Private Advisor Group LLC Invests $224,000 in BBVA Banco Frances S.A. (NYSE:BBAR)

Private Advisor Group LLC acquired a new stake in shares of BBVA Banco Frances S.A. (NYSE:BBAR) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 12,341 shares of the bank’s stock, valued at approximately $224,000.

Several other large investors also recently bought and sold shares of BBAR. GAMMA Investing LLC grew its holdings in shares of BBVA Banco Frances by 27.1% in the first quarter. GAMMA Investing LLC now owns 5,303 shares of the bank’s stock worth $96,000 after acquiring an additional 1,132 shares during the period. NewEdge Advisors LLC grew 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 valued at $281,000 after purchasing an additional 13,729 shares during the period. XTX Topco Ltd grew its stake in shares of BBVA Banco Frances by 25.7% during the 4th quarter. XTX Topco Ltd now owns 16,521 shares of the bank’s stock valued at $315,000 after purchasing an additional 3,378 shares during the period. Clear Creek Financial Management LLC increased its position in shares of BBVA Banco Frances by 89.2% during the 1st quarter. Clear Creek Financial Management LLC now owns 23,465 shares of the bank’s stock valued at $425,000 after purchasing an additional 11,060 shares during the last quarter. Finally, Hood River Capital Management LLC lifted its stake in shares of BBVA Banco Frances by 153.1% in the 4th quarter. Hood River Capital Management LLC now owns 27,905 shares of the bank’s stock worth $532,000 after purchasing an additional 16,879 shares during the period.

BBVA Banco Frances Stock Down 3.8%

NYSE BBAR opened at $15.25 on Friday. BBVA Banco Frances S.A. has a 52 week low of $7.05 and a 52 week high of $25.01. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $3.11 billion, a P/E ratio of 8.92 and a beta of 1.18. The stock’s 50-day moving average price is $16.90 and its 200-day moving average price is $18.84.

BBVA Banco Frances (NYSE:BBAR) last released 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 net margin of 8.31% and a return on equity of 13.53%. The company had revenue of $667.94 million for the quarter, compared to analysts’ expectations of $751.69 billion. On average, equities research analysts predict that BBVA Banco Frances S.A. will post 1.94 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BBAR has been the subject of a number of research reports. Wall Street Zen raised shares of BBVA Banco Frances from a “hold” rating to a “buy” rating in a report on Saturday. Itau BBA Securities started coverage on shares of BBVA Banco Frances in a research report on Tuesday, May 20th. They set a “market perform” rating and a $18.00 price objective for the company.

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.