BBVA Banco Frances (NYSE:BBAR) Issues Earnings Results

BBVA Banco Frances (NYSE:BBAR) posted its earnings results on Thursday. The bank reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.01), FiscalAI reports. BBVA Banco Frances had a net margin of 3.44% and a return on equity of 6.27%. The business had revenue of $690.78 million during the quarter, compared to analyst estimates of $738.77 million.

BBVA Banco Frances Stock Performance

Shares of BBAR stock traded down $0.31 during trading hours on Thursday, reaching $14.61. 661,552 shares of the company’s stock were exchanged, compared to its average volume of 693,125. BBVA Banco Frances has a fifty-two week low of $7.76 and a fifty-two week high of $22.47. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $2.98 billion, a P/E ratio of 17.81 and a beta of 1.02. The business has a fifty day moving average price of $18.44 and a 200-day moving average price of $16.82.

BBVA Banco Frances Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, June 12th were given a $0.0131 dividend. This represents a c) annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, June 12th. BBVA Banco Frances’s payout ratio is currently 102.44%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BBAR. Northwestern Mutual Wealth Management Co. increased its stake in BBVA Banco Frances by 54,175.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,171 shares of the bank’s stock valued at $39,000 after acquiring an additional 2,167 shares during the period. Van ECK Associates Corp bought a new stake in shares of BBVA Banco Frances in the 4th quarter worth approximately $150,000. Barclays PLC grew its holdings in shares of BBVA Banco Frances by 78.0% during the 4th quarter. Barclays PLC now owns 10,973 shares of the bank’s stock worth $198,000 after purchasing an additional 4,808 shares in the last quarter. Schonfeld Strategic Advisors LLC acquired a new stake in shares of BBVA Banco Frances during the 4th quarter worth approximately $224,000. Finally, Virtu Financial LLC bought a new stake in shares of BBVA Banco Frances during the third quarter valued at approximately $109,000.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on BBAR shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of BBVA Banco Frances in a report on Tuesday, July 14th. UBS Group upped their price target on BBVA Banco Frances from $18.00 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, July 10th. Finally, Wall Street Zen raised BBVA Banco Frances from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $18.50.

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.