BBVA Banco Frances S.A. (NYSE:BBAR) Given Average Recommendation of “Moderate Buy” by Analysts

BBVA Banco Frances S.A. (NYSE:BBAR) has earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $17.50.

BBVA Banco Frances Stock Performance

NYSE:BBAR opened at $17.49 on Monday. BBVA Banco Frances has a twelve month low of $7.76 and a twelve month high of $21.38. The stock has a market cap of $3.57 billion, a P/E ratio of 21.32 and a beta of 0.99. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 0.31. The firm’s fifty day simple moving average is $15.81 and its 200 day simple moving average is $16.42.

BBVA Banco Frances (NYSE:BBAR) last announced its earnings results on Friday, May 15th. The bank reported $0.28 EPS for the quarter. BBVA Banco Frances had a net margin of 3.44% and a return on equity of 6.27%. The firm had revenue of $822.07 million for the quarter. As a group, research analysts predict that BBVA Banco Frances will post 1.59 EPS for the current year.

BBVA Banco Frances Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, April 27th. Stockholders of record on Monday, April 20th were given a $0.0382 dividend. The ex-dividend date of this dividend was Monday, April 20th. This represents a c) annualized dividend and a dividend yield of 2.6%. This is a boost from BBVA Banco Frances’s previous monthly dividend of $0.04. BBVA Banco Frances’s payout ratio is presently 115.85%.

Hedge Funds Weigh In On BBVA Banco Frances

Hedge funds have recently bought and sold shares of the business. TT International Asset Management LTD increased its position in shares of BBVA Banco Frances by 83.3% during the 4th quarter. TT International Asset Management LTD now owns 181,564 shares of the bank’s stock valued at $3,217,000 after purchasing an additional 82,496 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of BBVA Banco Frances by 62.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 287,789 shares of the bank’s stock valued at $2,394,000 after acquiring an additional 110,334 shares during the period. Aquamarine Financial Cayman Ltd grew its stake in shares of BBVA Banco Frances by 103.8% during the 4th 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. Channing Global Advisors LLC bought a new position in BBVA Banco Frances in the 4th quarter worth approximately $507,000. Finally, Alpine Global Management LLC bought a new position in BBVA Banco Frances in the 4th quarter worth approximately $4,042,000.

About BBVA Banco Frances

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.