Wall Street Zen Upgrades BBVA Banco Frances (NYSE:BBAR) to Buy

by · The Cerbat Gem

BBVA Banco Frances (NYSE:BBAR – Get Free Report) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

BBAR has been the subject of a number of other research reports. UBS Group boosted their target price on BBVA Banco Frances from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday, July 10th. Weiss Ratings restated a “hold (c-)” rating on shares of BBVA Banco Frances in a research report on Tuesday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned 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 target price of $18.50.

Read Our Latest Stock Report on BBAR

BBVA Banco Frances Price Performance

BBAR stock opened at $18.90 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.04 and a current ratio of 1.10. BBVA Banco Frances has a 52 week low of $7.76 and a 52 week high of $22.47. The firm’s fifty day moving average is $19.33 and its 200 day moving average is $17.19. The firm has a market cap of $3.86 billion, a P/E ratio of 23.05 and a beta of 1.02.

BBVA Banco Frances (NYSE:BBAR – Get Free Report) last posted its quarterly earnings results on Friday, May 15th. The bank reported $0.28 earnings per share for the quarter. BBVA Banco Frances had a net margin of 3.44% and a return on equity of 6.27%. The business had revenue of $822.07 million during the quarter. Research analysts predict that BBVA Banco Frances will post 1.59 earnings per share for the current year.

Institutional Investors Weigh In On BBVA Banco Frances

Several institutional investors and hedge funds have recently bought and sold shares of the business. Carter Financial Group INC. bought a new stake in shares of BBVA Banco Frances in the 1st quarter worth approximately $150,000. Alpine Global Management LLC bought a new position in shares of BBVA Banco Frances during the fourth quarter valued at approximately $4,042,000. PointState Capital LP lifted its stake in BBVA Banco Frances by 60.5% in the fourth quarter. PointState Capital LP now owns 2,668,038 shares of the bank’s stock worth $48,211,000 after acquiring an additional 1,005,978 shares during the period. Millennium Management LLC lifted its stake in BBVA Banco Frances by 3,633.8% in the fourth quarter. Millennium Management LLC now owns 613,832 shares of the bank’s stock worth $11,092,000 after acquiring an additional 597,392 shares during the period. Finally, Schonfeld Strategic Advisors LLC bought a new stake in BBVA Banco Frances in the fourth quarter valued at $224,000.

About BBVA Banco Frances

(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.

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