BBVA Banco Frances (NYSE:BBAR) Sets New 52-Week Low - Should You Sell?

Key Points

• BBVA Banco Frances fell to a new 52-week low of $11.35, below its prior close of $11.61, with the stock trading beneath both its 50-day and 200-day moving averages.
• Analyst sentiment has weakened: UBS cut its price target to $15 and rated the shares neutral, while other analysts downgraded the stock to hold. The consensus rating is Hold, with an average target price of $15.
• The bank reported quarterly earnings of $0.42 per share on $835.6 million in revenue, alongside a 4.16% net margin and 7.56% return on equity; several institutional investors nonetheless recently initiated or increased positions.

BBVA Banco Frances S.A. (NYSE:BBAR - Get Free Report) reached a new 52-week low during trading on Monday. The company traded as low as $11.35 and last traded at $11.3530, with a volume of 199,424 shares. The stock had previously closed at $11.61.

Wall Street Analysts Forecast Growth

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

BBVA Banco Frances Price Performance

The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of 11.01 and a beta of 0.90. The stock has a 50 day moving average price of $13.59 and a 200-day moving average price of $16.21. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.06 and a quick 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 earnings per share for the quarter. BBVA Banco Frances had a net margin of 4.16% and a return on equity of 7.56%. The company had revenue of $835.60 million for the quarter. On average, analysts forecast that BBVA Banco Frances S.A. will post 1.71 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Deltec Asset Management LLC increased its holdings in shares of BBVA Banco Frances by 14.5% in the 3rd quarter. Deltec Asset Management LLC now owns 67,000 shares of the bank's stock valued at $861,000 after purchasing an additional 8,500 shares in the last quarter. Robeco Institutional Asset Management B.V. purchased a new position in shares of BBVA Banco Frances during the 3rd quarter worth about $4,617,000. NewEdge Advisors LLC purchased a new position in shares of BBVA Banco Frances during the 2nd quarter worth about $311,000. XP Advisory US Inc. acquired a new stake in shares of BBVA Banco Frances in the second quarter worth approximately $63,000. Finally, OceanIQ Capital LLC acquired a new stake in shares of BBVA Banco Frances in the second quarter worth approximately $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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