BBVA Banco Frances (NYSE:BBAR) Upgraded to Hold at Wall Street Zen

by · The Cerbat Gem

BBVA Banco Frances (NYSE:BBAR – Get Free Report) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

BBAR has been the subject of several other reports. Weiss Ratings reiterated a “hold (c)” rating on shares of BBVA Banco Frances in a research report on Wednesday, October 8th. The Goldman Sachs Group raised shares of BBVA Banco Frances to a “strong-buy” rating in a research note on Monday, November 10th. Citigroup raised shares of BBVA Banco Frances from a “neutral” rating to a “buy” rating in a research report on Monday, November 3rd. Itau BBA Securities upgraded shares of BBVA Banco Frances from a “market perform” rating to an “outperform” rating in a report on Monday, October 27th. Finally, UBS Group initiated coverage on shares of BBVA Banco Frances in a research note on Wednesday, November 19th. They issued a “hold” rating and a $18.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, BBVA Banco Frances presently has a consensus rating of “Moderate Buy” and an average price target of $20.00.

View Our Latest Report on BBVA Banco Frances

BBVA Banco Frances Trading Up 1.5%

Shares of BBAR traded up $0.24 during trading hours on Friday, reaching $16.16. The stock had a trading volume of 743,351 shares, compared to its average volume of 964,343. The company has a market cap of $3.30 billion, a P/E ratio of 12.06 and a beta of 1.19. BBVA Banco Frances has a 52 week low of $7.76 and a 52 week high of $25.01. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.27. The firm has a 50-day moving average of $12.38 and a 200 day moving average of $14.67.

BBVA Banco Frances (NYSE:BBAR – Get Free Report) last posted its earnings results on Tuesday, November 25th. The bank reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.07). BBVA Banco Frances had a net margin of 6.65% and a return on equity of 10.24%. The business had revenue of $512.44 million during the quarter, compared to analyst estimates of $871.10 billion. On average, sell-side analysts expect that BBVA Banco Frances will post 1.94 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Banco BTG Pactual S.A. acquired a new position in shares of BBVA Banco Frances during the 1st quarter worth approximately $362,000. Walleye Capital LLC bought a new position in shares of BBVA Banco Frances in the first quarter valued at $637,000. PointState Capital LP grew its stake in shares of BBVA Banco Frances by 36.1% in the first quarter. PointState Capital LP now owns 3,346,539 shares of the bank’s stock valued at $60,639,000 after buying an additional 888,235 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in BBVA Banco Frances by 6.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,841,384 shares of the bank’s stock worth $33,366,000 after buying an additional 107,599 shares during the last quarter. Finally, Candriam S.C.A. bought a new stake in BBVA Banco Frances during the first quarter worth $1,214,000.

BBVA Banco Frances Company Profile

(Get Free Report)

Banco BBVA Argentina SA provides various banking products and services to individuals and companies in Argentina. The company provides retail banking products and services, such as checking and savings accounts, time deposits, credit cards financing, consumer and pledge loans, mortgages, insurance, and investment products to individuals; and small and medium-sized companies products and services, including financing products, factoring, checking accounts, time deposits, transactional and payroll services, insurance, and investment products to private-sector companies.

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