BBVA Banco Frances (NYSE:BBAR) Cut to Hold at Wall Street Zen

Wall Street Zen downgraded shares of BBVA Banco Frances (NYSE:BBAR) from a buy rating to a hold rating in a research note released on Saturday,Wall Street Zen reports.

A number of other equities research analysts also recently weighed in on BBAR. Weiss Ratings upgraded BBVA Banco Frances from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. UBS Group lowered their price objective on BBVA Banco Frances from $20.00 to $15.00 and set a “neutral” rating for the company in a research report on Tuesday, October 13th. Finally, Citigroup lowered BBVA Banco Frances from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $15.00.

BBVA Banco Frances Stock Performance

Shares of BBVA Banco Frances stock opened at $12.12 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a 50 day simple moving average of $13.81 and a 200 day simple moving average of $16.34. BBVA Banco Frances has a fifty-two week low of $11.64 and a fifty-two week high of $22.47. The firm has a market cap of $2.48 billion, a P/E ratio of 11.89 and a beta of 0.90.

BBVA Banco Frances (NYSE:BBAR) last posted its quarterly earnings data on Friday, August 14th. The bank reported $0.42 earnings per share (EPS) for the quarter. The firm had revenue of $835.60 million for the quarter. BBVA Banco Frances had a return on equity of 7.56% and a net margin of 4.16%. Sell-side analysts predict that BBVA Banco Frances will post 1.71 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BBVA Banco Frances

Hedge funds and other institutional investors have recently bought and sold shares of the business. Robeco Institutional Asset Management B.V. bought a new stake in shares of BBVA Banco Frances during the 3rd quarter valued at approximately $4,617,000. NewEdge Advisors LLC bought a new position in BBVA Banco Frances in the 2nd quarter valued at approximately $311,000. OceanIQ Capital LLC bought a new position in BBVA Banco Frances in the 2nd quarter valued at approximately $249,000. Carter Financial Group INC. bought a new position in BBVA Banco Frances in the 1st quarter valued at approximately $150,000. Finally, Deltec Asset Management LLC boosted its position in BBVA Banco Frances by 14.5% in the third quarter. Deltec Asset Management LLC now owns 67,000 shares of the bank’s stock valued at $861,000 after buying an additional 8,500 shares in the last quarter.

About BBVA Banco Frances

BBVA Banco Francés, now known as Banco BBVA Argentina SA, is an Argentine financial institution that operates as part of the global BBVA Group. The bank traces its origins to Banco Francés del Río de la Plata, founded in 1886, and adopted the BBVA Argentina name as part of the broader BBVA brand integration.

The company provides banking and financial services to individuals, small and medium-sized businesses, corporations and public-sector customers in Argentina. Its offerings include checking and savings accounts, consumer and commercial loans, credit and debit cards, payment services, foreign-exchange services, investment products and digital banking tools.

BBVA Argentina serves customers through a combination of branches, automated banking facilities and online and mobile channels.