Point72 Asset Management L.P. Acquires 18,400 Shares of Banco BBVA Argentina S.A. (NYSE:BBAR)

Point72 Asset Management L.P. boosted its position in Banco BBVA Argentina S.A. (NYSE:BBAR - Free Report) by 42.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,600 shares of the bank's stock after buying an additional 18,400 shares during the quarter. Point72 Asset Management L.P.'s holdings in Banco BBVA Argentina were worth $1,174,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Crocodile Capital Partners GmbH bought a new position in shares of Banco BBVA Argentina during the fourth quarter valued at approximately $762,000. Blue Trust Inc. raised its holdings in shares of Banco BBVA Argentina by 91.2% during the fourth quarter. Blue Trust Inc. now owns 3,448 shares of the bank's stock valued at $66,000 after acquiring an additional 1,645 shares in the last quarter. ABS Direct Equity Fund LLC bought a new position in shares of Banco BBVA Argentina during the fourth quarter valued at approximately $408,000. Clear Creek Financial Management LLC bought a new position in shares of Banco BBVA Argentina during the fourth quarter valued at approximately $236,000. Finally, Deltec Asset Management LLC raised its holdings in shares of Banco BBVA Argentina by 84.3% during the fourth quarter. Deltec Asset Management LLC now owns 59,400 shares of the bank's stock valued at $1,132,000 after acquiring an additional 27,167 shares in the last quarter.

Wall Street Analyst Weigh In

Separately, Itau BBA Securities initiated coverage on Banco BBVA Argentina in a report on Tuesday, May 20th. They issued a "market perform" rating and a $18.00 price objective for the company.

Banco BBVA Argentina Stock Down 0.8%

BBAR traded down $0.18 during trading on Tuesday, reaching $21.48. The stock had a trading volume of 182,904 shares, compared to its average volume of 751,991. The stock's 50 day moving average is $19.57 and its two-hundred day moving average is $19.41. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $4.39 billion, a price-to-earnings ratio of 11.26 and a beta of 1.35. Banco BBVA Argentina S.A. has a one year low of $7.05 and a one year high of $25.01.

Banco BBVA Argentina (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. Banco BBVA Argentina had a return on equity of 12.21% and a net margin of 6.09%. The firm had revenue of $667.94 million during the quarter, compared to the consensus estimate of $751.69 billion. As a group, analysts expect that Banco BBVA Argentina S.A. will post 1.94 earnings per share for the current year.

About Banco BBVA Argentina

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.