BBVA Banco Frances (NYSE:BBAR) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

BBVA Banco Frances S.A. (NYSE:BBAR) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $14.98 and traded as high as $16.41. BBVA Banco Frances shares last traded at $16.2690, with a volume of 625,312 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of BBVA Banco Frances in a report on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $17.67.

BBVA Banco Frances Price Performance

The business’s fifty day moving average price is $16.15 and its 200 day moving average price is $14.99. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.12 and a quick ratio of 1.07. The stock has a market cap of $3.28 billion, a P/E ratio of 19.33 and a beta of 1.07.

BBVA Banco Frances (NYSE:BBAR) last released its quarterly earnings data on Wednesday, March 4th. The bank reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.16). BBVA Banco Frances had a return on equity of 6.55% and a net margin of 3.70%.The company had revenue of $337.36 million for the quarter, compared to analyst estimates of $874.92 billion. Sell-side analysts forecast that BBVA Banco Frances S.A. will post 1.94 EPS for the current fiscal year.

BBVA Banco Frances Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, March 23rd. Stockholders of record on Monday, March 16th were paid a $0.037 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Monday, March 16th. This is a positive change from BBVA Banco Frances’s previous monthly dividend of $0.04. BBVA Banco Frances’s dividend payout ratio is currently 53.01%.

Institutional Investors Weigh In On BBVA Banco Frances

Hedge funds and other institutional investors have recently bought and sold shares of the company. Alpine Global Management LLC acquired a new position in BBVA Banco Frances in the 4th quarter worth about $4,042,000. PointState Capital LP grew its holdings in shares of BBVA Banco Frances by 60.5% during the fourth quarter. PointState Capital LP now owns 2,668,038 shares of the bank’s stock worth $48,211,000 after purchasing an additional 1,005,978 shares during the last quarter. Millennium Management LLC increased its stake in shares of BBVA Banco Frances by 3,633.8% in the fourth quarter. Millennium Management LLC now owns 613,832 shares of the bank’s stock valued at $11,092,000 after buying an additional 597,392 shares during the period. Schonfeld Strategic Advisors LLC acquired a new position in shares of BBVA Banco Frances in the fourth quarter valued at approximately $224,000. Finally, GAM Holding AG raised its holdings in BBVA Banco Frances by 70.5% in the 4th quarter. GAM Holding AG now owns 49,361 shares of the bank’s stock valued at $892,000 after buying an additional 20,402 shares during the last quarter.

About BBVA Banco Frances

BBVA Banco Francés is one of Argentina’s leading financial institutions, operating as a subsidiary of the global banking group BBVA. The bank provides a full range of retail and commercial banking services to individuals, small and medium‐sized enterprises, large corporations and institutional clients. Its product suite spans deposit accounts, mortgages, personal and auto loans, credit and debit cards, transactional banking and digital solutions designed to meet the evolving needs of customers in both urban and regional markets.

Founded in Buenos Aires in the late 19th century, Banco Francés has developed a longstanding presence in Argentina’s financial sector.