BBVA Banco Frances (NYSE:BBAR) Shares Pass Above 200-Day Moving Average – Here’s What Happened

BBVA Banco Frances S.A. (NYSE:BBAR) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $14.33 and traded as high as $18.02. BBVA Banco Frances shares last traded at $17.73, with a volume of 642,249 shares changing hands.

Analysts Set New Price Targets

A number of research firms recently weighed in on BBAR. Hsbc Global Res raised shares of BBVA Banco Frances to a “strong-buy” rating in a report on Wednesday, October 1st. Zacks Research raised BBVA Banco Frances from a “strong sell” rating to a “hold” rating in a research report on Monday, November 3rd. Itau BBA Securities upgraded shares of BBVA Banco Frances from a “market perform” rating to an “outperform” rating in a research note on Monday, October 27th. Weiss Ratings reiterated a “hold (c-)” rating on shares of BBVA Banco Frances in a research report on Monday, December 29th. Finally, The Goldman Sachs Group raised BBVA Banco Frances to a “strong-buy” rating in a research report on Monday, November 10th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $17.67.

BBVA Banco Frances Price Performance

The company has a debt-to-equity ratio of 0.32, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market capitalization of $3.62 billion, a price-to-earnings ratio of 18.66 and a beta of 1.08. The company has a 50-day simple moving average of $16.92 and a two-hundred day simple moving average of $14.31.

BBVA Banco Frances (NYSE:BBAR) last released its quarterly earnings results on Tuesday, November 25th. The bank reported $0.13 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.07). The firm had revenue of $865.83 million for the quarter, compared to the consensus estimate of $871.10 billion. BBVA Banco Frances had a return on equity of 7.43% and a net margin of 4.46%. On average, equities research analysts predict that BBVA Banco Frances S.A. will post 1.94 earnings per share for the current year.

BBVA Banco Frances Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 16th were issued a dividend of $0.0331 per share. This represents a c) dividend on an annualized basis and a dividend yield of 2.2%. This is a boost from BBVA Banco Frances’s previous monthly dividend of $0.03. The ex-dividend date of this dividend was Tuesday, December 16th. BBVA Banco Frances’s dividend payout ratio is presently 41.05%.

Institutional Trading of BBVA Banco Frances

Several large investors have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. boosted its position in BBVA Banco Frances by 199.9% during the 2nd 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. Y Intercept Hong Kong Ltd acquired a new position in BBVA Banco Frances during the 3rd quarter valued at about $108,000. Virtu Financial LLC bought a new stake in shares of BBVA Banco Frances during the 3rd quarter worth about $109,000. Insigneo Advisory Services LLC bought a new stake in shares of BBVA Banco Frances during the 3rd quarter worth about $136,000. Finally, Benjamin Edwards Inc. lifted its stake in shares of BBVA Banco Frances by 42.7% in the 3rd 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.

BBVA Banco Frances Company Profile

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.