Banco BBVA Argentina (NYSE:BBAR) Shares Gap Down – Here’s What Happened

Shares of Banco BBVA Argentina S.A. (NYSE:BBAR) gapped down before the market opened on Thursday . The stock had previously closed at $19.02, but opened at $18.03. Banco BBVA Argentina shares last traded at $19.70, with a volume of 142,889 shares trading hands.

Analysts Set New Price Targets

BBAR has been the subject of a number of recent research reports. Morgan Stanley upgraded shares of Banco BBVA Argentina from an “underweight” rating to an “overweight” rating and set a $27.00 target price for the company in a report on Monday, December 16th. StockNews.com lowered shares of Banco BBVA Argentina from a “buy” rating to a “hold” rating in a research note on Tuesday, December 24th.

Banco BBVA Argentina Price Performance

The stock has a 50-day moving average price of $20.96 and a two-hundred day moving average price of $16.13. The stock has a market cap of $3.91 billion, a price-to-earnings ratio of 9.97 and a beta of 1.41. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.09.

Institutional Investors Weigh In On Banco BBVA Argentina

Large investors have recently modified their holdings of the business. NorthRock Partners LLC acquired a new stake in Banco BBVA Argentina in the 3rd quarter worth approximately $363,000. GSA Capital Partners LLP purchased a new position in shares of Banco BBVA Argentina in the third quarter worth $237,000. Mirabella Financial Services LLP purchased a new position in shares of Banco BBVA Argentina in the third quarter worth $1,155,000. Sagil Capital LLP acquired a new stake in shares of Banco BBVA Argentina during the third quarter worth $2,131,000. Finally, Quantbot Technologies LP grew its holdings in shares of Banco BBVA Argentina by 694.6% during the third quarter. Quantbot Technologies LP now owns 27,612 shares of the bank’s stock valued at $286,000 after buying an additional 24,137 shares during the last quarter.

About Banco BBVA Argentina

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.