Public Employees Retirement System of Ohio Invests $1.74 Million in Banco BBVA Argentina S.A. (NYSE:BBAR)

Public Employees Retirement System of Ohio bought a new position in shares of Banco BBVA Argentina S.A. (NYSE:BBAR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 91,391 shares of the bank's stock, valued at approximately $1,742,000.

A number of other large investors have also modified their holdings of BBAR. Blue Trust Inc. increased its stake in Banco BBVA Argentina by 91.2% in the 4th quarter. Blue Trust Inc. now owns 3,448 shares of the bank's stock valued at $66,000 after purchasing an additional 1,645 shares in the last quarter. Clear Creek Financial Management LLC purchased a new position in Banco BBVA Argentina in the 4th quarter valued at approximately $236,000. Deltec Asset Management LLC increased its stake in Banco BBVA Argentina by 84.3% in the 4th quarter. Deltec Asset Management LLC now owns 59,400 shares of the bank's stock valued at $1,132,000 after purchasing an additional 27,167 shares in the last quarter. Activest Wealth Management increased its stake in Banco BBVA Argentina by 378.3% in the 4th quarter. Activest Wealth Management now owns 71,740 shares of the bank's stock valued at $1,367,000 after purchasing an additional 56,740 shares in the last quarter. Finally, Channing Global Advisors LLC increased its stake in Banco BBVA Argentina by 139.3% in the 4th quarter. Channing Global Advisors LLC now owns 57,043 shares of the bank's stock valued at $1,087,000 after purchasing an additional 33,207 shares in the last quarter.

Banco BBVA Argentina Price Performance

NYSE BBAR traded up $0.59 during mid-day trading on Friday, hitting $18.00. The stock had a trading volume of 625,597 shares, compared to its average volume of 755,020. Banco BBVA Argentina S.A. has a 52-week low of $7.05 and a 52-week high of $25.01. The company has a market cap of $3.68 billion, a price-to-earnings ratio of 9.38 and a beta of 1.35. The company has a 50 day simple moving average of $19.61 and a 200 day simple moving average of $19.54. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.09.

Banco BBVA Argentina (NYSE:BBAR - Get Free Report) last released its quarterly earnings results on Wednesday, May 21st. The bank reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.02. The company had revenue of $667.94 million during the quarter, compared to the consensus estimate of $751.69 billion. Banco BBVA Argentina had a return on equity of 12.21% and a net margin of 6.09%. Equities analysts forecast that Banco BBVA Argentina S.A. will post 1.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Banco BBVA Argentina 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.