BBVA Banco Frances (NYSE:BBAR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of BBVA Banco Frances (NYSE:BBAR) from a hold rating to a buy rating in a research note published on Sunday morning,Wall Street Zen reports.

A number of other analysts have also recently weighed in on the company. Weiss Ratings raised BBVA Banco Frances from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 31st. Citigroup lowered BBVA Banco Frances from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 2nd. Finally, UBS Group raised their price objective on BBVA Banco Frances from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday, July 10th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, BBVA Banco Frances presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.50.

BBVA Banco Frances Stock Performance

Shares of BBAR opened at $14.89 on Friday. The firm has a market cap of $3.04 billion, a price-to-earnings ratio of 14.60 and a beta of 0.93. The company’s fifty day moving average is $17.49 and its 200-day moving average is $16.68. The company has a quick ratio of 1.10, a current ratio of 1.06 and a debt-to-equity ratio of 0.33. BBVA Banco Frances has a 12 month low of $7.76 and a 12 month high of $22.47.

BBVA Banco Frances (NYSE:BBAR) last released its quarterly earnings data on Friday, August 14th. The bank reported $0.42 earnings per share (EPS) for the quarter. The business had revenue of $716.56 million during the quarter. BBVA Banco Frances had a net margin of 4.16% and a return on equity of 7.56%. Equities analysts expect that BBVA Banco Frances will post 1.59 EPS for the current fiscal year.

Institutional Investors Weigh In On BBVA Banco Frances

Several hedge funds have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. grew its stake in shares of BBVA Banco Frances by 54,175.0% in the fourth 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 during the last quarter. XP Advisory US Inc. acquired a new position in BBVA Banco Frances during the 2nd quarter valued at $63,000. Virtu Financial LLC bought a new stake in BBVA Banco Frances in the 3rd quarter valued at $109,000. Carter Financial Group INC. bought a new stake in BBVA Banco Frances in the 1st quarter valued at $150,000. Finally, Van ECK Associates Corp acquired a new stake in BBVA Banco Frances in the 4th quarter worth $150,000.

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.