BBVA Banco Frances S.A. (NYSE:BBAR) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of BBVA Banco Frances S.A. (NYSE:BBAR) have earned an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $18.50.

A number of analysts have weighed in on the stock. Wall Street Zen upgraded shares of BBVA Banco Frances from a “hold” rating to a “buy” rating in a research report on Sunday, September 6th. UBS Group upped their price target on shares of BBVA Banco Frances from $18.00 to $20.00 and gave the stock a “neutral” rating in a report on Friday, July 10th. Citigroup cut BBVA Banco Frances from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 2nd. Finally, Weiss Ratings downgraded BBVA Banco Frances from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, September 14th.

Institutional Trading of BBVA Banco Frances

Several hedge funds and other institutional investors have recently made changes to their positions in BBAR. Fourth Sail Capital LP grew its holdings in BBVA Banco Frances by 6.7% during the 4th quarter. Fourth Sail Capital LP now owns 2,847,061 shares of the bank’s stock worth $51,446,000 after acquiring an additional 177,799 shares during the last quarter. Alpine Global Management LLC bought a new stake in shares of BBVA Banco Frances in the fourth quarter worth $4,042,000. Channing Global Advisors LLC acquired a new stake in BBVA Banco Frances in the fourth quarter valued at $507,000. NewEdge Advisors LLC acquired a new stake in BBVA Banco Frances in the second quarter valued at $311,000. Finally, Banco BTG Pactual S.A. bought a new position in BBVA Banco Frances during the 4th quarter worth $266,000.

BBVA Banco Frances Stock Performance

NYSE:BBAR opened at $14.12 on Wednesday. BBVA Banco Frances has a twelve month low of $7.76 and a twelve month high of $22.47. The company has a quick ratio of 1.10, a current ratio of 1.06 and a debt-to-equity ratio of 0.33. The stock’s 50-day simple moving average is $16.43 and its 200 day simple moving average is $16.60. The firm has a market capitalization of $2.88 billion, a PE ratio of 13.85 and a beta of 0.93.

BBVA Banco Frances (NYSE:BBAR) last posted its earnings results on Friday, August 14th. The bank reported $0.42 EPS for the quarter. The firm 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%.

BBVA Banco Frances Company Profile

BBVA Banco Francés, now operating as BBVA Argentina SA under the BBVA brand, is a banking institution serving individuals, businesses and corporate customers in Argentina. It is part of the Spanish BBVA Group, a global financial services organization.

The bank provides a range of retail and commercial banking products, including deposit accounts, personal and business loans, credit and debit cards, payment services, insurance and investment-related services. It also offers digital banking channels and financial solutions for companies and institutional clients.

The institution traces its history to Banco Francés del Río de la Plata, founded in Argentina in 1886.