BBVA Banco Frances (NYSE:BBAR) Posts Earnings Results, Beats Estimates By $0.10 EPS

BBVA Banco Frances (NYSE:BBAR – Get Free Report) announced its quarterly earnings data on Tuesday. The bank reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.10, Zacks reports. BBVA Banco Frances had a return on equity of 6.55% and a net margin of 3.70%.The company had revenue of $822.07 million during the quarter, compared to the consensus estimate of $686.31 million.

BBVA Banco Frances Stock Up 8.8%

BBAR opened at $16.63 on Wednesday. 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 has a fifty-two week low of $7.76 and a fifty-two week high of $21.90. The firm’s fifty day moving average is $15.11 and its 200 day moving average is $16.29. The stock has a market cap of $3.40 billion, a price-to-earnings ratio of 20.04 and a beta of 0.92.

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BBVA Banco Frances Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, April 27th. Investors of record on Monday, April 20th were paid a dividend of $0.0382 per share. This is a positive change from BBVA Banco Frances’s previous monthly dividend of $0.04. The ex-dividend date was Monday, April 20th. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%. BBVA Banco Frances’s dividend payout ratio is presently 54.22%.

Institutional Trading of BBVA Banco Frances

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. raised its stake in BBVA Banco Frances by 54,175.0% during the 4th 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 during the period. Van ECK Associates Corp purchased a new position in BBVA Banco Frances during the fourth quarter valued at $150,000. Barclays PLC boosted its stake in BBVA Banco Frances by 78.0% during the fourth quarter. Barclays PLC now owns 10,973 shares of the bank’s stock valued at $198,000 after buying an additional 4,808 shares during the last quarter. Schonfeld Strategic Advisors LLC bought a new position in BBVA Banco Frances during the fourth quarter valued at approximately $224,000. Finally, Virtu Financial LLC bought a new position in BBVA Banco Frances during the third quarter valued at approximately $109,000.

About BBVA Banco Frances

(Get Free Report)

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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