BBVA Banco Frances (NYSE:BBAR) Sets New 1-Year Low – Here’s What Happened

Shares of BBVA Banco Frances S.A. (NYSE:BBAR) hit a new 52-week low on Thursday. The stock traded as low as $10.22 and last traded at $10.4280, with a volume of 24,980 shares trading hands. The stock had previously closed at $10.66.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BBAR. Weiss Ratings lowered shares of BBVA Banco Frances from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, October 23rd. Wall Street Zen lowered BBVA Banco Frances from a “buy” rating to a “hold” rating in a research note on Saturday, October 24th. Citigroup cut BBVA Banco Frances from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 2nd. Finally, UBS Group dropped their price objective on BBVA Banco Frances from $20.00 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, October 13th. Three analysts have rated the stock with a Hold rating. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $15.00.

BBVA Banco Frances Stock Up 0.6%

The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.06 and a current ratio of 1.06. The firm’s 50-day moving average is $12.98 and its 200 day moving average is $15.93. The firm has a market capitalization of $2.19 billion, a PE ratio of 10.44 and a beta of 0.98.

BBVA Banco Frances (NYSE:BBAR) last issued its quarterly earnings data on Friday, August 14th. The bank reported $0.42 EPS for the quarter. BBVA Banco Frances had a net margin of 4.16% and a return on equity of 7.56%. The firm had revenue of $835.60 million for the quarter. As a group, research analysts forecast that BBVA Banco Frances S.A. will post 1.71 earnings per share for the current fiscal year.

Institutional Trading of BBVA Banco Frances

Several large investors have recently modified their holdings of BBAR. XP Advisory US Inc. purchased a new position in shares of BBVA Banco Frances during the 2nd quarter worth approximately $63,000. Global Retirement Partners LLC purchased a new stake in BBVA Banco Frances in the 3rd quarter valued at approximately $51,000. OceanIQ Capital LLC purchased a new stake in BBVA Banco Frances in the 2nd quarter valued at approximately $249,000. NewEdge Advisors LLC purchased a new stake in BBVA Banco Frances in the 2nd quarter valued at approximately $311,000. Finally, Deltec Asset Management LLC grew its holdings in BBVA Banco Frances by 14.5% during the 3rd quarter. Deltec Asset Management LLC now owns 67,000 shares of the bank’s stock valued at $861,000 after buying an additional 8,500 shares during the last quarter.

BBVA Banco Frances Company Profile

BBVA Banco Argentina, formerly known as BBVA Banco Francés, is an Argentine bank and part of the Spanish BBVA Group. Its history dates to the founding of Banco Francés del Río de la Plata in 1886; the bank adopted the BBVA Argentina name in 2019. The bank serves individuals, businesses and institutions across Argentina. Its services include deposit accounts, personal and business loans, credit and debit cards, payment services, and online and mobile banking. BBVA Argentina also provides companies with services such as cash management, trade finance and other business banking solutions.