XTX Topco Ltd Acquires 16,082 Shares of BBVA Banco Frances S.A. (NYSE:BBAR)

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 grew its stake in BBVA Banco Frances S.A. (NYSE:BBAR - Free Report) by 97.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm 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 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC grew its position in shares of BBVA Banco Frances by 2,203.8% during the 1st 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. North of South Capital LLP bought a new position in BBVA Banco Frances during the 1st quarter worth approximately $544,000. Deltec Asset Management LLC grew its holdings in BBVA Banco Frances by 43.1% during the first quarter. Deltec Asset Management LLC now owns 85,000 shares of the bank's stock valued at $1,540,000 after purchasing an additional 25,600 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in BBVA Banco Frances by 93.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,733,785 shares of the bank's stock valued at $33,046,000 after purchasing an additional 836,688 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its holdings in BBVA Banco Frances by 42.6% in the fourth quarter. Point72 Asset Management L.P. now owns 61,600 shares of the bank's stock worth $1,174,000 after purchasing an additional 18,400 shares during the period.

BBVA Banco Frances Stock Down 1.4%

NYSE BBAR traded down $0.23 on Friday, reaching $16.52. The company had a trading volume of 437,267 shares, compared to its average volume of 765,470. The company's fifty day moving average is $16.56 and its 200-day moving average is $18.68. The firm has a market capitalization of $3.37 billion, a price-to-earnings ratio of 9.66 and a beta of 1.18. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.05 and a current ratio of 1.05. BBVA Banco Frances S.A. has a 1-year low of $8.83 and a 1-year high of $25.01.

BBVA Banco Frances (NYSE:BBAR - Get Free Report) last posted its quarterly earnings data 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 analysts' expectations of $751.69 billion. BBVA Banco Frances had a return on equity of 13.53% and a net margin of 8.31%. On average, research analysts forecast that BBVA Banco Frances S.A. will post 1.94 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on BBAR. Wall Street Zen upgraded shares of BBVA Banco Frances from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Itau BBA Securities began coverage on BBVA Banco Frances in a report on Tuesday, May 20th. They issued a "market perform" rating and a $18.00 price target for the company.

About BBVA Banco Frances

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.