Fiera Capital Corp bought a new position in BBVA Banco Frances S.A. (NYSE:BFR) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 470,081 shares of the bank’s stock, valued at approximately $4,470,000.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Acadian Asset Management LLC purchased a new stake in shares of BBVA Banco Frances during the 1st quarter worth approximately $5,750,000. Barings LLC purchased a new stake in shares of BBVA Banco Frances during the 1st quarter worth approximately $247,000. JPMorgan Chase & Co. raised its holdings in shares of BBVA Banco Frances by 131.6% during the 1st quarter. JPMorgan Chase & Co. now owns 158,529 shares of the bank’s stock worth $1,508,000 after acquiring an additional 90,083 shares in the last quarter. Exane Derivatives raised its holdings in shares of BBVA Banco Frances by 322.7% during the 1st quarter. Exane Derivatives now owns 12,770 shares of the bank’s stock worth $121,000 after acquiring an additional 9,749 shares in the last quarter. Finally, SPX Equities Gestao de Recursos Ltda purchased a new stake in shares of BBVA Banco Frances during the 1st quarter worth approximately $4,240,000. Institutional investors own 14.38% of the company’s stock.
Several analysts have recently issued reports on BFR shares. Santander raised BBVA Banco Frances from a “hold” rating to a “buy” rating in a report on Friday, March 15th. HSBC raised BBVA Banco Frances from a “hold” rating to a “buy” rating in a report on Thursday, April 25th. Finally, ValuEngine cut BBVA Banco Frances from a “sell” rating to a “strong sell” rating in a report on Friday, February 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. BBVA Banco Frances has a consensus rating of “Hold” and a consensus price target of $13.00.
NYSE BFR opened at $11.34 on Thursday. The company has a market cap of $2.16 billion, a PE ratio of 5.16 and a beta of 0.09. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.12 and a current ratio of 1.12. BBVA Banco Frances S.A. has a fifty-two week low of $6.57 and a fifty-two week high of $16.97.
BBVA Banco Frances (NYSE:BFR) last released its earnings results on Friday, May 10th. The bank reported $0.37 earnings per share for the quarter. The company had revenue of $256.23 million for the quarter. On average, equities analysts expect that BBVA Banco Frances S.A. will post 1.81 earnings per share for the current year.
The business also recently announced an annual dividend, which was paid on Tuesday, May 28th. Stockholders of record on Wednesday, May 15th were given a dividend of $0.2651 per share. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a dividend yield of 3.04%. This is an increase from BBVA Banco Frances’s previous annual dividend of $0.21. BBVA Banco Frances’s payout ratio is currently -136.84%.
BBVA Banco Frances Company Profile
BBVA Banco Francés SA, together with its subsidiaries, provides financial services to small and medium enterprises, and individual customers in Spain, Mexico, South America, the United States, Turkey, and rest of Eurasia. The company offers current, checking, and savings accounts, as well as demand and time deposits.
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