Short Interest in Banco BBVA Argentina S.A. (NYSE:BBAR) Declines By 6.7%

Banco BBVA Argentina S.A. (NYSE:BBAR) was the recipient of a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 2,100,000 shares, a decrease of 6.7% from the March 15th total of 2,250,000 shares. Based on an average daily trading volume, of 995,500 shares, the short-interest ratio is presently 2.1 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Banco BBVA Argentina from a “hold” rating to a “buy” rating in a research note on Tuesday, March 12th.

Institutional Trading of Banco BBVA Argentina

Hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE grew its position in Banco BBVA Argentina by 318.6% during the 1st quarter. Bank of America Corp DE now owns 7,259 shares of the bank’s stock worth $26,000 after acquiring an additional 5,525 shares during the last quarter. Qube Research & Technologies Ltd purchased a new position in shares of Banco BBVA Argentina in the third quarter worth $30,000. Envestnet Asset Management Inc. bought a new stake in Banco BBVA Argentina during the 1st quarter valued at $43,000. UBS Group AG boosted its position in Banco BBVA Argentina by 70.0% during the 4th quarter. UBS Group AG now owns 14,624 shares of the bank’s stock valued at $57,000 after buying an additional 6,024 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in Banco BBVA Argentina by 53,648.5% in the 1st quarter. JPMorgan Chase & Co. now owns 17,737 shares of the bank’s stock worth $63,000 after acquiring an additional 17,704 shares during the last quarter.

Banco BBVA Argentina Stock Down 2.0 %

Shares of NYSE:BBAR opened at $8.03 on Thursday. The company has a 50 day moving average of $7.34 and a 200 day moving average of $5.77. Banco BBVA Argentina has a 12 month low of $3.74 and a 12 month high of $9.51.

Banco BBVA Argentina (NYSE:BBAR) last posted its quarterly earnings data on Tuesday, March 5th. The bank reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.50. The company had revenue of $2.67 billion during the quarter, compared to the consensus estimate of $592.18 million. Banco BBVA Argentina had a net margin of 4.55% and a return on equity of 11.28%. During the same period in the previous year, the firm posted $0.53 EPS. On average, research analysts expect that Banco BBVA Argentina will post 1.48 earnings per share for the current fiscal year.

Banco BBVA Argentina Increases Dividend

The firm also recently disclosed a — dividend, which was paid on Tuesday, March 19th. Stockholders of record on Friday, January 1st were paid a $0.1131 dividend. This is a boost from Banco BBVA Argentina’s previous — dividend of $0.06. The ex-dividend date was Friday, March 8th. Banco BBVA Argentina’s dividend payout ratio is 4.55%.

Banco BBVA Argentina Company Profile

Banco BBVA Argentina SA provides various banking products and services to individuals and companies in Argentina. It provides retail banking products and services, such as checking and savings accounts, time deposits, credit cards, 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.