BBVA Banco Frances (NYSE:BBAR) Upgraded at Hsbc Global Res

Hsbc Global Res upgraded shares of BBVA Banco Frances (NYSE:BBAR) to a strong-buy rating in a research note released on Wednesday morning,Zacks.com reports.

A number of other equities research analysts also recently commented on BBAR. Wall Street Zen raised BBVA Banco Frances from a “sell” rating to a “hold” rating in a research report on Sunday, September 7th. HSBC raised BBVA Banco Frances from a “hold” rating to a “buy” rating and decreased their price target for the stock from $21.00 to $17.00 in a research note on Wednesday. Zacks Research downgraded shares of BBVA Banco Frances from a “hold” rating to a “strong sell” rating in a research note on Monday, September 8th. Finally, Citigroup cut shares of BBVA Banco Frances from a “buy” rating to a “hold” rating in a research report on Thursday, September 11th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $20.67.

BBVA Banco Frances Price Performance

Shares of NYSE:BBAR opened at $8.31 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.05 and a current ratio of 1.11. The business’s fifty day moving average price is $12.45 and its two-hundred day moving average price is $16.30. The stock has a market cap of $1.70 billion, a PE ratio of 6.20 and a beta of 1.13. BBVA Banco Frances has a one year low of $7.76 and a one year high of $25.01.

BBVA Banco Frances (NYSE:BBAR) last issued its quarterly earnings data on Wednesday, August 20th. The bank reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.13). The company had revenue of $524.41 million during the quarter, compared to analysts’ expectations of $727.31 billion. BBVA Banco Frances had a net margin of 6.65% and a return on equity of 10.24%. On average, analysts forecast that BBVA Banco Frances will post 1.94 EPS for the current fiscal year.

BBVA Banco Frances Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 19th were issued a dividend of $0.0335 per share. The ex-dividend date was Friday, September 19th. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. BBVA Banco Frances’s payout ratio is presently 29.85%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. SBI Securities Co. Ltd. grew its stake in BBVA Banco Frances by 199.9% during the second quarter. SBI Securities Co. Ltd. now owns 2,381 shares of the bank’s stock worth $39,000 after buying an additional 1,587 shares during the period. GAMMA Investing LLC lifted its holdings in shares of BBVA Banco Frances by 27.1% during the 1st quarter. GAMMA Investing LLC now owns 5,303 shares of the bank’s stock valued at $96,000 after acquiring an additional 1,132 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in BBVA Banco Frances during the 1st quarter worth $211,000. Private Advisor Group LLC acquired a new stake in BBVA Banco Frances in the 1st quarter valued at $224,000. Finally, BNP Paribas Financial Markets raised its position in BBVA Banco Frances by 123.3% in the second quarter. BNP Paribas Financial Markets now owns 15,301 shares of the bank’s stock valued at $252,000 after purchasing an additional 8,450 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.