BBVA Banco Frances (NYSE:BBAR) Sets New 1-Year Low - Here's What Happened

Key Points

• BBVA Banco Frances hit a new 52-week low, trading as low as $10.22, compared with its prior close of $10.66.
• Analyst sentiment is cautious: UBS lowered its price target to $15 and kept a neutral rating, while other firms also downgraded the stock. MarketBeat reports a consensus “Hold” rating and an average price target of $15.
• The bank reported quarterly earnings of $0.42 per share on $835.6 million in revenue; analysts expect full-year EPS of $1.71.

BBVA Banco Frances S.A. (NYSE:BBAR - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Thursday. The company traded as low as $10.22 and last traded at $10.4280, with a volume of 24,980 shares. The stock had previously closed at $10.66.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. UBS Group decreased their price target on shares of BBVA Banco Frances from $20.00 to $15.00 and set a "neutral" rating for the company in a research report on Tuesday, October 13th. Wall Street Zen lowered BBVA Banco Frances from a "buy" rating to a "hold" rating in a research report on Saturday, October 24th. Citigroup cut BBVA Banco Frances from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 2nd. Finally, Weiss Ratings cut BBVA Banco Frances from a "hold (c)" rating to a "hold (c-)" rating in a research note on Friday, October 23rd. Three investment analysts have rated the stock with a Hold rating. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $15.00.

BBVA Banco Frances Trading Up 0.6%

The firm has a market capitalization of $2.19 billion, a PE ratio of 10.44 and a beta of 0.98. The company's 50-day moving average price is $12.98 and its 200-day moving average price is $15.93. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.06 and a current ratio of 1.06.

BBVA Banco Frances (NYSE:BBAR - Get Free Report) last posted its earnings results on Friday, August 14th. The bank reported $0.42 EPS for the quarter. BBVA Banco Frances had a return on equity of 7.56% and a net margin of 4.16%. The firm had revenue of $835.60 million for the quarter. On average, sell-side analysts expect that BBVA Banco Frances S.A. will post 1.71 earnings per share for the current year.

Institutional Trading of BBVA Banco Frances

Institutional investors have recently modified their holdings of the stock. Global Retirement Partners LLC purchased a new stake in BBVA Banco Frances in the third quarter valued at $51,000. Deltec Asset Management LLC boosted its holdings in shares of BBVA Banco Frances by 14.5% in the third quarter. Deltec Asset Management LLC now owns 67,000 shares of the bank's stock valued at $861,000 after acquiring an additional 8,500 shares during the period. Robeco Institutional Asset Management B.V. purchased a new position in shares of BBVA Banco Frances during the third quarter worth approximately $4,617,000. NewEdge Advisors LLC purchased a new position in shares of BBVA Banco Frances during the second quarter worth approximately $311,000. Finally, XP Advisory US Inc. purchased a new position in shares of BBVA Banco Frances during the second quarter worth approximately $63,000.

BBVA Banco Frances Company Profile

BBVA Banco Argentina, formerly known as BBVA Banco Francés, is an Argentine bank and part of the Spanish BBVA Group. Its history dates to the founding of Banco Francés del Río de la Plata in 1886; the bank adopted the BBVA Argentina name in 2019. The bank serves individuals, businesses and institutions across Argentina. Its services include deposit accounts, personal and business loans, credit and debit cards, payment services, and online and mobile banking. BBVA Argentina also provides companies with services such as cash management, trade finance and other business banking solutions.

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