BBVA Banco Frances S.A. (BBAR) – What Are Researchers Thinking About This Stock?

Shares of BBVA Banco Frances S.A. (NYSE:BBAR) have been given an average recommendation of “Moderate Buy” by the six brokerages that are covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $15.00.

BBAR has been the topic of several analyst reports. Wall Street Zen raised shares of BBVA Banco Frances from a “hold” rating to a “buy” rating in a research report on Sunday, September 6th. UBS Group decreased their price objective on BBVA Banco Frances from $20.00 to $15.00 and set a “neutral” rating for the company in a report on Tuesday. Weiss Ratings raised BBVA Banco Frances from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. Finally, Citigroup downgraded BBVA Banco Frances from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 2nd.

BBVA Banco Frances Price Performance

NYSE BBAR opened at $12.99 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.33. BBVA Banco Frances has a 12-month low of $9.17 and a 12-month high of $22.47. The company has a market capitalization of $2.65 billion, a PE ratio of 12.74 and a beta of 0.90. The firm’s 50 day moving average is $14.30 and its 200-day moving average is $16.48.

BBVA Banco Frances (NYSE:BBAR) last announced its earnings results on Friday, August 14th. The bank reported $0.42 EPS for the quarter. The business had revenue of $835.60 million during the quarter. BBVA Banco Frances had a net margin of 4.16% and a return on equity of 7.56%. Equities research analysts anticipate that BBVA Banco Frances will post 1.71 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Alpine Global Management LLC acquired a new position in shares of BBVA Banco Frances during the 4th quarter worth approximately $4,042,000. Fourth Sail Capital LP boosted its holdings in shares of BBVA Banco Frances by 6.7% in the 4th quarter. Fourth Sail Capital LP now owns 2,847,061 shares of the bank’s stock valued at $51,446,000 after buying an additional 177,799 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in shares of BBVA Banco Frances in the 2nd quarter valued at approximately $311,000. OceanIQ Capital LLC acquired a new stake in shares of BBVA Banco Frances in the 2nd quarter valued at approximately $249,000. Finally, Carter Financial Group INC. bought a new position in shares of BBVA Banco Frances in the first quarter valued at $150,000.

BBVA Banco Frances Company Profile

BBVA Banco Francés, now known as Banco BBVA Argentina SA, is an Argentine financial institution and a subsidiary of the global BBVA Group. The bank provides banking and financial services to individuals, businesses, corporations and institutional clients throughout Argentina.

Its offerings include checking and savings accounts, consumer and commercial lending, mortgages, credit and debit cards, investment products, foreign-exchange services, payments and cash-management solutions. Through its corporate and investment banking operations, the bank also serves large companies and institutions with financing, transaction banking and related advisory services.

The institution traces its origins to Banco Francés del Río de la Plata, founded in Argentina in 1886.