Analysts Set BBVA Banco Frances S.A. (NYSE:BBAR) Price Target at $17.67

BBVA Banco Frances S.A. (NYSE:BBAR) has been given a consensus rating of “Moderate Buy” by the seven brokerages that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $17.6667.

BBAR has been the topic of several recent research reports. Weiss Ratings reissued a “hold (c-)” rating on shares of BBVA Banco Frances in a research note on Monday, December 29th. Wall Street Zen raised BBVA Banco Frances from a “sell” rating to a “hold” rating in a research report on Friday, November 28th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. increased its stake in BBVA Banco Frances by 54,175.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,171 shares of the bank’s stock valued at $39,000 after buying an additional 2,167 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of BBVA Banco Frances during the 3rd quarter worth about $108,000. Virtu Financial LLC bought a new position in shares of BBVA Banco Frances in the 3rd quarter valued at about $109,000. Insigneo Advisory Services LLC bought a new position in shares of BBVA Banco Frances in the 3rd quarter valued at about $136,000. Finally, Van ECK Associates Corp acquired a new stake in shares of BBVA Banco Frances in the fourth quarter valued at about $150,000.

BBVA Banco Frances Stock Down 3.1%

BBVA Banco Frances stock opened at $14.08 on Wednesday. The company has a 50 day moving average of $16.33 and a 200-day moving average of $14.81. The company has a quick ratio of 1.07, a current ratio of 1.12 and a debt-to-equity ratio of 0.41. BBVA Banco Frances has a twelve month low of $7.76 and a twelve month high of $23.10. The stock has a market capitalization of $2.88 billion, a PE ratio of 16.97 and a beta of 1.10.

BBVA Banco Frances (NYSE:BBAR) last issued its quarterly earnings data on Wednesday, March 4th. The bank reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.16). The company had revenue of $337.36 million for the quarter, compared to analyst estimates of $874.92 billion. BBVA Banco Frances had a return on equity of 6.55% and a net margin of 3.70%. On average, equities research analysts anticipate that BBVA Banco Frances will post 1.94 EPS for the current fiscal year.

BBVA Banco Frances Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, March 23rd. Stockholders of record on Monday, March 16th were paid a dividend of $0.037 per share. The ex-dividend date of this dividend was Monday, March 16th. This represents a c) annualized dividend and a dividend yield of 3.2%. This is an increase from BBVA Banco Frances’s previous monthly dividend of $0.04. BBVA Banco Frances’s dividend payout ratio (DPR) is 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.