Brokerages Set BBVA Banco Frances S.A. (BFR) PT at $23.00
BBVA Banco Frances S.A. (NYSE:BFR) has been given a consensus rating of “Hold” by the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $23.00.
A number of research firms recently weighed in on BFR. BidaskClub raised shares of 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 target price on shares of BBVA Banco Frances and gave the company a “buy” rating in a report on Friday, August 11th. UBS AG raised shares of BBVA Banco Frances from a “sell” rating to a “neutral” rating in a report on Friday, May 26th. Zacks Investment Research raised shares of BBVA Banco Frances from a “strong sell” rating to a “hold” rating in a report on Monday, May 22nd. Finally, ValuEngine lowered shares of BBVA Banco Frances from a “buy” rating to a “hold” rating in a report on Wednesday, June 14th.
Shares of BBVA Banco Frances (BFR) traded down 0.84% during midday trading on Friday, reaching $17.63. 457,189 shares of the company’s stock traded hands. The stock’s 50-day moving average price is $16.45 and its 200 day moving average price is $17.82. BBVA Banco Frances has a one year low of $14.55 and a one year high of $21.90. The firm has a market capitalization of $3.16 billion, a PE ratio of 19.27 and a beta of 0.66.
The business also recently declared a None dividend, which was paid on Friday, August 18th. Investors of record on Thursday, August 10th were given a $0.251 dividend. The ex-dividend date was Tuesday, August 8th.
Institutional investors and hedge funds have recently modified their holdings of the stock. Banco BTG Pactual S.A. bought a new stake in BBVA Banco Frances in the first quarter worth $184,000. Comerica Bank lifted its position in BBVA Banco Frances by 1.3% in the first quarter. Comerica Bank now owns 10,260 shares of the bank’s stock worth $190,000 after buying an additional 134 shares during the last quarter. World Asset Management Inc lifted its position 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 worth $205,000 after buying an additional 92 shares during the last quarter. Wells Fargo & Company MN lifted its position in BBVA Banco Frances by 2.4% in the second quarter. Wells Fargo & Company MN now owns 12,018 shares of the bank’s stock worth $227,000 after buying an additional 277 shares during the last quarter. Finally, Somerset Capital Management LLP bought a new stake in BBVA Banco Frances in the first quarter worth $267,000. Institutional investors own 5.43% of the company’s stock.
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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