BBVA Banco Frances (NYSE:BBAR) Releases Quarterly Earnings Results, Misses Expectations By $0.07 EPS

BBVA Banco Frances (NYSE:BBAR) announced its earnings results on Tuesday. The bank reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.07), Zacks reports. The business had revenue of $512.44 million for the quarter, compared to analysts’ expectations of $871.10 billion. BBVA Banco Frances had a return on equity of 10.24% and a net margin of 6.65%.

BBVA Banco Frances Trading Up 10.7%

Shares of NYSE BBAR opened at $15.91 on Thursday. BBVA Banco Frances has a 12-month low of $7.76 and a 12-month high of $25.01. The company has a market cap of $3.25 billion, a price-to-earnings ratio of 11.88 and a beta of 1.19. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.27. The stock’s 50 day simple moving average is $12.07 and its 200 day simple moving average is $14.70.

BBVA Banco Frances Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 21st will be given a dividend of $0.033 per share. This represents a c) dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Friday, November 21st. This is a positive change from BBVA Banco Frances’s previous monthly dividend of $0.03. BBVA Banco Frances’s payout ratio is currently 29.10%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on BBAR shares. Hsbc Global Res upgraded BBVA Banco Frances to a “strong-buy” rating in a report on Wednesday, October 1st. Zacks Research upgraded shares of BBVA Banco Frances from a “strong sell” rating to a “hold” rating in a research note on Monday, November 3rd. UBS Group assumed coverage on shares of BBVA Banco Frances in a research note on Wednesday, November 19th. They set a “hold” rating and a $18.00 price objective on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of BBVA Banco Frances in a research report on Wednesday, October 8th. Finally, Citigroup upgraded shares of BBVA Banco Frances from a “neutral” rating to a “buy” rating in a research note on Monday, November 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $20.00.

Institutional Investors Weigh In On BBVA Banco Frances

A number of hedge funds have recently added to or reduced their stakes in the stock. Virtu Financial LLC acquired a new position in shares of BBVA Banco Frances during the third quarter valued at $109,000. Aquatic Capital Management LLC bought a new stake in BBVA Banco Frances in the 3rd quarter valued at about $241,000. BNP Paribas Financial Markets boosted its stake in BBVA Banco Frances by 123.3% during the 2nd quarter. BNP Paribas Financial Markets now owns 15,301 shares of the bank’s stock valued at $252,000 after purchasing an additional 8,450 shares during the period. Voleon Capital Management LP bought a new position in BBVA Banco Frances in the 3rd quarter worth about $331,000. Finally, NewEdge Advisors LLC grew its position in BBVA Banco Frances by 66.2% in the 1st quarter. NewEdge Advisors LLC now owns 24,523 shares of the bank’s stock worth $444,000 after purchasing an additional 9,764 shares during the last quarter.

BBVA Banco Frances Company Profile

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.