Analysts Set BBVA Banco Frances S.A. (NYSE:BBAR) Price Target at $17.67

Shares of BBVA Banco Frances S.A. (NYSE:BBAR) have earned an average rating of “Moderate Buy” from the seven brokerages that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $17.6667.

BBVA Banco Frances Price Performance

NYSE BBAR opened at $14.75 on Thursday. BBVA Banco Frances has a 52 week low of $7.76 and a 52 week high of $23.10. The firm has a market capitalization of $3.01 billion, a P/E ratio of 17.77 and a beta of 0.92. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.17. The company has a 50-day moving average price of $14.97 and a 200-day moving average price of $16.33.

BBVA Banco Frances (NYSE:BBAR) last announced 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). The company had revenue of $337.36 million for the quarter, compared to the consensus estimate of $874.92 billion. BBVA Banco Frances had a net margin of 3.70% and a return on equity of 6.55%. Equities research analysts anticipate that BBVA Banco Frances will post 1.59 earnings per share for the current year.

BBVA Banco Frances Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, April 27th. Investors of record on Monday, April 20th were issued a dividend of $0.0382 per share. This represents a c) annualized dividend and a yield of 3.1%. The ex-dividend date was Monday, April 20th. This is a boost from BBVA Banco Frances’s previous monthly dividend of $0.04. BBVA Banco Frances’s payout ratio is currently 54.22%.

Institutional Trading of BBVA Banco Frances

A number of hedge funds and other institutional investors have recently bought and sold shares of BBAR. Northwestern Mutual Wealth Management Co. increased its stake in shares of BBVA Banco Frances by 54,175.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,171 shares of the bank’s stock valued at $39,000 after buying an additional 2,167 shares during the period. Van ECK Associates Corp purchased a new position in shares of BBVA Banco Frances during the fourth quarter valued at $150,000. Carter Financial Group INC. purchased a new position in shares of BBVA Banco Frances during the first quarter valued at $150,000. Barclays PLC increased its stake in shares of BBVA Banco Frances by 78.0% during the fourth quarter. Barclays PLC now owns 10,973 shares of the bank’s stock valued at $198,000 after buying an additional 4,808 shares during the period. Finally, Schonfeld Strategic Advisors LLC purchased a new position in shares of BBVA Banco Frances during the fourth quarter valued at $224,000.

BBVA Banco Frances Company Profile

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.