BBVA Banco Frances S.A. (NYSE:BBAR) Shares Bought by XTX Topco Ltd

Key Points

• XTX Topco Ltd increased its stake in BBVA Banco Frances S.A. by 97.3% during the first quarter, acquiring an additional 16,082 shares, bringing its total holdings to 32,603 shares valued at approximately $591,000.
• BBVA Banco Frances reported a quarterly earnings per share (EPS) of $0.28, surpassing analyst expectations of $0.26, despite revenues falling short of estimates.
• Several analysts, including Itau BBA Securities and Wall Street Zen, have issued ratings for BBVA Banco Frances, with the latter upgrading the stock from "hold" to "buy" and setting a price target of $18.00.

XTX Topco Ltd increased its position in shares of BBVA Banco Frances S.A. (NYSE:BBAR - Free Report) by 97.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 32,603 shares of the bank's stock after purchasing an additional 16,082 shares during the quarter. XTX Topco Ltd's holdings in BBVA Banco Frances were worth $591,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in BBVA Banco Frances by 27.1% during the first quarter. GAMMA Investing LLC now owns 5,303 shares of the bank's stock valued at $96,000 after buying an additional 1,132 shares during the period. Private Advisor Group LLC purchased a new position in BBVA Banco Frances in the first quarter valued at about $224,000. NewEdge Advisors LLC increased its stake in shares of BBVA Banco Frances by 1,332.9% during the 4th quarter. NewEdge Advisors LLC now owns 14,759 shares of the bank's stock worth $281,000 after purchasing an additional 13,729 shares during the last quarter. Clear Creek Financial Management LLC raised its holdings in shares of BBVA Banco Frances by 89.2% in the 1st quarter. Clear Creek Financial Management LLC now owns 23,465 shares of the bank's stock worth $425,000 after purchasing an additional 11,060 shares during the period. Finally, Hood River Capital Management LLC raised its holdings in shares of BBVA Banco Frances by 153.1% in the 4th quarter. Hood River Capital Management LLC now owns 27,905 shares of the bank's stock worth $532,000 after purchasing an additional 16,879 shares during the period.

BBVA Banco Frances Stock Down 1.4%

Shares of BBAR traded down $0.23 during midday trading on Friday, hitting $16.52. 437,279 shares of the company's stock traded hands, compared to its average volume of 701,715. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $3.37 billion, a price-to-earnings ratio of 9.66 and a beta of 1.18. BBVA Banco Frances S.A. has a 1 year low of $8.83 and a 1 year high of $25.01. The firm's fifty day moving average is $16.50 and its 200-day moving average is $18.63.

BBVA Banco Frances (NYSE:BBAR - Get Free Report) last issued its earnings results on Wednesday, May 21st. The bank reported $0.28 EPS for the quarter, beating analysts' consensus estimates of $0.26 by $0.02. BBVA Banco Frances had a return on equity of 13.53% and a net margin of 8.31%. The firm had revenue of $667.94 million for the quarter, compared to analyst estimates of $751.69 billion. As a group, sell-side analysts anticipate that BBVA Banco Frances S.A. will post 1.94 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BBAR has been the subject of a number of recent research reports. Itau BBA Securities began coverage on shares of BBVA Banco Frances in a report on Tuesday, May 20th. They issued a "market perform" rating and a $18.00 price objective for the company. Wall Street Zen raised BBVA Banco Frances from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd.

BBVA Banco Frances 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.