BBVA Banco Frances S.A. (NYSE:BBAR – Get Free Report)’s stock price was down 5.7% during trading on Friday . The stock traded as low as $15.37 and last traded at $15.3410. Approximately 357,474 shares changed hands during trading, a decline of 48% from the average daily volume of 681,364 shares. The stock had previously closed at $16.26.
BBVA Banco Frances Price Performance
The company has a market cap of $3.12 billion, a P/E ratio of 18.37 and a beta of 0.92. The company has a fifty day moving average price of $15.02 and a two-hundred day moving average price of $16.31. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.04 and a current ratio of 1.04.
BBVA Banco Frances (NYSE:BBAR – Get Free Report) last released its earnings results on Wednesday, March 4th. The bank reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.16). BBVA Banco Frances had a return on equity of 6.55% and a net margin of 3.70%.The company had revenue of $337.36 million for the quarter, compared to the consensus estimate of $874.92 billion. On average, sell-side analysts anticipate that BBVA Banco Frances S.A. will post 1.59 earnings per share for the current fiscal year.
BBVA Banco Frances Increases Dividend
Institutional Trading of BBVA Banco Frances
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its stake in BBVA Banco Frances by 66.2% in the first quarter. NewEdge Advisors LLC now owns 24,523 shares of the bank’s stock valued at $444,000 after acquiring an additional 9,764 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of BBVA Banco Frances by 17.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 93,265 shares of the bank’s stock worth $1,690,000 after purchasing an additional 13,594 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of 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 purchasing an additional 112,161 shares during the period. 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 purchasing an additional 180,137 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in BBVA Banco Frances by 229.9% in the 2nd quarter. Bank of America Corp DE now owns 60,156 shares of the bank’s stock valued at $990,000 after purchasing 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.
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