BBVA Banco Frances (NYSE:BBAR) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

BBVA Banco Frances S.A. (NYSE:BBAR)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $17.19 and traded as high as $17.41. BBVA Banco Frances shares last traded at $17.25, with a volume of 466,879 shares.

Analyst Ratings Changes

Several research firms have recently commented on BBAR. UBS Group raised their price target on BBVA Banco Frances from $18.00 to $20.00 and gave the company a “neutral” rating in a report on Friday, July 10th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of BBVA Banco Frances in a research note on Tuesday, July 14th. Finally, Wall Street Zen upgraded shares of BBVA Banco Frances from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, BBVA Banco Frances presently has an average rating of “Moderate Buy” and an average target price of $18.50.

BBVA Banco Frances Stock Performance

The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 0.31. The stock’s 50 day moving average is $19.33 and its 200 day moving average is $17.18. The stock has a market capitalization of $3.25 billion, a price-to-earnings ratio of 19.43 and a beta of 1.02.

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

BBVA Banco Frances Announces Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, June 12th were given a dividend of $0.0131 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a c) annualized dividend and a yield of 1.0%. BBVA Banco Frances’s dividend payout ratio (DPR) is presently 102.44%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BBAR. Northwestern Mutual Wealth Management Co. boosted its stake in shares of BBVA Banco Frances by 54,175.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,171 shares of the bank’s stock worth $39,000 after purchasing an additional 2,167 shares during the last quarter. Virtu Financial LLC purchased a new stake in BBVA Banco Frances in the 3rd quarter worth approximately $109,000. Carter Financial Group INC. acquired a new position in BBVA Banco Frances in the 1st quarter valued at $150,000. Van ECK Associates Corp purchased a new position in shares of BBVA Banco Frances during the 4th quarter worth $150,000. Finally, Barclays PLC boosted its holdings 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 worth $198,000 after purchasing an additional 4,808 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.