BBVA Banco Frances (NYSE:BBAR) Reaches New 52-Week Low – Here’s Why

BBVA Banco Frances S.A. (NYSE:BBAR)’s share price hit a new 52-week low during mid-day trading on Monday. The stock traded as low as $11.88 and last traded at $11.6690, with a volume of 48,265 shares. The stock had previously closed at $13.17.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BBAR. Weiss Ratings cut BBVA Banco Frances from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday. Citigroup downgraded BBVA Banco Frances from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 2nd. UBS Group reduced their price target on shares of BBVA Banco Frances from $20.00 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 13th. Finally, Wall Street Zen downgraded BBVA Banco Frances from a “buy” rating to a “hold” rating in a report on Saturday. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, BBVA Banco Frances presently has a consensus rating of “Moderate Buy” and an average target price of $15.00.

BBVA Banco Frances Stock Down 9.3%

The business’s fifty day moving average price is $13.87 and its two-hundred day moving average price is $16.35. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market capitalization of $2.44 billion, a PE ratio of 11.67 and a beta of 0.90.

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

Institutional Investors Weigh In On BBVA Banco Frances

Several large investors have recently bought and sold shares of BBAR. Robeco Institutional Asset Management B.V. acquired a new position in BBVA Banco Frances in the 3rd quarter valued at about $4,617,000. NewEdge Advisors LLC purchased a new position in BBVA Banco Frances in the second quarter valued at approximately $311,000. XP Advisory US Inc. purchased a new stake in BBVA Banco Frances in the second quarter valued at $63,000. OceanIQ Capital LLC acquired a new position in BBVA Banco Frances during the second quarter worth approximately $249,000. Finally, Carter Financial Group INC. purchased a new stake in BBVA Banco Frances during the 1st quarter valued at approximately $150,000.

About BBVA Banco Frances

BBVA Banco Francés, now known as Banco BBVA Argentina SA, is an Argentine financial institution that operates as part of the global BBVA Group. The bank traces its origins to Banco Francés del Río de la Plata, founded in 1886, and adopted the BBVA Argentina name as part of the broader BBVA brand integration.

The company provides banking and financial services to individuals, small and medium-sized businesses, corporations and public-sector customers in Argentina. Its offerings include checking and savings accounts, consumer and commercial loans, credit and debit cards, payment services, foreign-exchange services, investment products and digital banking tools.

BBVA Argentina serves customers through a combination of branches, automated banking facilities and online and mobile channels.