Shares of Banco BBVA Argentina S.A. (NYSE:BBAR – Get Free Report) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $10.54 and last traded at $10.49, with a volume of 1647292 shares. The stock had previously closed at $9.60.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised Banco BBVA Argentina from a “hold” rating to a “buy” rating in a research note on Tuesday, March 12th.
Get Our Latest Analysis on BBAR
Banco BBVA Argentina Trading Up 9.3 %
Banco BBVA Argentina (NYSE:BBAR – Get Free Report) last released its earnings results on Tuesday, March 5th. The bank reported $0.59 EPS for the quarter, beating the consensus estimate of $0.09 by $0.50. The firm had revenue of $2.67 billion for the quarter, compared to analysts’ expectations of $592.18 million. Banco BBVA Argentina had a net margin of 4.55% and a return on equity of 11.32%. During the same quarter last year, the company earned $0.53 EPS. Sell-side analysts anticipate that Banco BBVA Argentina S.A. will post 1.48 EPS for the current year.
Banco BBVA Argentina Increases Dividend
The company also recently announced a — dividend, which was paid on Tuesday, March 19th. Investors of record on Friday, January 1st were issued a dividend of $0.1131 per share. This is a boost from Banco BBVA Argentina’s previous — dividend of $0.06. The ex-dividend date of this dividend was Friday, March 8th. Banco BBVA Argentina’s payout ratio is presently 4.55%.
Hedge Funds Weigh In On Banco BBVA Argentina
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in Banco BBVA Argentina by 43.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 370,918 shares of the bank’s stock valued at $2,018,000 after buying an additional 111,578 shares in the last quarter. Axxcess Wealth Management LLC acquired a new position in shares of Banco BBVA Argentina in the 3rd quarter worth approximately $150,000. Autonomy Capital Jersey L.P. raised its holdings in shares of Banco BBVA Argentina by 100.0% in the 3rd quarter. Autonomy Capital Jersey L.P. now owns 40,000 shares of the bank’s stock worth $166,000 after purchasing an additional 20,000 shares in the last quarter. Glenorchy Capital Ltd acquired a new stake in Banco BBVA Argentina during the fourth quarter valued at approximately $1,937,000. Finally, Fourth Sail Capital LP bought a new stake in Banco BBVA Argentina during the first quarter worth approximately $11,467,000.
Banco BBVA Argentina Company Profile
Banco BBVA Argentina SA provides various banking products and services to individuals and companies in Argentina. It provides retail banking products and services, such as checking and savings accounts, time deposits, credit cards, 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.
Further Reading
- Five stocks we like better than Banco BBVA Argentina
- How to Most Effectively Use the MarketBeat Earnings Screener
- MarketBeat Week in Review – 4/29 – 5/3
- How to Start Investing in Real Estate
- Apple’s Earnings Show Investors Its Strength and Its Weakness
- What is Put Option Volume?
- Bargain Alert: 3 Large Caps With Extremely Oversold RSIs
Receive News & Ratings for Banco BBVA Argentina Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco BBVA Argentina and related companies with MarketBeat.com's FREE daily email newsletter.