Ping Capital Management Inc. Has $12.69 Million Stock Holdings in BBVA Banco Frances S.A. (NYSE:BBAR)

Ping Capital Management Inc. trimmed its position in BBVA Banco Frances S.A. (NYSE:BBAR - Free Report) by 37.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 700,300 shares of the bank's stock after selling 421,100 shares during the quarter. BBVA Banco Frances accounts for 4.7% of Ping Capital Management Inc.'s holdings, making the stock its 5th largest holding. Ping Capital Management Inc. owned about 0.34% of BBVA Banco Frances worth $12,689,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. 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 buying an additional 1,132 shares in the last quarter. NewEdge Advisors LLC grew its stake in BBVA Banco Frances by 1,332.9% during the 4th quarter. NewEdge Advisors LLC now owns 14,759 shares of the bank's stock valued at $281,000 after purchasing an additional 13,729 shares during the last quarter. HUB Investment Partners LLC grew its stake in BBVA Banco Frances by 42.6% during the 4th quarter. HUB Investment Partners LLC now owns 15,318 shares of the bank's stock valued at $292,000 after purchasing an additional 4,574 shares during the last quarter. XTX Topco Ltd grew its stake in BBVA Banco Frances by 25.7% during the 4th quarter. XTX Topco Ltd now owns 16,521 shares of the bank's stock valued at $315,000 after purchasing an additional 3,378 shares during the last quarter. Finally, Amundi purchased a new stake in BBVA Banco Frances during the 4th quarter valued at about $396,000.

BBVA Banco Frances Stock Performance

Shares of BBAR traded down $0.11 during midday trading on Friday, reaching $15.07. 616,503 shares of the stock were exchanged, compared to its average volume of 765,545. The business's 50-day moving average price is $18.12 and its 200 day moving average price is $19.30. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.05 and a quick ratio of 1.05. BBVA Banco Frances S.A. has a twelve month low of $7.05 and a twelve month high of $25.01. The company has a market capitalization of $3.08 billion, a price-to-earnings ratio of 8.81 and a beta of 1.19.

BBVA Banco Frances (NYSE:BBAR - Get Free Report) last released its earnings results on Wednesday, May 21st. The bank reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.02. The company had revenue of $667.94 million for 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%. On average, sell-side analysts expect that BBVA Banco Frances S.A. will post 1.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BBAR has been the topic of a number of recent research reports. Wall Street Zen downgraded BBVA Banco Frances from a "buy" rating to a "hold" rating in a research note on Friday. Itau BBA Securities assumed coverage on BBVA Banco Frances in a research report on Tuesday, May 20th. They set a "market perform" rating and a $18.00 price target on the stock.

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.