BBVA Banco Frances (NYSE:BBAR) Posts Quarterly Earnings Results, Beats Expectations By $0.10 EPS

BBVA Banco Frances (NYSE:BBAR) announced its earnings results on Tuesday. The bank reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.10, Zacks reports. BBVA Banco Frances had a net margin of 3.70% and a return on equity of 6.55%. The business had revenue of $822.07 million during the quarter, compared to the consensus estimate of $686.31 million.

BBVA Banco Frances Trading Up 8.8%

NYSE BBAR opened at $16.63 on Wednesday. The stock has a market capitalization of $3.40 billion, a P/E ratio of 20.04 and a beta of 0.92. BBVA Banco Frances has a 52-week low of $7.76 and a 52-week high of $21.90. The firm has a 50-day moving average price of $15.11 and a 200 day moving average price of $16.29. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.17.

BBVA Banco Frances Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, April 27th. Investors of record on Monday, April 20th were issued a dividend of $0.0382 per share. This is an increase from BBVA Banco Frances’s previous monthly dividend of $0.04. This represents a c) annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Monday, April 20th. BBVA Banco Frances’s dividend payout ratio is currently 54.22%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in BBAR. PointState Capital LP raised its holdings in BBVA Banco Frances by 60.5% during the fourth quarter. PointState Capital LP now owns 2,668,038 shares of the bank’s stock worth $48,211,000 after purchasing an additional 1,005,978 shares in the last quarter. Millennium Management LLC raised its holdings in BBVA Banco Frances by 3,633.8% during the fourth quarter. Millennium Management LLC now owns 613,832 shares of the bank’s stock worth $11,092,000 after purchasing an additional 597,392 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in 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 worth $33,274,000 after purchasing an additional 180,137 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in BBVA Banco Frances by 41.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 488,439 shares of the bank’s stock worth $8,826,000 after purchasing an additional 144,126 shares in the last quarter. Finally, Verition Fund Management LLC raised its holdings in BBVA Banco Frances by 143.7% during the third quarter. Verition Fund Management LLC now owns 239,519 shares of the bank’s stock worth $1,993,000 after purchasing an additional 141,218 shares in the last quarter.

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.