BBVA Banco Frances (NYSE:BBAR) Stock Price Up 8% – Here’s What Happened

BBVA Banco Frances S.A. (NYSE:BBAR) shot up 8% during trading on Wednesday . The company traded as high as $15.53 and last traded at $15.5260. 655,160 shares were traded during trading, a decline of 32% from the average session volume of 960,072 shares. The stock had previously closed at $14.38.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on BBAR shares. UBS Group started 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. Hsbc Global Res upgraded shares of BBVA Banco Frances to a “strong-buy” rating in a report on Wednesday, October 1st. Citigroup upgraded BBVA Banco Frances from a “neutral” rating to a “buy” rating in a research note on Monday, November 3rd. Zacks Research raised BBVA Banco Frances from a “strong sell” rating to a “hold” rating in a research report on Monday, November 3rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of BBVA Banco Frances in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $20.00.

BBVA Banco Frances Stock Up 10.7%

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 market capitalization of $3.25 billion, a price-to-earnings ratio of 11.88 and a beta of 1.19. The stock has a 50 day moving average of $12.22 and a 200 day moving average of $14.71.

BBVA Banco Frances (NYSE:BBAR) last announced its quarterly earnings data on Tuesday, November 25th. The bank reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.07). The firm had revenue of $512.44 million for the quarter, compared to analyst estimates of $871.10 billion. BBVA Banco Frances had a net margin of 6.65% and a return on equity of 10.24%. As a group, analysts expect that BBVA Banco Frances S.A. will post 1.94 earnings per share for the current fiscal year.

BBVA Banco Frances Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 21st will be issued a $0.033 dividend. This is a boost from BBVA Banco Frances’s previous monthly dividend of $0.03. 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. BBVA Banco Frances’s dividend payout ratio is presently 41.05%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BBAR. Redhawk Wealth Advisors Inc. grew its position 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 valued at $860,000 after buying an additional 1,278 shares during the last quarter. SBI Securities Co. Ltd. grew its holdings in shares of BBVA Banco Frances by 199.9% during the second 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 last quarter. Clear Creek Financial Management LLC raised its position in shares of BBVA Banco Frances by 10.9% during the 3rd quarter. Clear Creek Financial Management LLC now owns 39,519 shares of the bank’s stock worth $329,000 after purchasing an additional 3,890 shares during the period. Benjamin Edwards Inc. lifted its holdings in shares of 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 during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of BBVA Banco Frances by 123.3% in the 2nd quarter. BNP Paribas Financial Markets now owns 15,301 shares of the bank’s stock worth $252,000 after purchasing an additional 8,450 shares during 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.