BBVA Banco Frances (NYSE:BBAR) Shares Gap Down After Earnings Miss

Shares of BBVA Banco Frances S.A. (NYSE:BBAR) gapped down before the market opened on Thursday following a dissappointing earnings announcement. The stock had previously closed at $14.93, but opened at $13.75. BBVA Banco Frances shares last traded at $14.58, with a volume of 404,120 shares changing hands.

The bank reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.13). BBVA Banco Frances had a net margin of 6.65% and a return on equity of 10.20%. The firm had revenue of $524.41 million during the quarter, compared to analysts’ expectations of $727.31 billion.

BBVA Banco Frances Dividend Announcement

The business also recently declared a dividend, which will be paid on Monday, August 25th. Investors of record on Tuesday, August 19th will be given a dividend of $0.0221 per share. The ex-dividend date is Monday, August 18th. This represents a dividend yield of 167.0%. BBVA Banco Frances’s payout ratio is currently 19.40%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on BBAR. Itau BBA Securities began coverage on shares of BBVA Banco Frances in a research note on Tuesday, May 20th. They set a “market perform” rating and a $18.00 price objective on the stock. Wall Street Zen lowered shares of BBVA Banco Frances from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $22.50.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake in shares of BBVA Banco Frances by 2,203.8% in the first quarter. GAMMA Investing LLC now owns 96,090 shares of the bank’s stock worth $1,741,000 after buying an additional 91,919 shares in the last quarter. North of South Capital LLP bought a new position in shares of BBVA Banco Frances in the first quarter worth approximately $544,000. Deltec Asset Management LLC lifted its stake in shares of BBVA Banco Frances by 43.1% in the first quarter. Deltec Asset Management LLC now owns 85,000 shares of the bank’s stock worth $1,540,000 after buying an additional 25,600 shares in the last quarter. Baader Bank Aktiengesellschaft bought a new position in shares of BBVA Banco Frances in the first quarter worth approximately $312,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of BBVA Banco Frances by 93.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,733,785 shares of the bank’s stock worth $33,046,000 after buying an additional 836,688 shares in the last quarter.

BBVA Banco Frances Trading Down 5.2%

The firm’s 50 day moving average price is $16.06 and its 200-day moving average price is $18.23. The stock has a market cap of $2.89 billion, a P/E ratio of 10.56 and a beta of 1.18. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.05 and a quick ratio of 1.05.

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.