Channing Global Advisors LLC Takes Position in BBVA Banco Frances S.A. $BBAR

Channing Global Advisors LLC purchased a new stake in BBVA Banco Frances S.A. (NYSE:BBAR) in the 4th quarter, Holdings Channel reports. The firm purchased 28,045 shares of the bank’s stock, valued at approximately $507,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Clear Creek Financial Management LLC grew its holdings in shares of BBVA Banco Frances by 2.3% in the 4th quarter. Clear Creek Financial Management LLC now owns 40,418 shares of the bank’s stock valued at $730,000 after buying an additional 899 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in shares of BBVA Banco Frances by 54,175.0% in the 4th 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. Baader Bank Aktiengesellschaft grew its holdings in shares of BBVA Banco Frances by 35.7% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 19,000 shares of the bank’s stock valued at $343,000 after buying an additional 5,000 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of BBVA Banco Frances by 123.3% in the 2nd quarter. BNP Paribas Financial Markets now owns 15,301 shares of the bank’s stock valued at $252,000 after buying an additional 8,450 shares during the period. Finally, NewEdge Advisors LLC boosted its stake 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 period.

BBVA Banco Frances Price Performance

Shares of NYSE BBAR opened at $18.79 on Tuesday. The firm has a market cap of $3.84 billion, a PE ratio of 22.91 and a beta of 0.92. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 0.31. BBVA Banco Frances S.A. has a 1-year low of $7.76 and a 1-year high of $21.38. The company has a fifty day moving average price of $15.50 and a 200 day moving average price of $16.35.

BBVA Banco Frances (NYSE:BBAR) last announced its earnings results on Friday, May 15th. The bank reported $0.28 earnings per share for the quarter. The firm had revenue of $822.07 million during the quarter. BBVA Banco Frances had a net margin of 3.44% and a return on equity of 6.27%. Research analysts predict that BBVA Banco Frances S.A. will post 1.59 earnings per share for the current fiscal year.

BBVA Banco Frances Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, April 27th. Investors of record on Monday, April 20th were paid a $0.0382 dividend. This represents a c) dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Monday, April 20th. This is a boost from BBVA Banco Frances’s previous monthly dividend of $0.04. BBVA Banco Frances’s dividend payout ratio (DPR) is currently 54.88%.

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.