BBVA Banco Frances (NYSE:BBAR) Hits New 12-Month High – Here’s Why

BBVA Banco Frances S.A. (NYSE:BBAR)’s share price hit a new 52-week high on Wednesday . The company traded as high as $21.38 and last traded at $20.86, with a volume of 60174 shares changing hands. The stock had previously closed at $20.58.

BBVA Banco Frances Stock Performance

The stock has a market cap of $4.48 billion, a PE ratio of 26.74 and a beta of 0.99. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.10 and a quick ratio of 1.04. The stock has a 50-day simple moving average of $16.60 and a 200-day simple moving average of $16.72.

BBVA Banco Frances (NYSE:BBAR) last released its quarterly earnings data on Friday, May 15th. The bank reported $0.28 EPS for the quarter. The company had revenue of $822.07 million for the quarter. BBVA Banco Frances had a return on equity of 6.27% and a net margin of 3.44%. Equities analysts predict that BBVA Banco Frances S.A. will post 1.59 earnings per share for the current fiscal year.

BBVA Banco Frances Announces Dividend

The firm also recently declared a dividend, which was paid on Thursday, June 18th. Investors of record on Friday, June 12th were issued a $0.0131 dividend. The ex-dividend date was Friday, June 12th. BBVA Banco Frances’s dividend payout ratio (DPR) is presently 36.59%.

Institutional Investors Weigh In On BBVA Banco Frances

Several institutional investors have recently bought and sold shares of BBAR. Carter Financial Group INC. acquired a new stake in shares of BBVA Banco Frances in the first quarter worth $150,000. Alpine Global Management LLC acquired a new position in shares of BBVA Banco Frances during the 4th quarter valued at $4,042,000. PointState Capital LP boosted its position in BBVA Banco Frances by 60.5% during the 4th quarter. PointState Capital LP now owns 2,668,038 shares of the bank’s stock worth $48,211,000 after purchasing an additional 1,005,978 shares during the period. Millennium Management LLC boosted its position in BBVA Banco Frances by 3,633.8% during the 4th quarter. Millennium Management LLC now owns 613,832 shares of the bank’s stock worth $11,092,000 after purchasing an additional 597,392 shares during the period. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in BBVA Banco Frances in the 4th quarter valued at $224,000.

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.