Zacks Investment Research Lowers BBVA Banco Frances (NYSE:BBAR) to Hold

Zacks Investment Research cut shares of BBVA Banco Frances (NYSE:BBAR) from a buy rating to a hold rating in a report released on Monday, Zacks.com reports.

According to Zacks, “Banco Frances del Rio de la Plata S.A. is a full-service banker for large corporations, middle market businesses and individuals. The Company operates approximately 74 branches in Argentina, 8 branches in Uruguay and a sibsidiary bank in the Cayman Islands. “

Several other equities research analysts have also weighed in on the stock. ValuEngine upgraded shares of BBVA Banco Frances from a strong sell rating to a sell rating in a research note on Wednesday, October 2nd. Morgan Stanley lowered shares of BBVA Banco Frances from an overweight rating to an underweight rating in a research note on Monday, August 12th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $4.00.

BBAR traded down $0.06 on Monday, hitting $3.43. 1,178,000 shares of the company’s stock were exchanged, compared to its average volume of 824,819. The firm has a market cap of $753.57 million, a PE ratio of -18.05 and a beta of 0.65. BBVA Banco Frances has a twelve month low of $3.35 and a twelve month high of $14.23. The stock has a fifty day moving average of $4.07 and a two-hundred day moving average of $8.21. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.09.

BBVA Banco Frances (NYSE:BBAR) last released its quarterly earnings data on Monday, August 12th. The bank reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.41. The business had revenue of $341.21 million for the quarter. On average, analysts predict that BBVA Banco Frances will post 1.81 EPS for the current year.

Large investors have recently made changes to their positions in the business. KBC Group NV acquired a new stake in shares of BBVA Banco Frances in the second quarter valued at approximately $51,000. Quadrant Capital Group LLC acquired a new stake in shares of BBVA Banco Frances in the third quarter valued at approximately $38,000. Gulf International Bank UK Ltd acquired a new stake in shares of BBVA Banco Frances in the second quarter valued at approximately $589,000. BP PLC acquired a new stake in shares of BBVA Banco Frances in the second quarter valued at approximately $147,000. Finally, Exane Derivatives increased its stake in shares of BBVA Banco Frances by 38.9% in the second quarter. Exane Derivatives now owns 17,734 shares of the bank’s stock valued at $201,000 after purchasing an additional 4,964 shares during the period. Institutional investors own 13.77% of the company’s stock.

BBVA Banco Frances Company Profile

BBVA Banco Francés SA, together with its subsidiaries, provides financial services to small and medium enterprises, and individual customers in Spain, Mexico, South America, the United States, Turkey, and rest of Eurasia. The company offers current, checking, and savings accounts, as well as demand and time deposits.

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