BBVA Banco Frances (NYSE:BBAR) Releases Earnings Results, Beats Estimates By $0.01 EPS

BBVA Banco Frances (NYSE:BBAR) released its quarterly earnings data on Thursday. The bank reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.01, Zacks reports. The business had revenue of $690.78 million for the quarter, compared to analyst estimates of $738.77 million. BBVA Banco Frances had a return on equity of 7.80% and a net margin of 4.16%.

BBVA Banco Frances Stock Down 0.6%

Shares of NYSE:BBAR opened at $14.51 on Friday. The business has a fifty day simple moving average of $18.14 and a 200 day simple moving average of $16.78. BBVA Banco Frances has a 12-month low of $7.76 and a 12-month high of $22.47. The firm has a market cap of $2.96 billion, a P/E ratio of 14.23 and a beta of 1.02. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.31.

BBVA Banco Frances Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, June 12th were paid a $0.0131 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a c) annualized dividend and a dividend yield of 1.1%. BBVA Banco Frances’s payout ratio is currently 102.44%.

Institutional Trading of BBVA Banco Frances

Institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its position in shares of BBVA Banco Frances by 54,175.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,171 shares of the bank’s stock worth $39,000 after acquiring an additional 2,167 shares in the last quarter. Van ECK Associates Corp bought a new stake in BBVA Banco Frances in the fourth quarter worth approximately $150,000. Barclays PLC lifted its stake in BBVA Banco Frances by 78.0% in the fourth quarter. Barclays PLC now owns 10,973 shares of the bank’s stock valued at $198,000 after buying an additional 4,808 shares during the period. Schonfeld Strategic Advisors LLC bought a new position in shares of BBVA Banco Frances during the 4th quarter worth approximately $224,000. Finally, Virtu Financial LLC acquired a new stake in shares of BBVA Banco Frances during the 3rd quarter worth approximately $109,000.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BBAR. Weiss Ratings restated a “hold (c-)” rating on shares of BBVA Banco Frances in a research note on Tuesday, July 14th. UBS Group boosted their target price on shares of BBVA Banco Frances from $18.00 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, July 10th. Finally, Wall Street Zen downgraded BBVA Banco Frances from a “buy” rating to a “hold” rating in a report on Saturday. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, BBVA Banco Frances presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.50.

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.