BBVA Banco Frances (NYSE:BBAR) Reaches New 1-Year Low – Time to Sell?

by · The Markets Daily

BBVA Banco Frances S.A. (NYSE:BBAR – Get Free Report) reached a new 52-week low on Monday. The company traded as low as $11.35 and last traded at $11.3530, with a volume of 199,424 shares. The stock had previously closed at $11.61.

Analyst Upgrades and Downgrades

A number of research analysts have commented on BBAR shares. UBS Group reduced their target price on BBVA Banco Frances from $20.00 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, October 13th. Wall Street Zen lowered shares of BBVA Banco Frances from a “buy” rating to a “hold” rating in a research report on Saturday, October 24th. Weiss Ratings downgraded BBVA Banco Frances from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, October 23rd. Finally, Citigroup lowered shares of BBVA Banco Frances from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $15.00.

View Our Latest Analysis on BBVA Banco Frances

BBVA Banco Frances Price Performance

The company has a debt-to-equity ratio of 0.33, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market capitalization of $2.29 billion, a P/E ratio of 11.01 and a beta of 0.90. The stock’s fifty day moving average is $13.59 and its 200-day moving average is $16.21.

BBVA Banco Frances (NYSE:BBAR – Get Free Report) last issued its quarterly earnings results on Friday, August 14th. The bank reported $0.42 earnings per share (EPS) for the quarter. The company had revenue of $835.60 million for the quarter. BBVA Banco Frances had a return on equity of 7.56% and a net margin of 4.16%. On average, equities analysts anticipate that BBVA Banco Frances S.A. will post 1.71 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Robeco Institutional Asset Management B.V. bought a new position in BBVA Banco Frances in the 3rd quarter worth approximately $4,617,000. Deltec Asset Management LLC raised its holdings in BBVA Banco Frances by 14.5% during the 3rd quarter. Deltec Asset Management LLC now owns 67,000 shares of the bank’s stock worth $861,000 after buying an additional 8,500 shares during the period. NewEdge Advisors LLC bought a new stake in shares of BBVA Banco Frances in the second quarter valued at about $311,000. XP Advisory US Inc. bought a new stake in shares of BBVA Banco Frances in the second quarter worth $63,000. Finally, OceanIQ Capital LLC bought a new position in shares of BBVA Banco Frances in the 2nd quarter valued at about $249,000.

About BBVA Banco Frances

(Get Free Report)

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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