BBVA Banco Frances (NYSE:BBAR) Shares Up 8.5% Following Better-Than-Expected Earnings

BBVA Banco Frances S.A. (NYSE:BBAR)’s share price rose 8.5% during trading on Wednesday following a better than expected earnings announcement. The stock traded as high as $18.25 and last traded at $18.0650. Approximately 952,500 shares were traded during trading, an increase of 39% from the average daily volume of 686,926 shares. The stock had previously closed at $16.65.

The bank reported $0.28 EPS for the quarter. BBVA Banco Frances had a return on equity of 6.55% and a net margin of 3.70%.The company had revenue of $822.07 million during the quarter.

BBVA Banco Frances Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, April 27th. Shareholders of record on Monday, April 20th were issued a dividend of $0.0382 per share. The ex-dividend date of this dividend was Monday, April 20th. This represents a c) annualized dividend and a yield of 2.6%. This is an increase from BBVA Banco Frances’s previous monthly dividend of $0.04. BBVA Banco Frances’s dividend payout ratio (DPR) is 54.22%.

Institutional Trading of BBVA Banco Frances

Several hedge funds and other institutional investors have recently bought and sold shares of BBAR. Fourth Sail Capital LP raised its stake in BBVA Banco Frances by 6.7% during the fourth quarter. Fourth Sail Capital LP now owns 2,847,061 shares of the bank’s stock valued at $51,446,000 after buying an additional 177,799 shares in the last quarter. PointState Capital LP grew its position 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 worth $48,211,000 after acquiring an additional 1,005,978 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings 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 valued at $33,274,000 after acquiring an additional 180,137 shares during the last quarter. Samlyn Capital LLC increased its holdings in shares of BBVA Banco Frances by 6.6% in the 3rd quarter. Samlyn Capital LLC now owns 1,944,429 shares of the bank’s stock valued at $16,178,000 after acquiring an additional 120,185 shares during the last quarter. Finally, Aquamarine Financial Cayman Ltd raised its position in shares of BBVA Banco Frances by 103.8% during the 4th quarter. Aquamarine Financial Cayman Ltd now owns 1,141,305 shares of the bank’s stock valued at $20,623,000 after acquiring an additional 581,305 shares in the last quarter.

BBVA Banco Frances Price Performance

The stock has a market capitalization of $3.67 billion, a P/E ratio of 21.67 and a beta of 0.92. The company has a 50 day moving average of $15.11 and a 200-day moving average of $16.29. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.17.

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.