Banco BBVA Argentina (NYSE:BBAR) Stock Rating Upgraded by StockNews.com

Banco BBVA Argentina (NYSE:BBAR – Get Rating) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Friday.

Banco BBVA Argentina Price Performance

NYSE:BBAR opened at $4.34 on Friday. The stock has a market cap of $886.40 million, a PE ratio of 2.24 and a beta of 1.11. The stock’s 50-day moving average is $4.27 and its two-hundred day moving average is $4.06. Banco BBVA Argentina has a fifty-two week low of $2.03 and a fifty-two week high of $5.29.

Banco BBVA Argentina (NYSE:BBAR – Get Rating) last announced its quarterly earnings results on Monday, March 6th. The bank reported $0.53 EPS for the quarter. The business had revenue of $784.48 million during the quarter. Banco BBVA Argentina had a return on equity of 16.90% and a net margin of 7.95%.

Institutional Investors Weigh In On Banco BBVA Argentina

Large investors have recently made changes to their positions in the company. Bank of America Corp DE lifted its holdings in Banco BBVA Argentina by 318.6% in the 1st quarter. Bank of America Corp DE now owns 7,259 shares of the bank’s stock worth $26,000 after purchasing an additional 5,525 shares during the last quarter. United Maritime Capital LLC acquired a new stake in Banco BBVA Argentina in the 3rd quarter worth approximately $32,000. Virtu Financial LLC acquired a new stake in Banco BBVA Argentina in the 3rd quarter worth approximately $36,000. Envestnet Asset Management Inc. acquired a new stake in Banco BBVA Argentina in the 1st quarter worth approximately $43,000. Finally, UBS Group AG lifted its holdings in Banco BBVA Argentina by 70.0% in the 4th quarter. UBS Group AG now owns 14,624 shares of the bank’s stock worth $57,000 after purchasing an additional 6,024 shares during the last quarter. Institutional investors own 1.75% of the company’s stock.

Banco BBVA Argentina Company Profile

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Banco BBVA Argentina SA engages in the provision of banking and financial services. It operates through the following business lines: retail banking; small and medium-sized companies; and corporate and investment banking (CIB). The retail banking business includes checking and savings accounts, time deposits, credit cards, personal and auto loans, mortgages, insurance, and investment products.