BBVA Banco Frances S.A. (NYSE:BBAR) Receives $20.00 Average Target Price from Brokerages

Shares of BBVA Banco Frances S.A. (NYSE:BBAR) have received a consensus recommendation of “Moderate Buy” from the nine brokerages that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $20.00.

Several research firms recently issued reports on BBAR. Citigroup raised shares of BBVA Banco Frances from a “neutral” rating to a “buy” rating in a research note on Monday, November 3rd. The Goldman Sachs Group upgraded BBVA Banco Frances to a “strong-buy” rating in a research report on Monday, November 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of BBVA Banco Frances in a research report on Wednesday, October 8th. Wall Street Zen downgraded BBVA Banco Frances from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. Finally, HSBC raised BBVA Banco Frances from a “hold” rating to a “buy” rating and dropped their target price for the stock from $21.00 to $17.00 in a report on Wednesday, October 1st.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Fourth Sail Capital LP acquired a new stake in BBVA Banco Frances during the 2nd quarter worth about $29,399,000. PointState Capital LP increased its stake in BBVA Banco Frances by 36.1% in the 1st quarter. PointState Capital LP now owns 3,346,539 shares of the bank’s stock valued at $60,639,000 after buying an additional 888,235 shares during the period. Samlyn Capital LLC lifted its position in BBVA Banco Frances by 30.8% in the 1st quarter. Samlyn Capital LLC now owns 1,852,539 shares of the bank’s stock worth $33,568,000 after buying an additional 435,692 shares in the last quarter. Ping Capital Management Inc. boosted its stake in shares of BBVA Banco Frances by 40.8% during the 3rd quarter. Ping Capital Management Inc. now owns 1,050,500 shares of the bank’s stock valued at $8,740,000 after buying an additional 304,600 shares during the period. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of BBVA Banco Frances during the 2nd quarter valued at $3,168,000.

BBVA Banco Frances Stock Performance

NYSE BBAR opened at $13.94 on Thursday. The stock has a market cap of $2.85 billion, a PE ratio of 10.40 and a beta of 1.19. BBVA Banco Frances has a twelve month low of $7.76 and a twelve month high of $25.01. The stock has a fifty day simple moving average of $11.71 and a 200-day simple moving average of $14.81. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.27.

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

BBVA Banco Frances Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 21st will be issued a $0.033 dividend. The ex-dividend date is Friday, November 21st. This is a positive change from BBVA Banco Frances’s previous monthly dividend of $0.03. This represents a c) annualized dividend and a dividend yield of 2.8%. BBVA Banco Frances’s dividend payout ratio is 29.10%.

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.