BBVA Banco Frances (NYSE:BBAR) Shares Up 3.9% - What's Next?

Key Points

• BBVA Banco Frances shares rose 3.9% to about $15.04 in midday trading, although volume was 59% below the average session level.
• Analyst sentiment remains moderately positive, with an average rating of “Moderate Buy” and an average price target of $18.50; UBS raised its target to $20 while maintaining a neutral rating.
• The bank reported quarterly earnings of $0.42 per share on $716.56 million in revenue and declared a monthly dividend of $0.0131, representing an annualized yield of roughly 1.0%.

BBVA Banco Frances S.A. (NYSE:BBAR - Get Free Report) shares were up 3.9% on Monday . The company traded as high as $15.03 and last traded at $15.0380. Approximately 281,923 shares changed hands during mid-day trading, a decline of 59% from the average session volume of 691,538 shares. The stock had previously closed at $14.47.

Analysts Set New Price Targets

A number of brokerages have issued reports on BBAR. UBS Group increased their price target on BBVA Banco Frances from $18.00 to $20.00 and gave the stock a "neutral" rating in a research note on Friday, July 10th. Weiss Ratings restated a "hold (c-)" rating on shares of BBVA Banco Frances in a research report on Tuesday, July 14th. Finally, Wall Street Zen cut BBVA Banco Frances from a "buy" rating to a "hold" rating in a research report on Saturday. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, BBVA Banco Frances presently has an average rating of "Moderate Buy" and an average price target of $18.50.

BBVA Banco Frances Stock Performance

The company has a debt-to-equity ratio of 0.33, a current ratio of 1.06 and a quick ratio of 1.10. The business has a 50-day moving average of $18.14 and a 200-day moving average of $16.77. The company has a market capitalization of $3.10 billion, a P/E ratio of 14.88 and a beta of 1.02.

BBVA Banco Frances (NYSE:BBAR - Get Free Report) last posted its quarterly earnings data on Friday, August 14th. The bank reported $0.42 earnings per share for the quarter. The business had revenue of $716.56 million for the quarter. BBVA Banco Frances had a net margin of 4.16% and a return on equity of 7.56%. On average, sell-side analysts anticipate that BBVA Banco Frances S.A. will post 1.59 EPS for the current year.

BBVA Banco Frances Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, June 12th were given a $0.0131 dividend. This represents a c) dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Friday, June 12th. BBVA Banco Frances's dividend payout ratio is 82.35%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Fourth Sail Capital LP raised its holdings in shares of BBVA Banco Frances by 6.7% in the fourth quarter. Fourth Sail Capital LP now owns 2,847,061 shares of the bank's stock worth $51,446,000 after buying an additional 177,799 shares during the period. PointState Capital LP boosted its holdings in BBVA Banco Frances by 60.5% during the 4th quarter. PointState Capital LP now owns 2,668,038 shares of the bank's stock valued at $48,211,000 after acquiring an additional 1,005,978 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in BBVA Banco Frances by 9.8% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,021,521 shares of the bank's stock valued at $33,274,000 after acquiring an additional 180,137 shares during the last quarter. Samlyn Capital LLC increased its stake in BBVA Banco Frances by 6.6% in the third quarter. Samlyn Capital LLC now owns 1,944,429 shares of the bank's stock worth $16,178,000 after purchasing an additional 120,185 shares during the period. Finally, Millennium Management LLC increased its stake in BBVA Banco Frances by 3,633.8% in the fourth quarter. Millennium Management LLC now owns 613,832 shares of the bank's stock worth $11,092,000 after purchasing an additional 597,392 shares during the period.

About BBVA Banco Frances

BBVA Banco Francés is one of Argentina's leading financial institutions, operating as a subsidiary of the global banking group BBVA. The bank provides a full range of retail and commercial banking services to individuals, small and medium‐sized enterprises, large corporations and institutional clients. Its product suite spans deposit accounts, mortgages, personal and auto loans, credit and debit cards, transactional banking and digital solutions designed to meet the evolving needs of customers in both urban and regional markets.

Founded in Buenos Aires in the late 19th century, Banco Francés has developed a longstanding presence in Argentina's financial sector.

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