BBVA Banco Frances (NYSE:BBAR) Rating Lowered to Strong Sell at Zacks Research

BBVA Banco Frances (NYSE:BBAR) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other equities research analysts have also recently commented on BBAR. Itau BBA Securities started coverage on shares of BBVA Banco Frances in a report on Tuesday, May 20th. They set a “market perform” rating and a $18.00 price target on the stock. Wall Street Zen upgraded shares of BBVA Banco Frances from a “sell” rating to a “hold” rating in a report on Sunday. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $22.50.

BBVA Banco Frances Price Performance

Shares of BBAR opened at $9.23 on Monday. The stock has a market cap of $1.89 billion, a PE ratio of 6.89 and a beta of 1.30. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.05 and a current ratio of 1.11. BBVA Banco Frances has a fifty-two week low of $9.19 and a fifty-two week high of $25.01. The firm’s 50-day simple moving average is $14.79 and its two-hundred day simple moving average is $17.47.

BBVA Banco Frances (NYSE:BBAR) last announced its quarterly earnings data on Wednesday, August 20th. The bank reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.13). The business had revenue of $524.41 million during the quarter, compared to analysts’ expectations of $727.31 billion. BBVA Banco Frances had a return on equity of 10.24% and a net margin of 6.65%. Analysts anticipate that BBVA Banco Frances will post 1.94 earnings per share for the current fiscal year.

Institutional Trading of BBVA Banco Frances

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. PointState Capital LP increased its holdings in BBVA Banco Frances by 36.1% in the 1st quarter. PointState Capital LP now owns 3,346,539 shares of the bank’s stock valued at $60,639,000 after acquiring an additional 888,235 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in BBVA Banco Frances by 9.8% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,021,521 shares of the bank’s stock valued at $33,274,000 after acquiring an additional 180,137 shares during the last quarter. Samlyn Capital LLC increased its holdings in BBVA Banco Frances by 30.8% in the 1st quarter. Samlyn Capital LLC now owns 1,852,539 shares of the bank’s stock valued at $33,568,000 after acquiring an additional 435,692 shares during the last quarter. Fourth Sail Capital LP bought a new stake in BBVA Banco Frances in the 2nd quarter valued at $29,399,000. Finally, Ping Capital Management Inc. increased its holdings in BBVA Banco Frances by 6.5% in the 2nd quarter. Ping Capital Management Inc. now owns 745,900 shares of the bank’s stock valued at $12,278,000 after acquiring an additional 45,600 shares during the last quarter.

About BBVA Banco Frances

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.