BBVA Banco Frances (NYSE:BBAR – Get Free Report) had its price objective decreased by equities research analysts at UBS Group from $20.00 to $15.00 in a report released on Tuesday, Benzinga reports. The brokerage presently has a “neutral” rating on the bank’s stock. UBS Group’s price objective suggests a potential upside of 15.47% from the stock’s current price.
A number of other research analysts have also commented on the stock. Wall Street Zen upgraded shares of BBVA Banco Frances from a “hold” rating to a “buy” rating in a research note on Sunday, September 6th. Weiss Ratings raised BBVA Banco Frances from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday. Finally, Citigroup downgraded shares of BBVA Banco Frances from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.00.
Check Out Our Latest Research Report on BBVA Banco Frances
BBVA Banco Frances Price Performance
BBVA Banco Frances (NYSE:BBAR – Get Free Report) last released its quarterly earnings results on Friday, August 14th. The bank reported $0.42 EPS for the quarter. The company had revenue of $835.60 million for the quarter. BBVA Banco Frances had a net margin of 4.16% and a return on equity of 7.56%. As a group, equities research analysts anticipate that BBVA Banco Frances will post 1.71 earnings per share for the current year.
Institutional Trading of BBVA Banco Frances
A number of hedge funds have recently modified their holdings of BBAR. XP Advisory US Inc. acquired a new position in BBVA Banco Frances during the second quarter valued at $63,000. Carter Financial Group INC. acquired a new stake in BBVA Banco Frances during the 1st quarter worth about $150,000. OceanIQ Capital LLC purchased a new position in BBVA Banco Frances during the 2nd quarter valued at about $249,000. NewEdge Advisors LLC acquired a new position in shares of BBVA Banco Frances in the 2nd quarter valued at about $311,000. Finally, Alpine Global Management LLC purchased a new stake in shares of BBVA Banco Frances in the fourth quarter worth approximately $4,042,000.
BBVA Banco Frances Company Profile
BBVA Banco Francés, now known as Banco BBVA Argentina SA, is an Argentine financial institution and a subsidiary of the global BBVA Group. The bank provides banking and financial services to individuals, businesses, corporations and institutional clients throughout Argentina.
Its offerings include checking and savings accounts, consumer and commercial lending, mortgages, credit and debit cards, investment products, foreign-exchange services, payments and cash-management solutions. Through its corporate and investment banking operations, the bank also serves large companies and institutions with financing, transaction banking and related advisory services.
The institution traces its origins to Banco Francés del Río de la Plata, founded in Argentina in 1886.
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