Itau BBA Securities initiated coverage on shares of Banco BBVA Argentina (NYSE:BBAR - Get Free Report) in a report released on Tuesday,Briefing.com Automated Import reports. The brokerage set a "market perform" rating and a $18.00 price target on the bank's stock. Itau BBA Securities' target price suggests a potential downside of 19.43% from the stock's current price.
Banco BBVA Argentina Stock Up 4.3%
Shares of NYSE BBAR opened at $22.34 on Tuesday. The business has a 50-day moving average of $19.24 and a two-hundred day moving average of $19.17. The company has a market capitalization of $4.56 billion, a price-to-earnings ratio of 11.64 and a beta of 1.35. Banco BBVA Argentina has a 1 year low of $7.05 and a 1 year high of $25.01. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.99 and a quick ratio of 0.99.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Crocodile Capital Partners GmbH acquired a new position in Banco BBVA Argentina in the 4th quarter valued at about $762,000. Blue Trust Inc. raised its stake in Banco BBVA Argentina by 91.2% in the 4th quarter. Blue Trust Inc. now owns 3,448 shares of the bank's stock valued at $66,000 after purchasing an additional 1,645 shares during the last quarter. ABS Direct Equity Fund LLC purchased a new position in shares of Banco BBVA Argentina during the fourth quarter valued at approximately $408,000. Clear Creek Financial Management LLC purchased a new position in shares of Banco BBVA Argentina during the 4th quarter worth $236,000. Finally, Deltec Asset Management LLC boosted its stake in Banco BBVA Argentina by 84.3% in the 4th quarter. Deltec Asset Management LLC now owns 59,400 shares of the bank's stock worth $1,132,000 after buying an additional 27,167 shares during the last quarter.
About Banco BBVA Argentina
(
Get Free Report)
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.
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