BBVA Banco Frances (NYSE:BBAR) Upgraded at Hsbc Global Res

Hsbc Global Res upgraded shares of BBVA Banco Frances (NYSE:BBAR) to a strong-buy rating in a report released on Wednesday morning,Zacks.com reports.

Several other equities research analysts have also issued reports on the stock. Zacks Research lowered shares of BBVA Banco Frances from a “hold” rating to a “strong sell” rating in a research note on Monday, September 8th. HSBC upgraded shares of BBVA Banco Frances from a “hold” rating to a “buy” rating and lowered their price objective for the stock from $21.00 to $17.00 in a research note on Wednesday. Wall Street Zen upgraded shares of BBVA Banco Frances from a “sell” rating to a “hold” rating in a research note on Sunday, September 7th. Finally, Citigroup lowered shares of BBVA Banco Frances from a “buy” rating to a “hold” rating in a research note on Thursday, September 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, BBVA Banco Frances presently has an average rating of “Moderate Buy” and an average price target of $20.67.

BBVA Banco Frances Stock Performance

Shares of BBVA Banco Frances stock opened at $8.25 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.11 and a quick ratio of 1.05. The firm has a market cap of $1.68 billion, a P/E ratio of 6.15 and a beta of 1.13. The firm has a 50 day simple moving average of $12.60 and a 200 day simple moving average of $16.37. BBVA Banco Frances has a fifty-two week low of $7.76 and a fifty-two week high of $25.01.

BBVA Banco Frances (NYSE:BBAR) last announced its quarterly earnings data on Wednesday, August 20th. The bank reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.13). The business had revenue of $524.41 million during the quarter, compared to the consensus estimate of $727.31 billion. BBVA Banco Frances had a net margin of 6.65% and a return on equity of 10.24%. Sell-side analysts predict that BBVA Banco Frances will post 1.94 earnings per share for the current fiscal year.

BBVA Banco Frances Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 19th were given a dividend of $0.0335 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date was Friday, September 19th. BBVA Banco Frances’s dividend payout ratio is presently 29.85%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC lifted its holdings in shares of BBVA Banco Frances by 27.1% during the 1st quarter. GAMMA Investing LLC now owns 5,303 shares of the bank’s stock worth $96,000 after acquiring an additional 1,132 shares during the period. Redhawk Wealth Advisors Inc. lifted its holdings in shares of BBVA Banco Frances by 2.5% during the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 52,270 shares of the bank’s stock worth $860,000 after acquiring an additional 1,278 shares during the period. SBI Securities Co. Ltd. lifted its holdings in shares of BBVA Banco Frances by 199.9% during the 2nd quarter. SBI Securities Co. Ltd. now owns 2,381 shares of the bank’s stock worth $39,000 after acquiring an additional 1,587 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of BBVA Banco Frances by 123.3% during the 2nd quarter. BNP Paribas Financial Markets now owns 15,301 shares of the bank’s stock worth $252,000 after acquiring an additional 8,450 shares during the period. Finally, ABS Direct Equity Fund LLC lifted its holdings in shares of BBVA Banco Frances by 42.0% during the 1st quarter. ABS Direct Equity Fund LLC now owns 30,417 shares of the bank’s stock worth $551,000 after acquiring an additional 9,000 shares during the period.

About BBVA Banco Frances

Banco BBVA Argentina SA provides various banking products and services to individuals and companies in Argentina. The company provides retail banking products and services, such as checking and savings accounts, time deposits, credit cards financing, consumer and pledge loans, mortgages, insurance, and investment products to individuals; and small and medium-sized companies products and services, including financing products, factoring, checking accounts, time deposits, transactional and payroll services, insurance, and investment products to private-sector companies.