BBVA Banco Frances (NYSE:BBAR) Stock Gets Price Target Cut from UBS Group

BBVA Banco Frances (NYSE:BBAR) had its price target trimmed by UBS Group from $20.00 to $15.00 in a research report report published on Tuesday morning,Benzinga reports. The brokerage currently has a neutral rating on the bank’s stock.

Other equities analysts have also issued research reports about the stock. Wall Street Zen raised shares of BBVA Banco Frances from a “hold” rating to a “buy” rating in a research report on Sunday, September 6th. Citigroup downgraded shares of BBVA Banco Frances from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 2nd. Finally, Weiss Ratings upgraded shares of BBVA Banco Frances from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $15.00.

BBVA Banco Frances Stock Up 3.8%

BBAR opened at $12.99 on Tuesday. The company has a market capitalization of $2.65 billion, a PE ratio of 12.74 and a beta of 0.90. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.06 and a quick ratio of 1.06. BBVA Banco Frances has a fifty-two week low of $9.17 and a fifty-two week high of $22.47. The business has a 50-day moving average of $14.30 and a 200-day moving average of $16.48.

BBVA Banco Frances (NYSE:BBAR) last announced its quarterly earnings results on Friday, August 14th. The bank reported $0.42 EPS for the quarter. BBVA Banco Frances had a return on equity of 7.56% and a net margin of 4.16%. The business had revenue of $835.60 million during the quarter. Equities research analysts forecast that BBVA Banco Frances will post 1.71 EPS for the current fiscal year.

Institutional Trading of BBVA Banco Frances

Large investors have recently made changes to their positions in the stock. Alpine Global Management LLC acquired a new position in shares of BBVA Banco Frances during the 4th quarter valued at about $4,042,000. NewEdge Advisors LLC acquired a new stake in BBVA Banco Frances in the 2nd quarter worth approximately $311,000. OceanIQ Capital LLC acquired a new stake in BBVA Banco Frances in the 2nd quarter worth approximately $249,000. Carter Financial Group INC. bought a new stake in BBVA Banco Frances during the first quarter worth approximately $150,000. Finally, XP Advisory US Inc. bought a new stake in BBVA Banco Frances during the second quarter worth approximately $63,000.

BBVA Banco Frances Company Profile

BBVA Banco Francés, now known as Banco BBVA Argentina SA, is an Argentine financial institution and a subsidiary of the global BBVA Group. The bank provides banking and financial services to individuals, businesses, corporations and institutional clients throughout Argentina.

Its offerings include checking and savings accounts, consumer and commercial lending, mortgages, credit and debit cards, investment products, foreign-exchange services, payments and cash-management solutions. Through its corporate and investment banking operations, the bank also serves large companies and institutions with financing, transaction banking and related advisory services.

The institution traces its origins to Banco Francés del Río de la Plata, founded in Argentina in 1886.