Weiss Ratings Reiterates "Hold (C)" Rating for BBVA Banco Frances (NYSE:BBAR)

Key Points

• Weiss Ratings has reaffirmed a "hold (c)" rating for BBVA Banco Frances (NYSE:BBAR) amidst mixed analyses from other financial institutions.
• BBVA Banco Frances shares increased by 0.3% to $10.14, with a market capitalization of $2.07 billion.
• The company reported a Q2 earnings miss with an EPS of $0.24, falling short of the estimated $0.37.

BBVA Banco Frances (NYSE:BBAR - Get Free Report)'s stock had its "hold (c)" rating reissued by equities research analysts at Weiss Ratings in a report released on Friday,Weiss Ratings reports.

BBAR has been the subject of several other research reports. HSBC upgraded shares of BBVA Banco Frances from a "hold" rating to a "buy" rating and reduced their target price for the stock from $21.00 to $17.00 in a report on Wednesday, October 1st. Zacks Research cut shares of BBVA Banco Frances from a "hold" rating to a "strong sell" rating in a report on Monday, September 8th. Wall Street Zen upgraded shares of BBVA Banco Frances from a "sell" rating to a "hold" rating in a research note on Sunday, September 7th. Citigroup cut shares of BBVA Banco Frances from a "buy" rating to a "hold" rating in a research note on Thursday, September 11th. Finally, Hsbc Global Res upgraded shares of BBVA Banco Frances to a "strong-buy" rating in a research note on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, BBVA Banco Frances presently has a consensus rating of "Hold" and an average price target of $20.67.

BBVA Banco Frances Stock Up 0.3%

Shares of BBVA Banco Frances stock traded up $0.03 on Friday, hitting $10.14. The company had a trading volume of 1,447,799 shares, compared to its average volume of 899,103. The firm has a market capitalization of $2.07 billion, a P/E ratio of 7.57 and a beta of 1.13. BBVA Banco Frances has a twelve month low of $7.76 and a twelve month high of $25.01. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a 50-day moving average of $10.49 and a 200-day moving average of $15.43.

BBVA Banco Frances (NYSE:BBAR - Get Free Report) last announced its earnings results on Wednesday, August 20th. The bank reported $0.24 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.13). BBVA Banco Frances had a return on equity of 10.24% and a net margin of 6.65%.The business had revenue of $524.41 million for the quarter, compared to analyst estimates of $727.31 billion. Research analysts predict 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 and hedge funds have recently made changes to their positions in BBAR. SBI Securities Co. Ltd. increased its position in BBVA Banco Frances by 199.9% during the second quarter. SBI Securities Co. Ltd. now owns 2,381 shares of the bank's stock worth $39,000 after acquiring an additional 1,587 shares during the period. GAMMA Investing LLC increased its position in BBVA Banco Frances by 27.1% during the first quarter. GAMMA Investing LLC now owns 5,303 shares of the bank's stock worth $96,000 after acquiring an additional 1,132 shares during the period. Fox Run Management L.L.C. bought a new position in BBVA Banco Frances during the first quarter worth about $211,000. Benjamin Edwards Inc. increased its position in BBVA Banco Frances by 42.7% during the third quarter. Benjamin Edwards Inc. now owns 26,071 shares of the bank's stock worth $217,000 after acquiring an additional 7,803 shares during the period. Finally, Private Advisor Group LLC bought a new position in BBVA Banco Frances during the first quarter worth about $224,000.

About BBVA Banco Frances

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.

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