BBVA Banco Frances (NYSE:BBAR) Releases Quarterly Earnings Results, Beats Expectations By $0.10 EPS

BBVA Banco Frances (NYSE:BBAR) released its quarterly earnings data on Tuesday. The bank reported $0.27 EPS for the quarter, beating the consensus estimate of $0.17 by $0.10, Zacks reports. BBVA Banco Frances had a return on equity of 6.39% and a net margin of 3.44%.The company had revenue of $822.07 million for the quarter, compared to analysts’ expectations of $686.31 million.

BBVA Banco Frances Trading Up 5.0%

BBVA Banco Frances stock opened at $17.48 on Thursday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.04 and a quick ratio of 1.04. BBVA Banco Frances has a one year low of $7.76 and a one year high of $21.38. The stock has a market capitalization of $3.57 billion, a PE ratio of 21.32 and a beta of 0.92. The business’s fifty day moving average is $15.20 and its 200 day moving average is $16.29.

BBVA Banco Frances Increases Dividend

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

Institutional Investors Weigh In On BBVA Banco Frances

Several institutional investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. boosted its position in BBVA Banco Frances by 54,175.0% in the fourth 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. Virtu Financial LLC purchased a new position in BBVA Banco Frances in the third quarter worth about $109,000. Van ECK Associates Corp purchased a new position in BBVA Banco Frances in the fourth quarter worth about $150,000. Barclays PLC boosted its position in BBVA Banco Frances by 78.0% in the fourth quarter. Barclays PLC now owns 10,973 shares of the bank’s stock worth $198,000 after purchasing an additional 4,808 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC purchased a new position in BBVA Banco Frances in the fourth quarter worth about $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.