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

Shares of BBVA Banco Frances S.A. (NYSE:BBAR) have received a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $17.50.

Institutional Investors Weigh In On BBVA Banco Frances

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BBAR. Fourth Sail Capital LP raised its holdings in shares of BBVA Banco Frances by 6.7% in the fourth quarter. Fourth Sail Capital LP now owns 2,847,061 shares of the bank’s stock valued at $51,446,000 after acquiring an additional 177,799 shares in the last quarter. PointState Capital LP grew its holdings in BBVA Banco Frances by 60.5% during the 4th quarter. PointState Capital LP now owns 2,668,038 shares of the bank’s stock worth $48,211,000 after acquiring an additional 1,005,978 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in BBVA Banco Frances by 9.8% during 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 purchasing an additional 180,137 shares during the period. Samlyn Capital LLC raised its holdings in shares of BBVA Banco Frances by 6.6% in the 3rd quarter. Samlyn Capital LLC now owns 1,944,429 shares of the bank’s stock valued at $16,178,000 after purchasing an additional 120,185 shares in the last quarter. Finally, Aquamarine Financial Cayman Ltd raised its holdings in shares of BBVA Banco Frances by 103.8% in the 4th quarter. Aquamarine Financial Cayman Ltd now owns 1,141,305 shares of the bank’s stock valued at $20,623,000 after purchasing an additional 581,305 shares in the last quarter.

BBVA Banco Frances Price Performance

Shares of BBVA Banco Frances stock opened at $20.09 on Friday. The company has a market capitalization of $4.10 billion, a price-to-earnings ratio of 24.50 and a beta of 1.00. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 0.31. The stock’s 50-day simple moving average is $17.61 and its 200-day simple moving average is $17.02. BBVA Banco Frances has a 52 week low of $7.76 and a 52 week high of $22.47.

BBVA Banco Frances (NYSE:BBAR) last released its quarterly earnings data on Friday, May 15th. The bank reported $0.28 EPS for the quarter. The business had revenue of $822.07 million during the quarter. BBVA Banco Frances had a net margin of 3.44% and a return on equity of 6.27%. As a group, analysts expect that BBVA Banco Frances will post 1.59 earnings per share for the current fiscal year.

BBVA Banco Frances Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, June 12th were issued a $0.0131 dividend. This represents a c) annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Friday, June 12th. BBVA Banco Frances’s dividend payout ratio is presently 113.41%.

BBVA Banco Frances Company Profile

BBVA Banco Francés is one of Argentina’s leading financial institutions, operating as a subsidiary of the global banking group BBVA. The bank provides a full range of retail and commercial banking services to individuals, small and medium?sized enterprises, large corporations and institutional clients. Its product suite spans deposit accounts, mortgages, personal and auto loans, credit and debit cards, transactional banking and digital solutions designed to meet the evolving needs of customers in both urban and regional markets.

Founded in Buenos Aires in the late 19th century, Banco Francés has developed a longstanding presence in Argentina’s financial sector.