BBVA Banco Frances S.A. (NYSE:BBAR) Receives $17.67 Average PT from Analysts

Shares of BBVA Banco Frances S.A. (NYSE:BBAR) have earned an average recommendation of “Moderate Buy” from the seven research firms that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $17.6667.

Several research firms have recently weighed in on BBAR. UBS Group began coverage on BBVA Banco Frances in a report on Wednesday, November 19th. They set a “hold” rating and a $18.00 price target on the stock. Wall Street Zen raised shares of BBVA Banco Frances from a “sell” rating to a “hold” rating in a report on Friday, November 28th. Zacks Research raised shares of BBVA Banco Frances from a “strong sell” rating to a “hold” rating in a research note on Monday, November 3rd. The Goldman Sachs Group raised shares of BBVA Banco Frances to a “strong-buy” rating in a research note on Monday, November 10th. Finally, Citigroup raised BBVA Banco Frances from a “neutral” rating to a “buy” rating in a research report on Monday, November 3rd.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BBAR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of BBVA Banco Frances by 9.8% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,021,521 shares of the bank’s stock valued at $33,274,000 after purchasing an additional 180,137 shares during the period. Samlyn Capital LLC increased its position in BBVA Banco Frances by 6.6% in the 3rd quarter. Samlyn Capital LLC now owns 1,944,429 shares of the bank’s stock valued at $16,178,000 after buying an additional 120,185 shares in the last quarter. Fourth Sail Capital LP acquired a new position in BBVA Banco Frances during the 2nd quarter worth approximately $29,399,000. Aquamarine Financial Cayman Ltd grew its stake in BBVA Banco Frances by 103.8% in the fourth quarter. Aquamarine Financial Cayman Ltd now owns 1,141,305 shares of the bank’s stock valued at $20,623,000 after acquiring an additional 581,305 shares during the period. Finally, Ping Capital Management Inc. increased its holdings in shares of BBVA Banco Frances by 40.8% during the third quarter. Ping Capital Management Inc. now owns 1,050,500 shares of the bank’s stock valued at $8,740,000 after acquiring an additional 304,600 shares in the last quarter.

BBVA Banco Frances Stock Performance

Shares of BBVA Banco Frances stock opened at $18.46 on Tuesday. The company’s 50 day moving average price is $18.12 and its two-hundred day moving average price is $14.71. The firm has a market capitalization of $3.77 billion, a P/E ratio of 19.43 and a beta of 1.04. BBVA Banco Frances has a fifty-two week low of $7.76 and a fifty-two week high of $23.10. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.07 and a quick ratio of 1.07.

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

BBVA Banco Frances Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, January 29th. Investors of record on Thursday, January 22nd were paid a $0.0336 dividend. This is an increase from BBVA Banco Frances’s previous monthly dividend of $0.03. This represents a c) dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Thursday, January 22nd. BBVA Banco Frances’s payout ratio is presently 42.11%.

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.