BBVA Banco Frances (NYSE:BBAR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of BBVA Banco Frances (NYSE:BBAR) from a hold rating to a buy rating in a research report released on Saturday morning.

Separately, Itau BBA Securities started coverage on BBVA Banco Frances in a research note on Tuesday, May 20th. They issued a “market perform” rating and a $18.00 target price on the stock.

BBVA Banco Frances Trading Down 1.7%

NYSE BBAR opened at $16.31 on Friday. The business’s fifty day moving average is $19.76 and its 200-day moving average is $19.63. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.05 and a quick ratio of 1.10. The stock has a market capitalization of $3.33 billion, a price-to-earnings ratio of 9.54 and a beta of 1.27. BBVA Banco Frances has a one year low of $7.05 and a one year high of $25.01.

BBVA Banco Frances (NYSE:BBAR) last released its earnings results on Wednesday, May 21st. The bank reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.02. BBVA Banco Frances had a net margin of 8.31% and a return on equity of 13.53%. The firm had revenue of $667.94 million for the quarter, compared to analysts’ expectations of $751.69 billion. Equities research analysts predict that BBVA Banco Frances will post 1.94 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. lifted its holdings in shares of BBVA Banco Frances by 38.0% in the fourth quarter. Blue Trust Inc. now owns 2,488 shares of the bank’s stock worth $47,000 after buying an additional 685 shares in the last quarter. GAMMA Investing LLC lifted its stake in BBVA Banco Frances by 27.1% in the 1st quarter. GAMMA Investing LLC now owns 5,303 shares of the bank’s stock worth $96,000 after purchasing an additional 1,132 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in BBVA Banco Frances in the 1st quarter worth approximately $211,000. Private Advisor Group LLC bought a new position in BBVA Banco Frances in the 1st quarter valued at $224,000. Finally, NewEdge Advisors LLC grew its position in shares of BBVA Banco Frances by 1,332.9% during the 4th quarter. NewEdge Advisors LLC now owns 14,759 shares of the bank’s stock valued at $281,000 after purchasing an additional 13,729 shares in the last quarter.

About BBVA Banco Frances

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.