BBVA Banco Frances (NYSE:BBAR) Issues Earnings Results, Misses Estimates By $0.16 EPS

BBVA Banco Frances (NYSE:BBAR) released its quarterly earnings results on Wednesday. The bank reported $0.18 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.16), FiscalAI reports. The firm had revenue of $337.36 million for the quarter, compared to analyst estimates of $874.92 billion. BBVA Banco Frances had a return on equity of 7.43% and a net margin of 4.46%.

BBVA Banco Frances Price Performance

Shares of NYSE BBAR traded up $0.24 during midday trading on Wednesday, hitting $14.19. The company had a trading volume of 518,953 shares, compared to its average volume of 719,159. The firm has a market capitalization of $2.90 billion, a price-to-earnings ratio of 14.94 and a beta of 1.10. BBVA Banco Frances has a twelve month low of $7.76 and a twelve month high of $23.10. The business has a 50-day simple moving average of $17.85 and a two-hundred day simple moving average of $14.72. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.32.

BBVA Banco Frances Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, February 26th. Stockholders of record on Thursday, February 19th were issued a $0.0357 dividend. The ex-dividend date was Thursday, February 19th. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. This is a boost from BBVA Banco Frances’s previous monthly dividend of $0.03. BBVA Banco Frances’s payout ratio is 44.21%.

Analyst Ratings Changes

BBAR has been the topic of several research reports. Wall Street Zen raised shares of BBVA Banco Frances from a “sell” rating to a “hold” rating in a research report on Friday, November 28th. The Goldman Sachs Group raised BBVA Banco Frances to a “strong-buy” rating in a report on Monday, November 10th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of BBVA Banco Frances in a research note on Monday, December 29th. Finally, UBS Group assumed coverage on BBVA Banco Frances in a research report on Wednesday, November 19th. They set a “hold” rating and a $18.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $17.67.

Institutional Investors Weigh In On BBVA Banco Frances

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. 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. Van ECK Associates Corp purchased a new stake in BBVA Banco Frances in the 4th quarter worth approximately $150,000. Barclays PLC raised its holdings in BBVA Banco Frances by 78.0% in the 4th quarter. Barclays PLC now owns 10,973 shares of the bank’s stock valued at $198,000 after acquiring an additional 4,808 shares during the last quarter. Schonfeld Strategic Advisors LLC purchased a new position in shares of BBVA Banco Frances during the 4th quarter worth $224,000. Finally, Virtu Financial LLC acquired a new stake in shares of BBVA Banco Frances during the third quarter worth $109,000.

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.