Banco BBVA Argentina (NYSE:BBAR) Shares Up 7.7% – What’s Next?

Shares of Banco BBVA Argentina S.A. (NYSE:BBAR) were up 7.7% on Monday . The company traded as high as $24.29 and last traded at $23.98. Approximately 1,383,556 shares traded hands during mid-day trading, a decline of 8% from the average daily volume of 1,507,589 shares. The stock had previously closed at $22.26.

Analysts Set New Price Targets

A number of equities analysts have recently commented on BBAR shares. Morgan Stanley raised Banco BBVA Argentina from an “underweight” rating to an “overweight” rating and set a $27.00 price objective for the company in a research report on Monday, December 16th. StockNews.com cut shares of Banco BBVA Argentina from a “buy” rating to a “hold” rating in a report on Tuesday, December 24th.

Banco BBVA Argentina Trading Down 2.2 %

The company has a quick ratio of 0.90, a current ratio of 0.99 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $4.59 billion, a price-to-earnings ratio of 11.70 and a beta of 1.42. The company has a fifty day moving average of $17.57 and a two-hundred day moving average of $12.82.

Institutional Trading of Banco BBVA Argentina

Several hedge funds and other institutional investors have recently made changes to their positions in BBAR. GAMMA Investing LLC increased its position in shares of Banco BBVA Argentina by 123.8% in the fourth quarter. GAMMA Investing LLC now owns 4,171 shares of the bank’s stock valued at $79,000 after buying an additional 2,307 shares in the last quarter. XTX Topco Ltd purchased a new position in Banco BBVA Argentina during the 3rd quarter valued at about $136,000. Truist Financial Corp acquired a new position in Banco BBVA Argentina during the second quarter worth about $167,000. GSA Capital Partners LLP purchased a new stake in shares of Banco BBVA Argentina in the third quarter valued at about $237,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Banco BBVA Argentina in the third quarter valued at approximately $246,000.

Banco BBVA Argentina Company Profile

Banco BBVA Argentina SA provides various banking products and services to individuals and companies in Argentina. The company provides retail banking products and services, such as checking and savings accounts, time deposits, credit cards financing, consumer and pledge loans, mortgages, insurance, and investment products to individuals; and small and medium-sized companies products and services, including financing products, factoring, checking accounts, time deposits, transactional and payroll services, insurance, and investment products to private-sector companies.