Banco BBVA Argentina S.A. (NYSE:BBAR) Short Interest Update

Banco BBVA Argentina S.A. (NYSE:BBARGet Free Report) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totalling 2,270,000 shares, a growth of 6.6% from the May 31st total of 2,130,000 shares. Based on an average daily volume of 1,060,000 shares, the short-interest ratio is presently 2.1 days.

Analysts Set New Price Targets

Separately, StockNews.com lowered Banco BBVA Argentina from a “buy” rating to a “hold” rating in a research report on Thursday, May 16th.

Get Our Latest Stock Report on Banco BBVA Argentina

Institutional Trading of Banco BBVA Argentina

Several institutional investors have recently modified their holdings of BBAR. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Banco BBVA Argentina by 30.1% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 18,152 shares of the bank’s stock worth $94,000 after acquiring an additional 4,197 shares in the last quarter. Quantbot Technologies LP grew its position in Banco BBVA Argentina by 239.7% in the first quarter. Quantbot Technologies LP now owns 27,918 shares of the bank’s stock worth $237,000 after buying an additional 19,700 shares during the last quarter. Autonomy Capital Jersey L.P. lifted its position in shares of Banco BBVA Argentina by 100.0% during the 3rd quarter. Autonomy Capital Jersey L.P. now owns 40,000 shares of the bank’s stock valued at $166,000 after acquiring an additional 20,000 shares during the last quarter. Axxcess Wealth Management LLC acquired a new position in shares of Banco BBVA Argentina in the 3rd quarter worth $150,000. Finally, Virtu Financial LLC acquired a new stake in shares of Banco BBVA Argentina during the first quarter worth $413,000.

Banco BBVA Argentina Price Performance

Shares of BBAR opened at $8.85 on Wednesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.25 and a current ratio of 0.82. The stock has a fifty day moving average price of $10.20 and a 200 day moving average price of $7.88. Banco BBVA Argentina has a 12 month low of $3.78 and a 12 month high of $11.87.

Banco BBVA Argentina (NYSE:BBARGet Free Report) last issued its quarterly earnings results on Wednesday, May 22nd. The bank reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.05). Banco BBVA Argentina had a net margin of 4.00% and a return on equity of 10.04%. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $684.47 million. As a group, sell-side analysts anticipate that Banco BBVA Argentina will post 1.48 EPS for the current fiscal year.

Banco BBVA Argentina Dividend Announcement

The company also recently declared a Variable dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 10th were given a dividend of $0.446 per share. The ex-dividend date of this dividend was Monday, June 10th. Banco BBVA Argentina’s dividend payout ratio (DPR) is presently 33.54%.

About Banco BBVA Argentina

(Get Free Report)

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.

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