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Banco BBVA Argentina S.A. (NYSE:BBAR) Shares Sold by Systrade AG

Banco BBVA Argentina logo with Finance background

Systrade AG cut its stake in shares of Banco BBVA Argentina S.A. (NYSE:BBAR - Free Report) by 28.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 50,200 shares of the bank's stock after selling 19,800 shares during the quarter. Banco BBVA Argentina makes up approximately 1.3% of Systrade AG's holdings, making the stock its 9th biggest holding. Systrade AG's holdings in Banco BBVA Argentina were worth $910,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Blue Trust Inc. increased its holdings in Banco BBVA Argentina by 38.0% during the fourth quarter. Blue Trust Inc. now owns 2,488 shares of the bank's stock valued at $47,000 after buying an additional 685 shares during the period. NewEdge Advisors LLC increased its holdings in Banco BBVA Argentina by 1,332.9% during the fourth quarter. NewEdge Advisors LLC now owns 14,759 shares of the bank's stock valued at $281,000 after buying an additional 13,729 shares during the period. HUB Investment Partners LLC increased its holdings in Banco BBVA Argentina by 42.6% during the fourth quarter. HUB Investment Partners LLC now owns 15,318 shares of the bank's stock valued at $292,000 after buying an additional 4,574 shares during the period. XTX Topco Ltd increased its holdings in Banco BBVA Argentina by 25.7% during the fourth quarter. XTX Topco Ltd now owns 16,521 shares of the bank's stock valued at $315,000 after buying an additional 3,378 shares during the period. Finally, Amundi purchased a new position in Banco BBVA Argentina during the fourth quarter valued at approximately $396,000.

Banco BBVA Argentina Stock Up 3.4%

NYSE BBAR traded up $0.59 on Friday, hitting $18.00. The stock had a trading volume of 625,597 shares, compared to its average volume of 754,155. The business's fifty day moving average price is $19.61 and its 200 day moving average price is $19.58. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.99 and a quick ratio of 0.99. Banco BBVA Argentina S.A. has a 52-week low of $7.05 and a 52-week high of $25.01. The stock has a market cap of $3.68 billion, a price-to-earnings ratio of 9.38 and a beta of 1.26.

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 (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.02. Banco BBVA Argentina had a net margin of 6.09% and a return on equity of 12.21%. The business had revenue of $667.94 million for the quarter, compared to analyst estimates of $751.69 billion. Equities research analysts anticipate that Banco BBVA Argentina S.A. will post 1.94 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Check Out Our Latest Report on Banco BBVA Argentina

About Banco BBVA Argentina

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Banco BBVA Argentina (NYSE:BBAR)

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