Banco BBVA Argentina (NYSE:BBAR) Shares Up 7.7% – Still a Buy?

Banco BBVA Argentina S.A. (NYSE:BBAR) shares rose 7.7% during trading on Monday . The company traded as high as $24.29 and last traded at $23.98. Approximately 1,383,556 shares were traded during mid-day trading, a decline of 8% from the average daily volume of 1,507,589 shares. The stock had previously closed at $22.26.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on BBAR shares. StockNews.com cut shares of Banco BBVA Argentina from a “buy” rating to a “hold” rating in a report on Tuesday, December 24th. Morgan Stanley raised Banco BBVA Argentina from an “underweight” rating to an “overweight” rating and set a $27.00 price objective for the company in a research report on Monday, December 16th.

Banco BBVA Argentina Stock Up 4.8 %

The firm has a market cap of $4.76 billion, a P/E ratio of 12.15 and a beta of 1.42. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.90 and a current ratio of 0.99. The firm’s fifty day moving average is $17.01 and its 200 day moving average is $12.56.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in BBAR. GAMMA Investing LLC grew its stake in shares of Banco BBVA Argentina by 123.8% in the fourth quarter. GAMMA Investing LLC now owns 4,171 shares of the bank’s stock valued at $79,000 after acquiring an additional 2,307 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Banco BBVA Argentina in the third quarter valued at approximately $136,000. Truist Financial Corp bought a new stake in shares of Banco BBVA Argentina in the second quarter valued at approximately $167,000. GSA Capital Partners LLP acquired a new stake in Banco BBVA Argentina during the third quarter worth approximately $237,000. Finally, SG Americas Securities LLC acquired a new stake in Banco BBVA Argentina during the third quarter worth approximately $246,000.

Banco BBVA Argentina 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.