $1,142,000.

A number of other hedge funds have also recently made changes to their positions in BBAR. GAMMA Investing LLC increased its position in BBVA Banco Frances by 27.1% during the 1st quarter. GAMMA Investing LLC now owns 5,303 shares of the bank's stock valued at $96,000 after purchasing an additional 1,132 shares during the period. ABS Direct Equity Fund LLC grew its position in 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 valued at $551,000 after purchasing an additional 9,000 shares during the last quarter. NewEdge Advisors LLC grew its position in BBVA Banco Frances by 66.2% during the 1st quarter. NewEdge Advisors LLC now owns 24,523 shares of the bank's stock valued at $444,000 after purchasing an additional 9,764 shares during the last quarter. Clear Creek Financial Management LLC lifted its stake in 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 valued at $425,000 after acquiring an additional 11,060 shares during the period. Finally, Fox Run Management L.L.C. bought a new position in BBVA Banco Frances during the 1st quarter valued at about $211,000.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on BBAR shares. Zacks Research cut shares of BBVA Banco Frances from a "hold" rating to a "strong sell" rating in a research note on Monday. Wall Street Zen raised shares of BBVA Banco Frances from a "sell" rating to a "hold" rating in a report on Sunday. Finally, Itau BBA Securities began coverage on shares of BBVA Banco Frances in a report on Tuesday, May 20th. They issued a "market perform" rating and a $18.00 target price for the company. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $22.50.

BBVA Banco Frances Stock Up 6.7%

Shares of BBAR stock traded up $0.62 on Wednesday, hitting $9.87. The stock had a trading volume of 645,392 shares, compared to its average volume of 794,930. The company has a quick ratio of 1.05, a current ratio of 1.11 and a debt-to-equity ratio of 0.27. The company has a market cap of $2.02 billion, a PE ratio of 7.37 and a beta of 1.30. The business has a 50 day moving average price of $14.79 and a 200 day moving average price of $17.47. BBVA Banco Frances S.A. has a one year low of $9.19 and a one year high of $25.01.

BBVA Banco Frances (NYSE:BBAR - Get Free Report) last announced its earnings results on Wednesday, August 20th. The bank reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.13). The company had revenue of $524.41 million for the quarter, compared to the consensus estimate of $727.31 billion. BBVA Banco Frances had a net margin of 6.65% and a return on equity of 10.24%. Research analysts anticipate that BBVA Banco Frances S.A. will post 1.94 earnings per share for the current fiscal year.

BBVA Banco Frances Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Monday, August 25th. Shareholders of record on Monday, August 18th were paid a $0.0221 dividend. This represents a c) annualized dividend and a yield of 2.7%. The ex-dividend date was Monday, August 18th. BBVA Banco Frances's payout ratio is 20.15%.

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.