BBVA Banco Frances S.A. (NYSE:BFR) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totalling 163,516 shares, a decline of 85.3% from the July 14th total of 1,114,328 shares. Based on an average daily trading volume, of 1,474,872 shares, the days-to-cover ratio is currently 0.1 days.

A number of analysts have recently issued reports on the company. BidaskClub upgraded BBVA Banco Frances from a “strong sell” rating to a “sell” rating in a report on Monday, August 14th. Credit Suisse Group set a $23.00 price target on BBVA Banco Frances and gave the stock a “buy” rating in a research report on Friday, August 11th. UBS AG raised BBVA Banco Frances from a “sell” rating to a “neutral” rating in a research report on Friday, May 26th. Zacks Investment Research raised BBVA Banco Frances from a “strong sell” rating to a “hold” rating in a research report on Monday, May 22nd. Finally, ValuEngine lowered BBVA Banco Frances from a “buy” rating to a “hold” rating in a research report on Wednesday, June 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. BBVA Banco Frances currently has an average rating of “Hold” and an average price target of $23.00.

Large investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can boosted its stake in shares of BBVA Banco Frances by 3.2% in the first quarter. Bank of Montreal Can now owns 1,622,905 shares of the bank’s stock worth $29,894,000 after buying an additional 50,148 shares during the period. Exane Derivatives raised its stake in BBVA Banco Frances by 77.5% in the first quarter. Exane Derivatives now owns 22,964 shares of the bank’s stock valued at $423,000 after buying an additional 10,026 shares during the last quarter. Comerica Bank raised its stake in BBVA Banco Frances by 1.3% in the first quarter. Comerica Bank now owns 10,260 shares of the bank’s stock valued at $190,000 after buying an additional 134 shares during the last quarter. World Asset Management Inc raised its stake in BBVA Banco Frances by 0.8% in the first quarter. World Asset Management Inc now owns 11,137 shares of the bank’s stock valued at $205,000 after buying an additional 92 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its stake in BBVA Banco Frances by 17.8% in the first quarter. Parametric Portfolio Associates LLC now owns 85,509 shares of the bank’s stock valued at $1,575,000 after buying an additional 12,893 shares during the last quarter. 7.57% of the stock is owned by institutional investors.

BBVA Banco Frances (NYSE:BFR) opened at 16.40 on Monday. The company has a market cap of $2.93 billion, a PE ratio of 18.28 and a beta of 0.67. BBVA Banco Frances has a 1-year low of $14.55 and a 1-year high of $21.90. The stock has a 50 day moving average price of $16.62 and a 200 day moving average price of $18.00.

The company also recently announced a None dividend, which was paid on Friday, August 18th. Stockholders of record on Thursday, August 10th were paid a $0.251 dividend. The ex-dividend date was Tuesday, August 8th.

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About BBVA Banco Frances

BBVA Banco Frances SA (the Bank) is a provider of financial services to large corporations, small and medium-size companies (SMEs), as well as individual customers. The Bank is focused on the financial sector, through its activities related to banking/financial, pension fund manager and insurance. The Bank has all its operations, property and customers located in Argentina.

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