Channing Global Advisors LLC Invests $419,000 in BBVA Banco Frances S.A. $BBAR

Channing Global Advisors LLC bought a new stake in BBVA Banco Frances S.A. (NYSE:BBAR) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 25,470 shares of the bank’s stock, valued at approximately $419,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fourth Sail Capital LP acquired a new position in shares of BBVA Banco Frances in the second quarter valued at about $29,399,000. PointState Capital LP boosted its position in BBVA Banco Frances by 36.1% in the first quarter. PointState Capital LP now owns 3,346,539 shares of the bank’s stock valued at $60,639,000 after buying an additional 888,235 shares during the last quarter. Samlyn Capital LLC boosted its position in BBVA Banco Frances by 30.8% in the first quarter. Samlyn Capital LLC now owns 1,852,539 shares of the bank’s stock valued at $33,568,000 after buying an additional 435,692 shares during the last quarter. Cubist Systematic Strategies LLC increased its holdings in BBVA Banco Frances by 96.1% in the 1st quarter. Cubist Systematic Strategies LLC now owns 292,907 shares of the bank’s stock worth $5,307,000 after buying an additional 143,557 shares during the period. Finally, JPMorgan Chase & Co. raised its position in BBVA Banco Frances by 171.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 177,455 shares of the bank’s stock worth $2,921,000 after buying an additional 112,161 shares during the last quarter.

Wall Street Analyst Weigh In

Several analysts have recently commented on BBAR shares. Zacks Research raised shares of BBVA Banco Frances from a “strong sell” rating to a “hold” rating in a report on Monday, November 3rd. The Goldman Sachs Group upgraded shares of BBVA Banco Frances to a “strong-buy” rating in a research report on Monday, November 10th. HSBC raised BBVA Banco Frances from a “hold” rating to a “buy” rating and cut their price target for the stock from $21.00 to $17.00 in a research report on Wednesday, October 1st. Citigroup raised BBVA Banco Frances from a “neutral” rating to a “buy” rating in a report on Monday, November 3rd. Finally, Itau BBA Securities raised BBVA Banco Frances from a “market perform” rating to an “outperform” rating in a report on Monday, October 27th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $20.00.

BBVA Banco Frances Trading Up 1.5%

BBAR stock opened at $16.16 on Friday. BBVA Banco Frances S.A. has a 52-week low of $7.76 and a 52-week high of $25.01. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.27. The firm has a market cap of $3.30 billion, a P/E ratio of 12.06 and a beta of 1.19. The company’s 50-day simple moving average is $12.38 and its 200-day simple moving average is $14.62.

BBVA Banco Frances (NYSE:BBAR) last released its quarterly earnings results on Tuesday, November 25th. The bank reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.07). The business had revenue of $512.44 million during the quarter, compared to analyst estimates of $871.10 billion. BBVA Banco Frances had a return on equity of 10.24% and a net margin of 6.65%. As a group, equities analysts forecast that BBVA Banco Frances S.A. will post 1.94 EPS for the current fiscal year.

BBVA Banco Frances Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 21st will be given a dividend of $0.033 per share. This is a positive change from BBVA Banco Frances’s previous monthly dividend of $0.03. The ex-dividend date is Friday, November 21st. This represents a c) dividend on an annualized basis and a dividend yield of 2.5%. BBVA Banco Frances’s payout ratio is 41.05%.

BBVA Banco Frances Profile

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.