BBVA Banco Frances S.A. (NYSE:BBAR) Declares Dividend Increase – $0.03 Per Share

BBVA Banco Frances S.A. (NYSE:BBAR) declared a monthly dividend on Tuesday, November 11th. Investors of record on Friday, November 21st will be given a dividend of 0.033 per share by the bank on Monday, December 1st. This represents a c) dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Friday, November 21st. This is a 6.3% increase from BBVA Banco Frances’s previous monthly dividend of $0.03.

BBVA Banco Frances has raised its dividend by an average of 0.4%per year over the last three years. BBVA Banco Frances has a payout ratio of 18.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect BBVA Banco Frances to earn $2.67 per share next year, which means the company should continue to be able to cover its $0.29 annual dividend with an expected future payout ratio of 10.9%.

BBVA Banco Frances Stock Up 1.3%

BBVA Banco Frances stock traded up $0.20 during midday trading on Wednesday, hitting $15.70. The stock had a trading volume of 619,135 shares, compared to its average volume of 967,942. The business has a fifty day moving average price of $10.96 and a 200 day moving average price of $15.04. BBVA Banco Frances has a 12 month low of $7.76 and a 12 month high of $25.01. The stock has a market cap of $3.21 billion, a P/E ratio of 11.72 and a beta of 1.19. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.27.

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

Institutional Trading of BBVA Banco Frances

Several hedge funds have recently added to or reduced their stakes in BBAR. Redhawk Wealth Advisors Inc. boosted its stake in shares of BBVA Banco Frances by 2.5% during the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 52,270 shares of the bank’s stock worth $860,000 after acquiring an additional 1,278 shares in the last quarter. SBI Securities Co. Ltd. boosted its position in shares of BBVA Banco Frances by 199.9% in the 2nd quarter. SBI Securities Co. Ltd. now owns 2,381 shares of the bank’s stock valued at $39,000 after purchasing an additional 1,587 shares during the period. Clear Creek Financial Management LLC boosted its position in shares of BBVA Banco Frances by 10.9% in the 3rd quarter. Clear Creek Financial Management LLC now owns 39,519 shares of the bank’s stock valued at $329,000 after purchasing an additional 3,890 shares during the period. Benjamin Edwards Inc. increased its stake in BBVA Banco Frances by 42.7% in the 3rd quarter. Benjamin Edwards Inc. now owns 26,071 shares of the bank’s stock worth $217,000 after purchasing an additional 7,803 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in BBVA Banco Frances by 123.3% during the 2nd quarter. BNP Paribas Financial Markets now owns 15,301 shares of the bank’s stock worth $252,000 after buying an additional 8,450 shares during the period.

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.