Banco BBVA Argentina S.A. (NYSE:BBAR) Stake Reduced by Systrade AG

Systrade AG cut its position in shares of Banco BBVA Argentina S.A. (NYSE:BBAR - Free Report) by 28.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 50,200 shares of the bank's stock after selling 19,800 shares during the quarter. Banco BBVA Argentina makes up 1.3% of Systrade AG's investment portfolio, making the stock its 9th largest position. Systrade AG's holdings in Banco BBVA Argentina were worth $910,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. GAMMA Investing LLC lifted its position in Banco BBVA Argentina by 2,203.8% during the first quarter. GAMMA Investing LLC now owns 96,090 shares of the bank's stock worth $1,741,000 after buying an additional 91,919 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of Banco BBVA Argentina during the 4th quarter valued at about $1,742,000. Point72 Asset Management L.P. lifted its holdings in shares of Banco BBVA Argentina by 42.6% during the 4th quarter. Point72 Asset Management L.P. now owns 61,600 shares of the bank's stock worth $1,174,000 after acquiring an additional 18,400 shares during the period. PointState Capital LP boosted its position in shares of Banco BBVA Argentina by 47.7% in the fourth quarter. PointState Capital LP now owns 2,458,304 shares of the bank's stock worth $46,855,000 after acquiring an additional 793,411 shares during the last quarter. Finally, Millennium Management LLC grew its holdings in Banco BBVA Argentina by 695.8% in the fourth quarter. Millennium Management LLC now owns 523,438 shares of the bank's stock valued at $9,977,000 after purchasing an additional 457,663 shares during the period.

Banco BBVA Argentina Trading Up 3.4%

NYSE:BBAR traded up $0.59 on Friday, hitting $18.00. 625,597 shares of the stock were exchanged, compared to its average volume of 756,202. The stock has a fifty day moving average of $19.61 and a 200-day moving average of $19.53. The stock has a market cap of $3.68 billion, a PE ratio of 9.38 and a beta of 1.35. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.09. Banco BBVA Argentina S.A. has a fifty-two week low of $7.05 and a fifty-two week high of $25.01.

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

Analyst Ratings Changes

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

Banco BBVA Argentina 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.