BBVA Banco Frances S.A. (NYSE:BBAR) Receives $17.67 Average PT from Analysts

BBVA Banco Frances S.A. (NYSE:BBARGet Free Report) has received a consensus recommendation of “Moderate Buy” from the seven brokerages that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $17.50.

BBVA Banco Frances Stock Performance

NYSE BBAR opened at $14.87 on Thursday. BBVA Banco Frances has a twelve month low of $7.76 and a twelve month high of $22.89. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.17. The stock has a market cap of $3.04 billion, a P/E ratio of 17.91 and a beta of 0.92. The company’s 50-day simple moving average is $14.98 and its 200 day simple moving average is $16.32.

BBVA Banco Frances (NYSE:BBARGet Free Report) last released its quarterly earnings data on Wednesday, March 4th. The bank reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.16). BBVA Banco Frances had a net margin of 3.70% and a return on equity of 6.55%. The company had revenue of $337.36 million for the quarter, compared to analyst estimates of $874.92 billion. As a group, research analysts forecast that BBVA Banco Frances will post 1.59 earnings per share for the current fiscal year.

BBVA Banco Frances Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, April 27th. Shareholders of record on Monday, April 20th were paid a dividend of $0.0382 per share. This is an increase from BBVA Banco Frances’s previous monthly dividend of $0.04. This represents a c) annualized dividend and a yield of 3.1%. The ex-dividend date was Monday, April 20th. BBVA Banco Frances’s dividend payout ratio is currently 54.22%.

Institutional Investors Weigh In On BBVA Banco Frances

Several institutional investors and hedge funds have recently made changes to their positions in BBAR. Fourth Sail Capital LP increased its position in shares of BBVA Banco Frances by 6.7% during the 4th quarter. Fourth Sail Capital LP now owns 2,847,061 shares of the bank’s stock worth $51,446,000 after purchasing an additional 177,799 shares in the last quarter. PointState Capital LP grew its stake in BBVA Banco Frances by 60.5% during the fourth quarter. PointState Capital LP now owns 2,668,038 shares of the bank’s stock worth $48,211,000 after buying an additional 1,005,978 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of BBVA Banco Frances by 9.8% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,021,521 shares of the bank’s stock worth $33,274,000 after buying an additional 180,137 shares in the last quarter. Samlyn Capital LLC increased its holdings in shares of BBVA Banco Frances by 6.6% during the third quarter. Samlyn Capital LLC now owns 1,944,429 shares of the bank’s stock worth $16,178,000 after buying an additional 120,185 shares in the last quarter. Finally, Aquamarine Financial Cayman Ltd raised its stake in shares of BBVA Banco Frances by 103.8% in the fourth quarter. Aquamarine Financial Cayman Ltd now owns 1,141,305 shares of the bank’s stock valued at $20,623,000 after acquiring an additional 581,305 shares during the last quarter.

BBVA Banco Frances Company Profile

(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.

Further Reading

Analyst Recommendations for BBVA Banco Frances (NYSE:BBAR)

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