BBVA Banco Frances S.A. (NYSE:BBAR) Given Consensus Recommendation of “Moderate Buy” by Analysts

by · The Markets Daily

Shares of BBVA Banco Frances S.A. (NYSE:BBAR – Get Free Report) have received an average rating of “Moderate Buy” from the seven ratings firms that are covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $18.50.

Several brokerages have recently weighed in on BBAR. UBS Group upped their target price on shares of BBVA Banco Frances from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday, July 10th. Wall Street Zen raised shares of BBVA Banco Frances from a “hold” rating to a “buy” rating in a research note on Sunday, September 6th. Weiss Ratings cut shares of BBVA Banco Frances from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, September 14th. Finally, Citigroup downgraded BBVA Banco Frances from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 2nd.

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BBVA Banco Frances Stock Performance

Shares of NYSE:BBAR opened at $14.23 on Wednesday. The business’s 50-day simple moving average is $16.66 and its 200 day simple moving average is $16.60. The company has a market cap of $2.91 billion, a P/E ratio of 13.95 and a beta of 0.93. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.10 and a current ratio of 1.06. BBVA Banco Frances has a one year low of $7.76 and a one year high of $22.47.

BBVA Banco Frances (NYSE:BBAR – Get Free Report) last released its quarterly earnings results on Friday, August 14th. The bank reported $0.42 earnings per share for the quarter. BBVA Banco Frances had a return on equity of 7.56% and a net margin of 4.16%.The firm had revenue of $716.56 million during the quarter.

Institutional Investors Weigh In On BBVA Banco Frances

A number of hedge funds have recently bought and sold shares of BBAR. XP Advisory US Inc. bought a new stake in BBVA Banco Frances in the second quarter valued at about $63,000. Carter Financial Group INC. bought a new position in BBVA Banco Frances during the 1st quarter worth approximately $150,000. OceanIQ Capital LLC acquired a new position in shares of BBVA Banco Frances in the 2nd quarter worth approximately $249,000. Banco BTG Pactual S.A. acquired a new position in shares of BBVA Banco Frances in the 4th quarter worth approximately $266,000. Finally, NewEdge Advisors LLC bought a new stake in shares of BBVA Banco Frances in the 2nd quarter valued at approximately $311,000.

About BBVA Banco Frances

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BBVA Banco Francés, now operating as BBVA Argentina SA under the BBVA brand, is a banking institution serving individuals, businesses and corporate customers in Argentina. It is part of the Spanish BBVA Group, a global financial services organization.

The bank provides a range of retail and commercial banking products, including deposit accounts, personal and business loans, credit and debit cards, payment services, insurance and investment-related services. It also offers digital banking channels and financial solutions for companies and institutional clients.

The institution traces its history to Banco Francés del Río de la Plata, founded in Argentina in 1886.

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