BBVA Banco Frances (NYSE:BBAR) Stock Rating Lowered by Citigroup

BBVA Banco Frances (NYSE:BBAR) was downgraded by equities research analysts at Citigroup from a “strong-buy” rating to a “hold” rating in a report issued on Wednesday, Zacks reports.

A number of other analysts also recently issued reports on BBAR. Weiss Ratings raised shares of BBVA Banco Frances from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday. UBS Group raised their target price on shares of BBVA Banco Frances from $18.00 to $20.00 and gave the stock a “neutral” rating in a report on Friday, July 10th. Finally, Wall Street Zen lowered shares of BBVA Banco Frances from a “buy” rating to a “hold” rating in a research note on Saturday, August 29th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $18.50.

BBVA Banco Frances Price Performance

Shares of BBAR opened at $14.77 on Wednesday. BBVA Banco Frances has a twelve month low of $7.76 and a twelve month high of $22.47. The company has a market capitalization of $3.02 billion, a P/E ratio of 14.48 and a beta of 0.93. The firm has a 50 day moving average of $17.68 and a 200 day moving average of $16.69. The company has a quick ratio of 1.10, a current ratio of 1.06 and a debt-to-equity ratio of 0.33.

BBVA Banco Frances (NYSE:BBAR) last issued its earnings results on Friday, August 14th. The bank reported $0.42 EPS for the quarter. BBVA Banco Frances had a return on equity of 7.56% and a net margin of 4.16%.The business had revenue of $716.56 million for the quarter. As a group, equities research analysts anticipate that BBVA Banco Frances will post 1.59 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in BBAR. Northwestern Mutual Wealth Management Co. lifted its holdings 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 purchasing an additional 2,167 shares in the last quarter. XP Advisory US Inc. purchased a new position in BBVA Banco Frances in the 2nd quarter worth approximately $63,000. Barclays PLC boosted its stake in BBVA Banco Frances by 78.0% in 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 during the period. Baader Bank Aktiengesellschaft raised its position in shares of BBVA Banco Frances by 35.7% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 19,000 shares of the bank’s stock valued at $343,000 after buying an additional 5,000 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in BBVA Banco Frances by 26.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 39,830 shares of the bank’s stock valued at $720,000 after acquiring an additional 8,280 shares in the last quarter.

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.