Aquamarine Financial Cayman Ltd Has $20.62 Million Position in BBVA Banco Frances S.A. $BBAR

Aquamarine Financial Cayman Ltd raised its position in shares of BBVA Banco Frances S.A. (NYSE:BBAR) by 103.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,141,305 shares of the bank’s stock after buying an additional 581,305 shares during the quarter. BBVA Banco Frances comprises approximately 1.7% of Aquamarine Financial Cayman Ltd’s portfolio, making the stock its 7th biggest position. Aquamarine Financial Cayman Ltd owned 0.56% of BBVA Banco Frances worth $20,623,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. NewEdge Advisors LLC increased its stake in shares of BBVA Banco Frances by 66.2% in the 1st quarter. NewEdge Advisors LLC now owns 24,523 shares of the bank’s stock worth $444,000 after acquiring an additional 9,764 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of BBVA Banco Frances by 17.1% during the first quarter. Goldman Sachs Group Inc. now owns 93,265 shares of the bank’s stock valued at $1,690,000 after purchasing an additional 13,594 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of BBVA Banco Frances by 171.8% during the second quarter. JPMorgan Chase & Co. now owns 177,455 shares of the bank’s stock valued at $2,921,000 after purchasing an additional 112,161 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of BBVA Banco Frances by 9.8% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,021,521 shares of the bank’s stock worth $33,274,000 after purchasing an additional 180,137 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in shares of BBVA Banco Frances by 229.9% in the 2nd quarter. Bank of America Corp DE now owns 60,156 shares of the bank’s stock worth $990,000 after buying an additional 41,920 shares during the last quarter.

BBVA Banco Frances Price Performance

NYSE BBAR opened at $14.46 on Friday. BBVA Banco Frances S.A. has a one year low of $7.76 and a one year high of $23.10. The stock has a 50-day moving average of $15.25 and a 200 day moving average of $15.74. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market capitalization of $2.95 billion, a price-to-earnings ratio of 17.43 and a beta of 1.07.

BBVA Banco Frances (NYSE:BBAR) last announced its quarterly earnings results on Wednesday, March 4th. The bank reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.16). BBVA Banco Frances had a net margin of 3.70% and a return on equity of 6.55%. The company had revenue of $337.36 million for the quarter, compared to analysts’ expectations of $874.92 billion. On average, sell-side analysts forecast that BBVA Banco Frances S.A. will post 1.59 EPS for the current year.

BBVA Banco Frances Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, April 27th. Shareholders of record on Monday, April 20th will be paid a dividend of $0.0382 per share. The ex-dividend date is Monday, April 20th. This represents a c) dividend on an annualized basis and a yield of 3.2%. This is a boost from BBVA Banco Frances’s previous monthly dividend of $0.04. BBVA Banco Frances’s dividend payout ratio (DPR) is presently 54.22%.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of BBVA Banco Frances in a report on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.67.

BBVA Banco Frances 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.