Shares of BBVA Banco Frances S.A. (NYSE:BFR) have received a consensus rating of “Hold” from the eight brokerages that are currently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $23.00.
Several equities research analysts recently issued reports on the stock. ValuEngine lowered shares of BBVA Banco Frances from a “buy” rating to a “hold” rating in a report on Wednesday. Zacks Investment Research lowered shares of BBVA Banco Frances from a “buy” rating to a “hold” rating in a report on Thursday, January 18th. Santander lowered shares of BBVA Banco Frances from a “buy” rating to a “hold” rating in a report on Wednesday, January 17th. TheStreet raised shares of BBVA Banco Frances from a “c+” rating to a “b” rating in a report on Thursday, December 21st. Finally, Citigroup raised shares of BBVA Banco Frances from a “neutral” rating to a “buy” rating in a report on Monday, November 27th.
Institutional investors and hedge funds have recently bought and sold shares of the business. Quantbot Technologies LP bought a new stake in BBVA Banco Frances during the 3rd quarter worth approximately $102,000. Comerica Bank bought a new stake in BBVA Banco Frances during the 3rd quarter worth approximately $211,000. Wells Fargo & Company MN grew its holdings in BBVA Banco Frances by 2.4% during the 2nd quarter. Wells Fargo & Company MN now owns 12,018 shares of the bank’s stock worth $227,000 after acquiring an additional 277 shares during the last quarter. Amundi Pioneer Asset Management Inc. bought a new stake in BBVA Banco Frances during the 4th quarter worth approximately $307,000. Finally, Fisher Asset Management LLC grew its holdings in BBVA Banco Frances by 12.3% during the 3rd quarter. Fisher Asset Management LLC now owns 22,947 shares of the bank’s stock worth $468,000 after acquiring an additional 2,506 shares during the last quarter. 17.56% of the stock is currently owned by hedge funds and other institutional investors.
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About BBVA Banco Frances
BBVA Banco Frances SA (the Bank) is a provider of financial services to large corporations, small and medium-size companies (SMEs), as well as individual customers. The Bank is focused on the financial sector, through its activities related to banking/financial, pension fund manager and insurance. The Bank has all its operations, property and customers located in Argentina.
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