BBVA Banco Frances (NYSE:BBAR) Stock Price Down 5.4% – Here’s Why

BBVA Banco Frances S.A. (NYSE:BBAR) shares fell 5.4% during trading on Friday . The stock traded as low as $13.79 and last traded at $13.9380. 515,644 shares traded hands during trading, a decline of 46% from the average session volume of 959,676 shares. The stock had previously closed at $14.74.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on BBAR shares. Itau BBA Securities raised BBVA Banco Frances from a “market perform” rating to an “outperform” rating in a research note on Monday, October 27th. Hsbc Global Res raised BBVA Banco Frances to a “strong-buy” rating in a research report on Wednesday, October 1st. HSBC raised shares of BBVA Banco Frances from a “hold” rating to a “buy” rating and reduced their price target for the stock from $21.00 to $17.00 in a research report on Wednesday, October 1st. UBS Group initiated coverage on shares of BBVA Banco Frances in a research note on Wednesday. They issued a “hold” rating and a $18.00 price objective for the company. Finally, Wall Street Zen downgraded BBVA Banco Frances from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $20.00.

BBVA Banco Frances Stock Down 5.5%

The firm has a 50-day moving average price of $11.61 and a two-hundred day moving average price of $14.88. The firm has a market cap of $2.85 billion, a price-to-earnings ratio of 10.41 and a beta of 1.19. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.11 and a current ratio of 1.11.

BBVA Banco Frances (NYSE:BBAR) last announced its quarterly earnings results on Wednesday, August 20th. The bank reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.13). BBVA Banco Frances had a net margin of 6.65% and a return on equity of 10.24%. The business had revenue of $524.41 million during the quarter, compared to analyst estimates of $727.31 billion. On average, sell-side analysts forecast that BBVA Banco Frances S.A. will post 1.94 earnings per share for the current year.

BBVA Banco Frances Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 21st will be given a dividend of $0.033 per share. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%. This is an increase from BBVA Banco Frances’s previous monthly dividend of $0.03. The ex-dividend date is Friday, November 21st. BBVA Banco Frances’s payout ratio is presently 29.10%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. increased its position in BBVA Banco Frances by 199.9% during the second quarter. SBI Securities Co. Ltd. now owns 2,381 shares of the bank’s stock worth $39,000 after buying an additional 1,587 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in shares of BBVA Banco Frances during the third quarter worth approximately $108,000. Virtu Financial LLC acquired a new position in shares of BBVA Banco Frances in the 3rd quarter valued at $109,000. Insigneo Advisory Services LLC acquired a new stake in BBVA Banco Frances during the 3rd quarter worth $136,000. Finally, Fox Run Management L.L.C. purchased a new position in BBVA Banco Frances during the 1st quarter worth $211,000.

BBVA Banco Frances 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.