Glenorchy Capital Ltd Makes New $1.94 Million Investment in Banco BBVA Argentina S.A. (NYSE:BBAR)

Glenorchy Capital Ltd purchased a new position in shares of Banco BBVA Argentina S.A. (NYSE:BBAR) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 356,129 shares of the bank’s stock, valued at approximately $1,937,000. Banco BBVA Argentina accounts for about 0.8% of Glenorchy Capital Ltd’s investment portfolio, making the stock its 24th largest position.

Other large investors also recently bought and sold shares of the company. Axxcess Wealth Management LLC purchased a new position in Banco BBVA Argentina during the third quarter worth approximately $150,000. Autonomy Capital Jersey L.P. raised its stake in Banco BBVA Argentina by 100.0% during the third quarter. Autonomy Capital Jersey L.P. now owns 40,000 shares of the bank’s stock worth $166,000 after purchasing an additional 20,000 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in Banco BBVA Argentina by 14.2% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 259,340 shares of the bank’s stock worth $1,076,000 after purchasing an additional 32,262 shares during the period.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Banco BBVA Argentina from a “hold” rating to a “buy” rating in a research report on Tuesday, March 12th.

Banco BBVA Argentina Stock Performance

Shares of Banco BBVA Argentina stock traded up $0.02 during trading hours on Tuesday, hitting $9.40. The company’s stock had a trading volume of 1,675,666 shares, compared to its average volume of 1,012,601. Banco BBVA Argentina S.A. has a 1-year low of $3.74 and a 1-year high of $9.86. The business has a fifty day moving average of $7.63 and a 200 day moving average of $5.91. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.25 and a quick ratio of 1.25.

Banco BBVA Argentina (NYSE:BBAR) last released its quarterly earnings data on Tuesday, March 5th. The bank reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.50. Banco BBVA Argentina had a net margin of 4.55% and a return on equity of 11.32%. The company had revenue of $2.67 billion during the quarter, compared to analyst estimates of $592.18 million. During the same quarter in the prior year, the business earned $0.53 earnings per share. On average, equities research analysts predict that Banco BBVA Argentina S.A. will post 1.48 earnings per share for the current fiscal year.

Banco BBVA Argentina Increases Dividend

The company also recently declared a — dividend, which was paid on Tuesday, March 19th. Investors of record on Friday, January 1st were issued a dividend of $0.1131 per share. This is a positive change from Banco BBVA Argentina’s previous — dividend of $0.06. The ex-dividend date was Friday, March 8th. Banco BBVA Argentina’s dividend payout ratio (DPR) is presently 4.55%.

Banco BBVA Argentina Company Profile

Banco BBVA Argentina SA provides various banking products and services to individuals and companies in Argentina. It provides retail banking products and services, such as checking and savings accounts, time deposits, credit cards, consumer and pledge loans, mortgages, insurance, and investment products to individuals; and small and medium-sized companies products and services, including financing products, factoring, checking accounts, time deposits, transactional and payroll services, insurance, and investment products to private-sector companies.