BBVA Banco Frances S.A. (NYSE:BBAR) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of BBVA Banco Frances S.A. (NYSE:BBAR) have been given an average recommendation of “Moderate Buy” by the eight brokerages that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation, three have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $17.6667.

A number of equities research analysts have weighed in on the stock. UBS Group assumed coverage on shares of BBVA Banco Frances in a report on Wednesday, November 19th. They issued a “hold” rating and a $18.00 price objective on the stock. Zacks Research raised BBVA Banco Frances from a “strong sell” rating to a “hold” rating in a research report on Monday, November 3rd. Citigroup raised BBVA Banco Frances from a “neutral” rating to a “buy” rating in a research report on Monday, November 3rd. Itau BBA Securities raised BBVA Banco Frances from a “market perform” rating to an “outperform” rating in a research note on Monday, October 27th. Finally, Hsbc Global Res upgraded BBVA Banco Frances to a “strong-buy” rating in a report on Wednesday, October 1st.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BBAR. SBI Securities Co. Ltd. raised its stake in BBVA Banco Frances by 199.9% during the 2nd quarter. SBI Securities Co. Ltd. now owns 2,381 shares of the bank’s stock valued at $39,000 after buying an additional 1,587 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in shares of BBVA Banco Frances during the 1st quarter valued at about $211,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of BBVA Banco Frances during the 3rd quarter valued at about $108,000. Virtu Financial LLC bought a new position in shares of BBVA Banco Frances in the 3rd quarter worth approximately $109,000. Finally, BNP Paribas Financial Markets lifted its stake in shares of BBVA Banco Frances by 123.3% in the 2nd quarter. BNP Paribas Financial Markets now owns 15,301 shares of the bank’s stock worth $252,000 after purchasing an additional 8,450 shares during the period.

BBVA Banco Frances Price Performance

Shares of BBAR stock opened at $18.27 on Monday. The business’s fifty day moving average is $14.76 and its 200 day moving average is $14.22. The company has a quick ratio of 1.11, a current ratio of 1.07 and a debt-to-equity ratio of 0.32. The stock has a market cap of $3.73 billion, a price-to-earnings ratio of 19.23 and a beta of 1.07. BBVA Banco Frances has a twelve month low of $7.76 and a twelve month high of $25.01.

BBVA Banco Frances (NYSE:BBAR) last announced its earnings results on Tuesday, November 25th. The bank reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.07). The business had revenue of $512.44 million for the quarter, compared to the consensus estimate of $871.10 billion. BBVA Banco Frances had a net margin of 4.46% and a return on equity of 7.43%. Research analysts expect that BBVA Banco Frances will post 1.94 EPS for the current fiscal year.

BBVA Banco Frances Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 16th will be paid a $0.0331 dividend. This is an increase from BBVA Banco Frances’s previous monthly dividend of $0.03. This represents a c) annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Tuesday, December 16th. BBVA Banco Frances’s dividend payout ratio (DPR) is presently 41.05%.

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.