BBVA Banco Frances S.A. (NYSE:BBAR – Get Free Report) shares traded down 7.9% on Thursday . The stock traded as low as $19.33 and last traded at $19.2150. Approximately 305,207 shares traded hands during mid-day trading, a decline of 56% from the average session volume of 691,118 shares. The stock had previously closed at $20.87.
Wall Street Analyst Weigh In
BBAR has been the topic of several analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of BBVA Banco Frances in a report on Tuesday, July 14th. UBS Group boosted their price objective on shares of BBVA Banco Frances from $18.00 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, July 10th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $18.50.
Check Out Our Latest Stock Report on BBAR
BBVA Banco Frances Stock Down 0.1%
BBVA Banco Frances (NYSE:BBAR – Get Free Report) last announced its earnings results on Friday, May 15th. The bank reported $0.28 earnings per share for the quarter. The firm had revenue of $822.07 million during the quarter. BBVA Banco Frances had a return on equity of 6.27% and a net margin of 3.44%. On average, analysts predict that BBVA Banco Frances S.A. will post 1.59 earnings per share for the current year.
BBVA Banco Frances Announces Dividend
The firm also recently disclosed a monthly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, June 12th were given a $0.0131 dividend. This represents a c) annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, June 12th. BBVA Banco Frances’s dividend payout ratio is currently 100.00%.
Hedge Funds Weigh In On BBVA Banco Frances
Institutional investors and hedge funds have recently bought and sold shares of the stock. 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 last quarter. Virtu Financial LLC acquired a new stake in BBVA Banco Frances in the 3rd quarter worth $109,000. Carter Financial Group INC. bought a new position in shares of BBVA Banco Frances during the 1st quarter worth about $150,000. Van ECK Associates Corp acquired a new position in shares of BBVA Banco Frances during the fourth quarter valued at about $150,000. Finally, Barclays PLC lifted its stake in shares of BBVA Banco Frances by 78.0% in 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 period.
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.
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