BBVA Banco Frances (NYSE:BBAR) Shares Up 5.3% – Still a Buy?

Shares of BBVA Banco Frances S.A. (NYSE:BBAR) rose 5.3% during trading on Friday . The stock traded as high as $20.33 and last traded at $20.4190. 43,020 shares changed hands during trading, a decline of 94% from the average daily volume of 700,795 shares. The stock had previously closed at $19.40.

BBVA Banco Frances Stock Performance

The stock has a market cap of $4.21 billion, a P/E ratio of 25.11 and a beta of 1.00. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.10 and a quick ratio of 1.04. The stock’s 50 day simple moving average is $17.80 and its two-hundred day simple moving average is $17.03.

BBVA Banco Frances (NYSE:BBAR) last issued its quarterly earnings data on Friday, May 15th. The bank reported $0.28 earnings per share (EPS) for the quarter. BBVA Banco Frances had a net margin of 3.44% and a return on equity of 6.27%. The company had revenue of $822.07 million during the quarter. As a group, research analysts forecast that BBVA Banco Frances S.A. will post 1.59 EPS for the current year.

BBVA Banco Frances Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, June 12th were issued a dividend of $0.0131 per share. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Friday, June 12th. BBVA Banco Frances’s dividend payout ratio is 100.00%.

Institutional Trading of BBVA Banco Frances

A number of institutional investors have recently modified their holdings of BBAR. NewEdge Advisors LLC boosted its position in shares of BBVA Banco Frances by 66.2% during the first quarter. NewEdge Advisors LLC now owns 24,523 shares of the bank’s stock worth $444,000 after buying an additional 9,764 shares during the period. Goldman Sachs Group Inc. raised its position in BBVA Banco Frances by 17.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 93,265 shares of the bank’s stock valued at $1,690,000 after buying an additional 13,594 shares during the last quarter. JPMorgan Chase & Co. raised its position in BBVA Banco Frances by 171.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 177,455 shares of the bank’s stock valued at $2,921,000 after buying an additional 112,161 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in BBVA Banco Frances by 9.8% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,021,521 shares of the bank’s stock valued at $33,274,000 after acquiring an additional 180,137 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in BBVA Banco Frances by 229.9% during the 2nd quarter. Bank of America Corp DE now owns 60,156 shares of the bank’s stock worth $990,000 after acquiring an additional 41,920 shares during 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.