BBVA Banco Frances (NYSE:BBAR) Stock Price Up 3.9% – Time to Buy?

BBVA Banco Frances S.A. (NYSE:BBAR) shares rose 3.9% on Monday . The company traded as high as $15.03 and last traded at $15.0380. Approximately 281,923 shares changed hands during trading, a decline of 59% from the average session volume of 691,538 shares. The stock had previously closed at $14.47.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of BBVA Banco Frances in a research report on Tuesday, July 14th. Wall Street Zen downgraded shares of BBVA Banco Frances from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, UBS Group boosted 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. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $18.50.

BBVA Banco Frances Trading Up 4.9%

The company has a quick ratio of 1.10, a current ratio of 1.06 and a debt-to-equity ratio of 0.33. The stock’s 50 day moving average is $18.14 and its two-hundred day moving average is $16.77. The company has a market capitalization of $3.10 billion, a PE ratio of 14.88 and a beta of 1.02.

BBVA Banco Frances (NYSE:BBAR) last announced its quarterly earnings results on Friday, August 14th. The bank reported $0.42 earnings per share for the quarter. The firm 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%. As a group, sell-side analysts predict that BBVA Banco Frances S.A. will post 1.59 EPS for the current fiscal year.

BBVA Banco Frances Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, June 12th were paid a dividend of $0.0131 per share. This represents a c) dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Friday, June 12th. BBVA Banco Frances’s dividend payout ratio is 82.35%.

Hedge Funds Weigh In On BBVA Banco Frances

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fourth Sail Capital LP raised its holdings in BBVA Banco Frances by 6.7% in the fourth quarter. Fourth Sail Capital LP now owns 2,847,061 shares of the bank’s stock worth $51,446,000 after purchasing an additional 177,799 shares in the last quarter. PointState Capital LP boosted its holdings in shares of BBVA Banco Frances by 60.5% in the 4th quarter. PointState Capital LP now owns 2,668,038 shares of the bank’s stock valued at $48,211,000 after buying an additional 1,005,978 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of BBVA Banco Frances by 9.8% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,021,521 shares of the bank’s stock worth $33,274,000 after buying an additional 180,137 shares during the last quarter. Samlyn Capital LLC raised its stake in shares of BBVA Banco Frances by 6.6% during the 3rd quarter. Samlyn Capital LLC now owns 1,944,429 shares of the bank’s stock worth $16,178,000 after acquiring an additional 120,185 shares in the last quarter. Finally, Millennium Management LLC lifted its position in BBVA Banco Frances by 3,633.8% during the fourth quarter. Millennium Management LLC now owns 613,832 shares of the bank’s stock valued at $11,092,000 after acquiring an additional 597,392 shares during the last quarter.

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.