BBVA Banco Frances (NYSE:BBAR) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

BBVA Banco Frances S.A. (NYSE:BBAR) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $16.87 and traded as high as $19.79. BBVA Banco Frances shares last traded at $19.2930, with a volume of 432,192 shares trading hands.

BBVA Banco Frances Stock Performance

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 firm has a market capitalization of $3.94 billion, a P/E ratio of 23.53 and a beta of 0.99. The stock’s 50 day moving average is $17.05 and its two-hundred day moving average is $16.87.

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

BBVA Banco Frances Announces Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, June 12th were paid a $0.0131 dividend. The ex-dividend date of this dividend 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 is 19.51%.

Institutional Investors Weigh In On BBVA Banco Frances

Institutional investors have recently made changes to their positions in the stock. Clear Creek Financial Management LLC increased its holdings in BBVA Banco Frances by 2.3% in the fourth quarter. Clear Creek Financial Management LLC now owns 40,418 shares of the bank’s stock valued at $730,000 after purchasing an additional 899 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in BBVA Banco Frances by 54,175.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,171 shares of the bank’s stock worth $39,000 after buying an additional 2,167 shares during the last quarter. Barclays PLC grew its position in shares of BBVA Banco Frances by 78.0% during the 4th quarter. Barclays PLC now owns 10,973 shares of the bank’s stock worth $198,000 after buying an additional 4,808 shares during the period. Baader Bank Aktiengesellschaft increased its stake in shares of BBVA Banco Frances by 35.7% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 19,000 shares of the bank’s stock valued at $343,000 after acquiring an additional 5,000 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of BBVA Banco Frances by 26.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 39,830 shares of the bank’s stock valued at $720,000 after acquiring an additional 8,280 shares during the last quarter.

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.