Wall Street Zen cut shares of BBVA Banco Frances (NYSE:BBAR – Free Report) from a buy rating to a hold rating in a report issued on Saturday,Wall Street Zen reports.
BBAR has been the topic of several other research reports. Citigroup lowered shares of BBVA Banco Frances from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 2nd. Weiss Ratings upgraded shares of BBVA Banco Frances from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Finally, UBS Group reduced their price objective on shares of BBVA Banco Frances from $20.00 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, October 13th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, BBVA Banco Frances has a consensus rating of “Moderate Buy” and an average price target of $15.00.
Get Our Latest Stock Analysis on BBAR
BBVA Banco Frances Trading Up 5.3%
NYSE:BBAR opened at $13.17 on Friday. The stock’s 50 day moving average price is $13.87 and its 200 day moving average price is $16.35. BBVA Banco Frances has a 52 week low of $10.00 and a 52 week high of $22.47. The company has a market capitalization of $2.69 billion, a P/E ratio of 12.91 and a beta of 0.90. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.06 and a current ratio of 1.06.
BBVA Banco Frances (NYSE:BBAR – Get Free Report) last issued its quarterly earnings data on Friday, August 14th. The bank reported $0.42 earnings per share for the quarter. The firm 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%. On average, research analysts forecast that BBVA Banco Frances will post 1.71 EPS for the current fiscal year.
Institutional Investors Weigh In On BBVA Banco Frances
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. XP Advisory US Inc. bought a new stake in BBVA Banco Frances during the second quarter worth approximately $63,000. Carter Financial Group INC. acquired a new position in BBVA Banco Frances during the first quarter valued at approximately $150,000. OceanIQ Capital LLC bought a new position in shares of BBVA Banco Frances in the second quarter valued at approximately $249,000. NewEdge Advisors LLC bought a new position in shares of BBVA Banco Frances in the second quarter valued at approximately $311,000. Finally, Robeco Institutional Asset Management B.V. bought a new position in shares of BBVA Banco Frances in the third quarter valued at approximately $4,617,000.
BBVA Banco Frances Company Profile
BBVA Banco Francés, now known as Banco BBVA Argentina SA, is an Argentine financial institution that operates as part of the global BBVA Group. The bank traces its origins to Banco Francés del Río de la Plata, founded in 1886, and adopted the BBVA Argentina name as part of the broader BBVA brand integration.
The company provides banking and financial services to individuals, small and medium-sized businesses, corporations and public-sector customers in Argentina. Its offerings include checking and savings accounts, consumer and commercial loans, credit and debit cards, payment services, foreign-exchange services, investment products and digital banking tools.
BBVA Argentina serves customers through a combination of branches, automated banking facilities and online and mobile channels.
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