JPMorgan Chase & Co. Increases Stock Position in BBVA Banco Frances S.A. $BBAR

JPMorgan Chase & Co. grew its stake in shares of BBVA Banco Frances S.A. (NYSE:BBAR) by 62.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 287,789 shares of the bank’s stock after buying an additional 110,334 shares during the period. JPMorgan Chase & Co. owned 0.14% of BBVA Banco Frances worth $2,394,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Y Intercept Hong Kong Ltd purchased a new stake in shares of BBVA Banco Frances during the 3rd quarter valued at $108,000. Virtu Financial LLC purchased a new stake in shares of BBVA Banco Frances during the 3rd quarter valued at $109,000. Insigneo Advisory Services LLC purchased a new stake in shares of BBVA Banco Frances during the 3rd quarter valued at $136,000. Benjamin Edwards Inc. grew its stake in shares of BBVA Banco Frances by 42.7% during the 3rd quarter. Benjamin Edwards Inc. now owns 26,071 shares of the bank’s stock valued at $217,000 after buying an additional 7,803 shares during the period. Finally, Aquatic Capital Management LLC purchased a new stake in shares of BBVA Banco Frances during the 3rd quarter valued at $241,000.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of BBVA Banco Frances in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, BBVA Banco Frances presently has a consensus rating of “Moderate Buy” and an average price target of $17.67.

BBVA Banco Frances Stock Performance

NYSE:BBAR opened at $15.89 on Tuesday. The company has a current ratio of 1.12, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $3.25 billion, a price-to-earnings ratio of 19.15 and a beta of 1.07. The firm’s fifty day simple moving average is $16.01 and its 200 day simple moving average is $15.18. BBVA Banco Frances S.A. has a twelve month low of $7.76 and a twelve month high of $23.10.

BBVA Banco Frances (NYSE:BBAR) last posted its earnings results on Wednesday, March 4th. The bank reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.16). The business had revenue of $337.36 million for the quarter, compared to analyst estimates of $874.92 billion. BBVA Banco Frances had a net margin of 3.70% and a return on equity of 6.55%. As a group, equities research analysts expect that BBVA Banco Frances S.A. will post 1.94 earnings per share for the current fiscal year.

BBVA Banco Frances Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, March 23rd. Shareholders of record on Monday, March 16th were issued a $0.037 dividend. The ex-dividend date was Monday, March 16th. This represents a c) dividend on an annualized basis and a yield of 2.8%. This is an increase from BBVA Banco Frances’s previous monthly dividend of $0.04. BBVA Banco Frances’s dividend payout ratio (DPR) is presently 53.01%.

BBVA Banco Frances Company Profile

BBVA Banco Francés is one of Argentina’s leading financial institutions, operating as a subsidiary of the global banking group BBVA. The bank provides a full range of retail and commercial banking services to individuals, small and medium‐sized enterprises, large corporations and institutional clients. Its product suite spans deposit accounts, mortgages, personal and auto loans, credit and debit cards, transactional banking and digital solutions designed to meet the evolving needs of customers in both urban and regional markets.

Founded in Buenos Aires in the late 19th century, Banco Francés has developed a longstanding presence in Argentina’s financial sector.