Banco BBVA Argentina (NYSE:BBAR) Downgraded by StockNews.com

StockNews.com downgraded shares of Banco BBVA Argentina (NYSE:BBAR – Get Rating) from a buy rating to a hold rating in a research report report published on Wednesday morning.

Separately, TheStreet upgraded Banco BBVA Argentina from a c+ rating to a b- rating in a research note on Tuesday, October 4th.

Banco BBVA Argentina Price Performance

Shares of Banco BBVA Argentina stock opened at $4.29 on Wednesday. The business has a 50-day moving average of $3.84 and a 200-day moving average of $3.26. The company has a market capitalization of $876.19 million, a PE ratio of 2.96 and a beta of 1.18. Banco BBVA Argentina has a 1-year low of $2.03 and a 1-year high of $5.11.

Banco BBVA Argentina (NYSE:BBAR – Get Rating) last posted its quarterly earnings results on Tuesday, November 22nd. The bank reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.15. The business had revenue of $695.56 million during the quarter. Banco BBVA Argentina had a return on equity of 15.23% and a net margin of 7.27%.

Banco BBVA Argentina Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, January 4th. Shareholders of record on Tuesday, December 27th were paid a $0.0162 dividend. The ex-dividend date of this dividend was Friday, December 23rd. This represents a $0.19 dividend on an annualized basis and a yield of 4.52%. Banco BBVA Argentina’s payout ratio is currently 13.10%.

Hedge Funds Weigh In On Banco BBVA Argentina

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership boosted its stake in Banco BBVA Argentina by 32.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 698,352 shares of the bank’s stock valued at $2,479,000 after acquiring an additional 173,057 shares during the period. State Street Corp boosted its stake in Banco BBVA Argentina by 3.4% in the third quarter. State Street Corp now owns 532,090 shares of the bank’s stock valued at $1,612,000 after acquiring an additional 17,580 shares during the period. Renaissance Technologies LLC boosted its stake in Banco BBVA Argentina by 233.5% in the first quarter. Renaissance Technologies LLC now owns 317,588 shares of the bank’s stock valued at $1,127,000 after acquiring an additional 222,368 shares during the period. Verition Fund Management LLC acquired a new position in Banco BBVA Argentina in the first quarter valued at approximately $976,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in Banco BBVA Argentina by 12.2% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 181,663 shares of the bank’s stock valued at $434,000 after acquiring an additional 19,724 shares during the period. 1.75% of the stock is currently owned by institutional investors and hedge funds.

Banco BBVA Argentina Company Profile

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Banco BBVA Argentina SA engages in the provision of banking and financial services. It operates through the following business lines: retail banking; small and medium-sized companies; and corporate and investment banking (CIB). The retail banking business includes checking and savings accounts, time deposits, credit cards, personal and auto loans, mortgages, insurance, and investment products.