BBVA Banco Frances (NYSE:BBAR) Upgraded to Strong-Buy at Hsbc Global Res

BBVA Banco Frances (NYSE:BBAR) was upgraded by stock analysts at Hsbc Global Res to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

A number of other equities research analysts have also recently commented on BBAR. Citigroup cut shares of BBVA Banco Frances from a “buy” rating to a “hold” rating in a research note on Thursday, September 11th. Wall Street Zen upgraded shares of BBVA Banco Frances from a “sell” rating to a “hold” rating in a research report on Sunday, September 7th. Zacks Research cut shares of BBVA Banco Frances from a “hold” rating to a “strong sell” rating in a report on Monday, September 8th. Finally, HSBC raised shares of BBVA Banco Frances from a “hold” rating to a “buy” rating and lowered their target price for the stock from $21.00 to $17.00 in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, BBVA Banco Frances currently has an average rating of “Moderate Buy” and an average target price of $20.67.

BBVA Banco Frances Price Performance

NYSE:BBAR opened at $8.25 on Wednesday. The firm’s fifty day moving average is $12.60 and its two-hundred day moving average is $16.37. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of 6.15 and a beta of 1.13. 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 one year low of $7.76 and a one year high of $25.01.

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

Institutional Investors Weigh In On BBVA Banco Frances

Institutional investors have recently bought and sold shares of the company. SBI Securities Co. Ltd. increased its stake in BBVA Banco Frances by 199.9% during the 2nd quarter. SBI Securities Co. Ltd. now owns 2,381 shares of the bank’s stock worth $39,000 after buying an additional 1,587 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of BBVA Banco Frances by 27.1% in the first quarter. GAMMA Investing LLC now owns 5,303 shares of the bank’s stock worth $96,000 after acquiring an additional 1,132 shares during the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of BBVA Banco Frances during the first quarter worth approximately $211,000. Private Advisor Group LLC acquired a new position in BBVA Banco Frances in the 1st quarter valued at $224,000. Finally, BNP Paribas Financial Markets lifted its holdings in BBVA Banco Frances by 123.3% in the 2nd quarter. BNP Paribas Financial Markets now owns 15,301 shares of the bank’s stock valued at $252,000 after purchasing an additional 8,450 shares in the last quarter.

BBVA Banco Frances Company Profile

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.