Banco BBVA Argentina (NYSE:BBAR) Now Covered by Analysts at Itau BBA Securities

Equities research analysts at Itau BBA Securities began coverage on shares of Banco BBVA Argentina (NYSE:BBAR - Get Free Report) in a research note issued on Tuesday, MarketBeat Ratings reports. The firm set a "market perform" rating and a $18.00 price target on the bank's stock. Itau BBA Securities' price target points to a potential downside of 16.80% from the company's current price.

Banco BBVA Argentina Price Performance

BBAR traded up $0.35 during midday trading on Tuesday, hitting $21.63. The stock had a trading volume of 442,466 shares, compared to its average volume of 754,175. The company has a market cap of $4.42 billion, a P/E ratio of 11.27 and a beta of 1.35. The business has a fifty day moving average of $19.51 and a 200 day moving average of $19.34. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.99 and a current ratio of 0.99. Banco BBVA Argentina has a 1 year low of $7.05 and a 1 year high of $25.01.

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

Hedge Funds Weigh In On Banco BBVA Argentina

Several institutional investors and hedge funds have recently modified their holdings of BBAR. Goldman Sachs Group Inc. boosted its position in Banco BBVA Argentina by 17.1% in the first quarter. Goldman Sachs Group Inc. now owns 93,265 shares of the bank's stock worth $1,690,000 after purchasing an additional 13,594 shares during the last quarter. Samlyn Capital LLC lifted its position in shares of Banco BBVA Argentina by 30.8% during the 1st quarter. Samlyn Capital LLC now owns 1,852,539 shares of the bank's stock valued at $33,568,000 after buying an additional 435,692 shares in the last quarter. PointState Capital LP lifted its position in shares of Banco BBVA Argentina by 36.1% during the 1st quarter. PointState Capital LP now owns 3,346,539 shares of the bank's stock valued at $60,639,000 after buying an additional 888,235 shares in the last quarter. NWI Management LP purchased a new position in shares of Banco BBVA Argentina during the 1st quarter valued at about $1,142,000. Finally, NewEdge Advisors LLC lifted its position in shares of Banco BBVA Argentina by 66.2% during the 1st quarter. NewEdge Advisors LLC now owns 24,523 shares of the bank's stock valued at $444,000 after buying an additional 9,764 shares in the last quarter.

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.