BBVA Banco Frances (NYSE:BBAR) Hits New 12-Month Low – Here’s What Happened

BBVA Banco Frances S.A. (NYSE:BBAR) reached a new 52-week low during trading on Monday. The stock traded as low as $11.35 and last traded at $11.3530, with a volume of 199,424 shares trading hands. The stock had previously closed at $11.61.

Wall Street Analysts Forecast Growth

BBAR has been the topic of several recent research reports. UBS Group lowered their target price on shares of BBVA Banco Frances from $20.00 to $15.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 13th. Weiss Ratings downgraded shares of BBVA Banco Frances from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, October 23rd. Wall Street Zen lowered shares of BBVA Banco Frances from a “buy” rating to a “hold” rating in a research report on Saturday, October 24th. Finally, Citigroup lowered shares of BBVA Banco Frances from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 2nd. One analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $15.00.

BBVA Banco Frances Stock Performance

The firm’s 50-day moving average price is $13.47 and its two-hundred day moving average price is $16.14. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of 10.96 and a beta of 0.98.

BBVA Banco Frances (NYSE:BBAR) last released its quarterly earnings data on Friday, August 14th. The bank reported $0.42 earnings per share (EPS) for the quarter. The firm had revenue of $835.60 million during the quarter. BBVA Banco Frances had a net margin of 4.16% and a return on equity of 7.56%. On average, analysts expect that BBVA Banco Frances S.A. will post 1.71 EPS for the current fiscal year.

Institutional Trading of BBVA Banco Frances

Several institutional investors have recently made changes to their positions in the company. Deltec Asset Management LLC raised its position in BBVA Banco Frances by 14.5% in the third quarter. Deltec Asset Management LLC now owns 67,000 shares of the bank’s stock valued at $861,000 after purchasing an additional 8,500 shares during the period. Robeco Institutional Asset Management B.V. acquired a new stake in shares of BBVA Banco Frances during the 3rd quarter worth about $4,617,000. NewEdge Advisors LLC acquired a new stake in shares of BBVA Banco Frances during the 2nd quarter worth about $311,000. XP Advisory US Inc. purchased a new stake in BBVA Banco Frances in the 2nd quarter valued at about $63,000. Finally, OceanIQ Capital LLC purchased a new stake in BBVA Banco Frances in the 2nd quarter valued at about $249,000.

BBVA Banco Frances Company Profile

BBVA Banco Francés, now known as Banco BBVA Argentina SA, is an Argentine financial institution that operates as part of the global BBVA Group. The bank traces its origins to Banco Francés del Río de la Plata, founded in 1886, and adopted the BBVA Argentina name as part of the broader BBVA brand integration.

The company provides banking and financial services to individuals, small and medium-sized businesses, corporations and public-sector customers in Argentina. Its offerings include checking and savings accounts, consumer and commercial loans, credit and debit cards, payment services, foreign-exchange services, investment products and digital banking tools.

BBVA Argentina serves customers through a combination of branches, automated banking facilities and online and mobile channels.