Brokerages Set BBVA Banco Frances S.A. (NYSE:BBAR) Price Target at $20.67

BBVA Banco Frances S.A. (NYSE:BBAR) has received a consensus rating of “Hold” from the seven ratings firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $20.6667.

A number of equities analysts have weighed in on the stock. Citigroup lowered shares of BBVA Banco Frances from a “buy” rating to a “hold” rating in a research report on Thursday, September 11th. Hsbc Global Res upgraded shares of BBVA Banco Frances to a “strong-buy” rating in a research report on Wednesday. HSBC upgraded shares of BBVA Banco Frances from a “hold” rating to a “buy” rating and dropped their price target for the stock from $21.00 to $17.00 in a research report on Wednesday. Wall Street Zen upgraded shares of BBVA Banco Frances from a “sell” rating to a “hold” rating in a research report on Sunday, September 7th. Finally, Zacks Research lowered shares of BBVA Banco Frances from a “hold” rating to a “strong sell” rating in a research report on Monday, September 8th.

Hedge Funds Weigh In On BBVA Banco Frances

A number of hedge funds and other institutional investors have recently modified their holdings of BBAR. SBI Securities Co. Ltd. boosted its position in shares of 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 acquiring an additional 1,587 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of BBVA Banco Frances by 27.1% during 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 last quarter. Fox Run Management L.L.C. bought a new position in shares of BBVA Banco Frances during the first quarter worth $211,000. Private Advisor Group LLC bought a new position in shares of BBVA Banco Frances during the first quarter worth $224,000. Finally, BNP Paribas Financial Markets boosted its position in shares of BBVA Banco Frances by 123.3% during the second quarter. BNP Paribas Financial Markets now owns 15,301 shares of the bank’s stock worth $252,000 after acquiring an additional 8,450 shares during the last quarter.

BBVA Banco Frances Stock Performance

Shares of NYSE BBAR opened at $8.31 on Wednesday. The firm has a 50 day moving average of $12.45 and a 200 day moving average of $16.30. The company has a current ratio of 1.11, a quick ratio of 1.05 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 6.20 and a beta of 1.13. BBVA Banco Frances has a 12-month low of $7.76 and a 12-month high of $25.01.

BBVA Banco Frances (NYSE:BBAR) last announced its earnings results 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 business had revenue of $524.41 million for the quarter, compared to the consensus estimate of $727.31 billion. BBVA Banco Frances had a net margin of 6.65% and a return on equity of 10.24%. On average, research analysts anticipate that BBVA Banco Frances will post 1.94 earnings per share for the current year.

BBVA Banco Frances Announces Dividend

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

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.