Shares of BBVA Banco Frances S.A. (NYSE:BBAR – Get Free Report) have received an average rating of “Moderate Buy” from the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $18.50.
A number of equities analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of BBVA Banco Frances from a “hold” rating to a “buy” rating in a report on Saturday. UBS Group upped their target price on shares of BBVA Banco Frances from $18.00 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, July 10th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of BBVA Banco Frances in a report on Tuesday, July 14th.
View Our Latest Research Report on BBAR
Hedge Funds Weigh In On BBVA Banco Frances
BBVA Banco Frances Trading Down 4.5%
Shares of BBAR stock opened at $18.90 on Tuesday. The business’s fifty day moving average price is $19.33 and its 200 day moving average price is $17.20. BBVA Banco Frances has a 1-year low of $7.76 and a 1-year high of $22.47. The firm has a market capitalization of $3.86 billion, a PE ratio of 23.05 and a beta of 1.00. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.10 and a quick ratio of 1.04.
BBVA Banco Frances (NYSE:BBAR – Get Free Report) last released its quarterly earnings data on Friday, May 15th. The bank reported $0.28 earnings per share (EPS) 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%. As a group, sell-side analysts forecast that BBVA Banco Frances will post 1.59 EPS for the current fiscal year.
BBVA Banco Frances Dividend Announcement
The company also recently disclosed a monthly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, June 12th were paid a $0.0131 dividend. This represents a c) annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Friday, June 12th. BBVA Banco Frances’s dividend payout ratio (DPR) is presently 109.76%.
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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