BBVA Banco Frances S.A. (NYSE:BBAR) Receives Consensus Rating of “Moderate Buy” from Analysts

BBVA Banco Frances S.A. (NYSE:BBAR) has been given a consensus rating of “Moderate Buy” by the seven brokerages that are presently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation, one has given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $18.50.

Several research analysts have commented on BBAR shares. Citigroup downgraded shares of BBVA Banco Frances from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 2nd. UBS Group upped their price objective on BBVA Banco Frances from $18.00 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, July 10th. Weiss Ratings upgraded BBVA Banco Frances from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 31st. Finally, Wall Street Zen upgraded shares of BBVA Banco Frances from a “hold” rating to a “buy” rating in a research note on Sunday, September 6th.

Institutional Trading of BBVA Banco Frances

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. XP Advisory US Inc. acquired a new position in shares of BBVA Banco Frances during the second quarter worth $63,000. Carter Financial Group INC. acquired a new position in BBVA Banco Frances in the 1st quarter worth about $150,000. OceanIQ Capital LLC bought a new position in BBVA Banco Frances in the second quarter valued at about $249,000. Banco BTG Pactual S.A. acquired a new stake in shares of BBVA Banco Frances during the fourth quarter valued at about $266,000. Finally, NewEdge Advisors LLC bought a new stake in shares of BBVA Banco Frances during the second quarter worth about $311,000.

BBVA Banco Frances Trading Down 1.6%

Shares of BBVA Banco Frances stock opened at $14.57 on Wednesday. The company has a quick ratio of 1.10, a current ratio of 1.06 and a debt-to-equity ratio of 0.33. BBVA Banco Frances has a 12-month low of $7.76 and a 12-month high of $22.47. The company has a market capitalization of $2.97 billion, a price-to-earnings ratio of 14.28 and a beta of 0.93. The firm’s 50-day moving average price is $16.99 and its two-hundred day moving average price is $16.62.

BBVA Banco Frances (NYSE:BBAR) last issued its earnings results on Friday, August 14th. The bank reported $0.42 EPS for the quarter. The company had revenue of $716.56 million during the quarter. BBVA Banco Frances had a net margin of 4.16% and a return on equity of 7.56%.

BBVA Banco Frances Company Profile

BBVA Banco Francés, now operating as BBVA Argentina SA under the BBVA brand, is a banking institution serving individuals, businesses and corporate customers in Argentina. It is part of the Spanish BBVA Group, a global financial services organization.

The bank provides a range of retail and commercial banking products, including deposit accounts, personal and business loans, credit and debit cards, payment services, insurance and investment-related services. It also offers digital banking channels and financial solutions for companies and institutional clients.

The institution traces its history to Banco Francés del Río de la Plata, founded in Argentina in 1886.