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

Key Points

• BBVA Banco Frances shares fell 9.3%, hitting a new 52-week low of $11.88 and trading below the prior close of $13.17.
• Analysts have recently downgraded the stock, including Citigroup and Wall Street Zen to “Hold” and UBS to “Neutral,” cutting its price target to $15.00. Despite this, the consensus rating remains “Moderate Buy.”
• The bank reported quarterly earnings of $0.42 per share on $835.6 million in revenue, while several institutional investors recently initiated positions in the company.

Shares of BBVA Banco Frances S.A. (NYSE:BBAR - Get Free Report) reached a new 52-week low during trading on Monday. The stock traded as low as $11.88 and last traded at $11.6690, with a volume of 48,265 shares changing hands. The stock had previously closed at $13.17.

Analyst Upgrades and Downgrades

A number of brokerages have commented on BBAR. Citigroup cut BBVA Banco Frances from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 2nd. Weiss Ratings cut shares of BBVA Banco Frances from a "hold (c)" rating to a "hold (c-)" rating in a research report on Friday. UBS Group cut their price target on shares of BBVA Banco Frances from $20.00 to $15.00 and set a "neutral" rating on the stock in a report on Tuesday, October 13th. Finally, Wall Street Zen cut shares of BBVA Banco Frances from a "buy" rating to a "hold" rating in a research report on Saturday. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $15.00.

BBVA Banco Frances Stock Down 9.3%

The company has a market capitalization of $2.44 billion, a P/E ratio of 11.67 and a beta of 0.90. The company has a 50-day moving average of $13.87 and a two-hundred day moving average of $16.35. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.33.

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

Institutional Trading of BBVA Banco Frances

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Robeco Institutional Asset Management B.V. bought a new position in BBVA Banco Frances during the 3rd quarter valued at approximately $4,617,000. Carter Financial Group INC. bought a new stake in BBVA Banco Frances in the first quarter worth $150,000. XP Advisory US Inc. purchased a new stake in shares of BBVA Banco Frances in the second quarter worth $63,000. NewEdge Advisors LLC purchased a new stake in shares of BBVA Banco Frances in the second quarter worth $311,000. Finally, OceanIQ Capital LLC bought a new position in shares of BBVA Banco Frances during the second quarter valued at $249,000.

BBVA Banco Frances Company Profile

BBVA Banco Francés, now known as Banco BBVA Argentina SA, is an Argentine financial institution that operates as part of the global BBVA Group. The bank traces its origins to Banco Francés del Río de la Plata, founded in 1886, and adopted the BBVA Argentina name as part of the broader BBVA brand integration.

The company provides banking and financial services to individuals, small and medium-sized businesses, corporations and public-sector customers in Argentina. Its offerings include checking and savings accounts, consumer and commercial loans, credit and debit cards, payment services, foreign-exchange services, investment products and digital banking tools.

BBVA Argentina serves customers through a combination of branches, automated banking facilities and online and mobile channels.

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