NWI Management LP Purchases New Position 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) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 63,000 shares of the bank's stock, valued at approximately $1,142,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BBAR. GAMMA Investing LLC raised its holdings in BBVA Banco Frances by 27.1% during 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 during the period. ABS Direct Equity Fund LLC raised its holdings 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 worth $551,000 after buying an additional 9,000 shares during the period. NewEdge Advisors LLC raised its holdings in BBVA Banco Frances by 66.2% during the 1st quarter. NewEdge Advisors LLC now owns 24,523 shares of the bank's stock worth $444,000 after buying an additional 9,764 shares during the period. Clear Creek Financial Management LLC raised its holdings 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 worth $425,000 after buying an additional 11,060 shares during the period. Finally, Fox Run Management L.L.C. acquired a new stake in BBVA Banco Frances during the 1st quarter worth about $211,000.

Wall Street Analysts Forecast Growth

BBAR has been the topic of several recent analyst reports. 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 on the stock. Wall Street Zen upgraded BBVA Banco Frances from a "sell" rating to a "hold" rating in a report on Sunday. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, BBVA Banco Frances has a consensus rating of "Moderate Buy" and a consensus price target of $22.50.

BBVA Banco Frances Stock Down 1.3%

Shares of BBAR traded down $0.16 during trading hours on Friday, reaching $12.32. The company's stock had a trading volume of 1,261,178 shares, compared to its average volume of 740,694. The firm has a market cap of $2.52 billion, a price-to-earnings ratio of 9.19 and a beta of 1.30. BBVA Banco Frances S.A. has a 1-year low of $10.06 and a 1-year high of $25.01. 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 50 day moving average of $15.07 and a two-hundred day moving average of $17.60.

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

BBVA Banco Frances Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, August 25th. Stockholders of record on Monday, August 18th were issued a $0.0221 dividend. The ex-dividend date was Monday, August 18th. This represents a c) dividend on an annualized basis and a dividend yield of 2.2%. BBVA Banco Frances's dividend payout ratio is currently 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.