Wall Street Zen Downgrades BBVA Banco Frances (NYSE:BBAR) to Hold

BBVA Banco Frances (NYSE:BBAR) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

Separately, Itau BBA Securities began coverage on BBVA Banco Frances in a research note on Tuesday, May 20th. They set a “market perform” rating and a $18.00 target price on the stock.

BBVA Banco Frances Stock Down 0.7%

Shares of BBAR opened at $15.07 on Friday. The business’s 50 day moving average is $18.12 and its 200 day moving average is $19.30. The company has a market capitalization of $3.08 billion, a PE ratio of 8.81 and a beta of 1.19. BBVA Banco Frances has a 12-month low of $7.05 and a 12-month high of $25.01. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.19.

BBVA Banco Frances (NYSE:BBAR) last announced its earnings results on Wednesday, May 21st. The bank reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.02. BBVA Banco Frances had a return on equity of 13.53% and a net margin of 8.31%. The firm had revenue of $667.94 million during the quarter, compared to analysts’ expectations of $751.69 billion. Research analysts expect that BBVA Banco Frances will post 1.94 earnings per share for the current fiscal year.

Institutional Trading of BBVA Banco Frances

A number of hedge funds and other institutional investors have recently bought and sold shares of BBAR. Amundi purchased a new position in shares of BBVA Banco Frances during the fourth quarter worth about $396,000. HUB Investment Partners LLC lifted its stake in BBVA Banco Frances by 42.6% in the 4th quarter. HUB Investment Partners LLC now owns 15,318 shares of the bank’s stock valued at $292,000 after buying an additional 4,574 shares in the last quarter. Gemsstock Ltd. purchased a new stake in BBVA Banco Frances in the 4th quarter valued at approximately $2,831,000. XTX Topco Ltd lifted its stake in BBVA Banco Frances by 25.7% in the 4th quarter. XTX Topco Ltd now owns 16,521 shares of the bank’s stock valued at $315,000 after buying an additional 3,378 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its stake in shares of BBVA Banco Frances by 1,332.9% during the 4th quarter. NewEdge Advisors LLC now owns 14,759 shares of the bank’s stock worth $281,000 after purchasing an additional 13,729 shares during the period.

About BBVA Banco Frances

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