Banco BBVA Argentina (NYSE:BBAR) Cut to “Hold” at StockNews.com

StockNews.com lowered shares of Banco BBVA Argentina (NYSE:BBAR) from a buy rating to a hold rating in a research note released on Tuesday.

Separately, Morgan Stanley raised shares of Banco BBVA Argentina from an “underweight” rating to an “overweight” rating and set a $27.00 price objective for the company in a research note on Monday, December 16th.

Banco BBVA Argentina Stock Up 0.5 %

Shares of BBAR opened at $19.56 on Tuesday. The business’s 50 day simple moving average is $16.04 and its 200-day simple moving average is $12.11. Banco BBVA Argentina has a 1 year low of $4.63 and a 1 year high of $20.00. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.99 and a quick ratio of 0.90. The stock has a market capitalization of $3.99 billion, a price-to-earnings ratio of 10.19 and a beta of 1.49.

Institutional Trading of Banco BBVA Argentina

Several hedge funds have recently modified their holdings of the company. XTX Topco Ltd purchased a new position in shares of Banco BBVA Argentina in the 3rd quarter worth approximately $136,000. Truist Financial Corp purchased a new position in Banco BBVA Argentina in the second quarter worth $167,000. GSA Capital Partners LLP acquired a new position in shares of Banco BBVA Argentina during the third quarter worth $237,000. SG Americas Securities LLC acquired a new position in shares of Banco BBVA Argentina during the third quarter worth $246,000. Finally, Channing Global Advisors LLC purchased a new stake in shares of Banco BBVA Argentina during the 3rd quarter valued at $247,000.

About Banco BBVA Argentina

Banco BBVA Argentina SA provides various banking products and services to individuals and companies in Argentina. The company provides retail banking products and services, such as checking and savings accounts, time deposits, credit cards financing, consumer and pledge loans, mortgages, insurance, and investment products to individuals; and small and medium-sized companies products and services, including financing products, factoring, checking accounts, time deposits, transactional and payroll services, insurance, and investment products to private-sector companies.