TT International Asset Management LTD Buys 82,496 Shares of BBVA Banco Frances S.A. $BBAR

Key Points

• TT International Asset Management LTD boosted its stake in BBVA Banco Frances by 83.3% in Q4, buying 82,496 shares to hold 181,564 shares (about $3.22M), representing roughly 0.09% of the company and 0.7% of the fund's portfolio.
• BBVA Banco Frances missed quarterly earnings, reporting $0.18 EPS versus $0.34 expected and posting weak revenue, with a net margin of 3.7% and return on equity of 6.55%.
• The bank's monthly dividend was slightly reduced from $0.04 to $0.037 (yield ~2.7%), and analysts maintain a consensus "Moderate Buy" with a $17.67 price target while the stock trades near $16.37 (market cap ~$3.34B).

TT International Asset Management LTD lifted its stake in shares of BBVA Banco Frances S.A. (NYSE:BBAR - Free Report) by 83.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 181,564 shares of the bank's stock after purchasing an additional 82,496 shares during the quarter. BBVA Banco Frances accounts for about 0.7% of TT International Asset Management LTD's portfolio, making the stock its 22nd largest position. TT International Asset Management LTD owned about 0.09% of BBVA Banco Frances worth $3,217,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Y Intercept Hong Kong Ltd acquired a new position in shares of BBVA Banco Frances during the third quarter worth $108,000. Virtu Financial LLC acquired a new position in shares of BBVA Banco Frances during the third quarter worth $109,000. Insigneo Advisory Services LLC acquired a new position in shares of BBVA Banco Frances during the third quarter worth $136,000. Benjamin Edwards Inc. increased its holdings in shares of BBVA Banco Frances by 42.7% during the third quarter. Benjamin Edwards Inc. now owns 26,071 shares of the bank's stock worth $217,000 after buying an additional 7,803 shares in the last quarter. Finally, Aquatic Capital Management LLC acquired a new position in shares of BBVA Banco Frances during the third quarter worth $241,000.

BBVA Banco Frances Stock Performance

NYSE BBAR opened at $16.37 on Friday. The company has a market capitalization of $3.34 billion, a price-to-earnings ratio of 19.72 and a beta of 1.07. BBVA Banco Frances S.A. has a twelve month low of $7.76 and a twelve month high of $23.10. The stock has a fifty day simple moving average of $15.67 and a 200 day simple moving average of $15.33. The company has a quick ratio of 1.07, a current ratio of 1.12 and a debt-to-equity ratio of 0.41.

BBVA Banco Frances (NYSE:BBAR - Get Free Report) last posted its quarterly earnings data on Wednesday, March 4th. The bank reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates of $0.34 by ($0.16). The company had revenue of $337.36 million during the quarter, compared to analyst estimates of $874.92 billion. BBVA Banco Frances had a net margin of 3.70% and a return on equity of 6.55%. Sell-side analysts expect that BBVA Banco Frances S.A. will post 1.94 EPS for the current year.

BBVA Banco Frances Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, March 23rd. Investors of record on Monday, March 16th were issued a $0.037 dividend. The ex-dividend date was Monday, March 16th. This is a positive change from BBVA Banco Frances's previous monthly dividend of $0.04. This represents a c) dividend on an annualized basis and a yield of 2.7%. BBVA Banco Frances's dividend payout ratio (DPR) is currently 53.01%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a "hold (c-)" rating on shares of BBVA Banco Frances in a report on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, BBVA Banco Frances presently has an average rating of "Moderate Buy" and a consensus price target of $17.67.

BBVA Banco Frances Company Profile

BBVA Banco Francés is one of Argentina's leading financial institutions, operating as a subsidiary of the global banking group BBVA. The bank provides a full range of retail and commercial banking services to individuals, small and medium‐sized enterprises, large corporations and institutional clients. Its product suite spans deposit accounts, mortgages, personal and auto loans, credit and debit cards, transactional banking and digital solutions designed to meet the evolving needs of customers in both urban and regional markets.

Founded in Buenos Aires in the late 19th century, Banco Francés has developed a longstanding presence in Argentina's financial sector.

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