Banco BBVA Argentina (NYSE:BBAR) Stock Price Up 4% – Should You Buy?

Shares of Banco BBVA Argentina S.A. (NYSE:BBAR) were up 4% during mid-day trading on Tuesday . The stock traded as high as $19.89 and last traded at $19.78. Approximately 252,800 shares traded hands during trading, a decline of 69% from the average daily volume of 827,823 shares. The stock had previously closed at $19.01.

Analyst Upgrades and Downgrades

BBAR has been the subject of a number of research analyst reports. Morgan Stanley upgraded Banco BBVA Argentina from an “underweight” rating to an “overweight” rating and set a $27.00 price target for the company in a research report on Monday, December 16th. StockNews.com downgraded shares of Banco BBVA Argentina from a “buy” rating to a “hold” rating in a report on Tuesday, December 24th.

Banco BBVA Argentina Stock Down 2.4 %

The company has a debt-to-equity ratio of 0.09, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a 50-day simple moving average of $20.06 and a two-hundred day simple moving average of $17.03. The company has a market cap of $3.90 billion, a PE ratio of 9.96 and a beta of 1.41.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio purchased a new stake in shares of Banco BBVA Argentina during the fourth quarter worth about $1,742,000. Point72 Asset Management L.P. raised its holdings in Banco BBVA Argentina by 42.6% in the 4th quarter. Point72 Asset Management L.P. now owns 61,600 shares of the bank’s stock valued at $1,174,000 after acquiring an additional 18,400 shares during the last quarter. PointState Capital LP lifted its stake in shares of Banco BBVA Argentina by 47.7% during the 4th quarter. PointState Capital LP now owns 2,458,304 shares of the bank’s stock worth $46,855,000 after purchasing an additional 793,411 shares during the period. Millennium Management LLC lifted its stake in shares of Banco BBVA Argentina by 695.8% during the 4th quarter. Millennium Management LLC now owns 523,438 shares of the bank’s stock worth $9,977,000 after purchasing an additional 457,663 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Banco BBVA Argentina by 93.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,733,785 shares of the bank’s stock worth $33,046,000 after purchasing an additional 836,688 shares during the last quarter.

Banco BBVA Argentina Company Profile

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.