Short Interest in BBVA Banco Frances S.A. (BFR) Drops By 85.3%
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.
TRADEMARK VIOLATION WARNING: This report was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another website, it was illegally stolen and reposted in violation of United States and international trademark and copyright laws. The legal version of this report can be read at https://www.thecerbatgem.com/2017/08/21/short-interest-in-bbva-banco-frances-s-a-bfr-drops-by-85-3.html.
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.
Receive News & Stock Ratings for BBVA Banco Frances S.A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BBVA Banco Frances S.A. and related stocks with our FREE daily email newsletter.