BBVA Banco Frances (NYSE:BBAR) Raised to Buy at Wall Street Zen

Wall Street Zen upgraded shares of BBVA Banco Frances (NYSE:BBAR - Free Report) from a hold rating to a buy rating in a research report sent to investors on Saturday morning.

Separately, Itau BBA Securities started coverage on shares of BBVA Banco Frances in a report on Tuesday, May 20th. They issued a "market perform" rating and a $18.00 price target for the company.

BBVA Banco Frances Stock Up 6.7%

BBAR traded up $1.10 during trading on Friday, hitting $17.40. The company had a trading volume of 1,272,233 shares, compared to its average volume of 751,396. The company has a market cap of $3.55 billion, a PE ratio of 10.18 and a beta of 1.27. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.05 and a quick ratio of 1.10. BBVA Banco Frances has a 1-year low of $7.05 and a 1-year high of $25.01. The business has a 50-day moving average of $19.76 and a 200-day moving average of $19.63.

BBVA Banco Frances (NYSE:BBAR - Get Free Report) last posted its quarterly earnings results on Wednesday, May 21st. The bank reported $0.28 EPS for the quarter, topping analysts' consensus estimates of $0.26 by $0.02. BBVA Banco Frances had a return on equity of 13.53% and a net margin of 8.31%. The business had revenue of $667.94 million during the quarter, compared to the consensus estimate of $751.69 billion. As a group, analysts forecast that BBVA Banco Frances will post 1.94 earnings per share for the current year.

Hedge Funds Weigh In On BBVA Banco Frances

Several institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. grew its holdings in BBVA Banco Frances by 17.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 93,265 shares of the bank's stock worth $1,690,000 after buying an additional 13,594 shares in the last quarter. Samlyn Capital LLC lifted its holdings in BBVA Banco Frances by 30.8% in the first quarter. Samlyn Capital LLC now owns 1,852,539 shares of the bank's stock worth $33,568,000 after purchasing an additional 435,692 shares during the period. PointState Capital LP grew its position in BBVA Banco Frances by 36.1% in the 1st quarter. PointState Capital LP now owns 3,346,539 shares of the bank's stock valued at $60,639,000 after buying an additional 888,235 shares in the last quarter. NWI Management LP acquired a new position in BBVA Banco Frances during the 1st quarter valued at about $1,142,000. Finally, NewEdge Advisors LLC lifted its stake in shares of BBVA Banco Frances by 66.2% in the 1st quarter. NewEdge Advisors LLC now owns 24,523 shares of the bank's stock worth $444,000 after acquiring an additional 9,764 shares during the period.

BBVA Banco Frances Company Profile

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.