BBVA Banco Frances (NYSE:BBAR) Trading Down 7.9% – Here’s Why

BBVA Banco Frances S.A. (NYSE:BBAR)’s stock price fell 7.9% during mid-day trading on Thursday . The company traded as low as $19.33 and last traded at $19.2150. Approximately 305,207 shares were traded during mid-day trading, a decline of 56% from the average session volume of 691,118 shares. The stock had previously closed at $20.87.

Analyst Ratings Changes

BBAR has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of BBVA Banco Frances in a research note on Tuesday, July 14th. UBS Group boosted their target price on shares of BBVA Banco Frances from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday, July 10th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $18.50.

BBVA Banco Frances Trading Down 8.3%

The stock has a market cap of $3.91 billion, a PE ratio of 23.40 and a beta of 1.00. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.04 and a current ratio of 1.10. The company has a 50 day moving average of $18.75 and a two-hundred day moving average of $17.15.

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

BBVA Banco Frances Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, June 12th were given a dividend of $0.0131 per share. The ex-dividend date was Friday, June 12th. This represents a c) dividend on an annualized basis and a dividend yield of 0.8%. BBVA Banco Frances’s dividend payout ratio (DPR) is 100.00%.

Hedge Funds Weigh In On BBVA Banco Frances

A number of large investors have recently added to or reduced their stakes in the stock. Fourth Sail Capital LP lifted its holdings 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 purchasing an additional 177,799 shares in the last quarter. PointState Capital LP increased its stake in shares of BBVA Banco Frances by 60.5% during the fourth 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of BBVA Banco Frances by 9.8% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,021,521 shares of the bank’s stock worth $33,274,000 after purchasing an additional 180,137 shares in the last quarter. Samlyn Capital LLC raised its position in shares of BBVA Banco Frances by 6.6% during the 3rd quarter. Samlyn Capital LLC now owns 1,944,429 shares of the bank’s stock worth $16,178,000 after purchasing an additional 120,185 shares during the last quarter. Finally, Aquamarine Financial Cayman Ltd lifted its stake in BBVA Banco Frances by 103.8% in the 4th quarter. Aquamarine Financial Cayman Ltd now owns 1,141,305 shares of the bank’s stock valued at $20,623,000 after buying an additional 581,305 shares in the last quarter.

About BBVA Banco Frances

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.