Fox Run Management L.L.C. Purchases Shares of 11,668 BBVA Banco Frances S.A. $BBAR

Fox Run Management L.L.C. acquired a new position in shares of BBVA Banco Frances S.A. (NYSE:BBAR) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 11,668 shares of the bank’s stock, valued at approximately $211,000.

Other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in BBVA Banco Frances by 27.1% during the first quarter. GAMMA Investing LLC now owns 5,303 shares of the bank’s stock worth $96,000 after buying an additional 1,132 shares during the period. Private Advisor Group LLC acquired a new position in shares of BBVA Banco Frances during the 1st quarter valued at about $224,000. NewEdge Advisors LLC lifted its holdings 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 worth $281,000 after acquiring an additional 13,729 shares during the period. XTX Topco Ltd boosted its position in shares of BBVA Banco Frances by 25.7% in the fourth quarter. XTX Topco Ltd now owns 16,521 shares of the bank’s stock worth $315,000 after acquiring an additional 3,378 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft purchased a new stake in BBVA Banco Frances in the first quarter valued at approximately $312,000.

BBVA Banco Frances Trading Down 0.1%

Shares of BBAR stock opened at $14.9260 on Thursday. The stock has a market cap of $3.05 billion, a price-to-earnings ratio of 8.73 and a beta of 1.18. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.19. BBVA Banco Frances S.A. has a fifty-two week low of $9.19 and a fifty-two week high of $25.01. The firm’s 50 day moving average price is $16.16 and its two-hundred day moving average price is $18.28.

BBVA Banco Frances (NYSE:BBAR) last issued its earnings results on Wednesday, May 21st. The bank reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.02. The business had revenue of $667.94 million for the quarter, compared to the consensus estimate of $751.69 billion. BBVA Banco Frances had a net margin of 8.31% and a return on equity of 13.53%. On average, analysts anticipate that BBVA Banco Frances S.A. will post 1.94 EPS for the current year.

BBVA Banco Frances Announces Dividend

The business also recently disclosed a dividend, which will be paid on Monday, August 25th. Shareholders of record on Tuesday, August 19th will be given a $0.0221 dividend. The ex-dividend date of this dividend is Monday, August 18th. This represents a yield of 167.0%. BBVA Banco Frances’s dividend payout ratio (DPR) is 15.79%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BBAR. Wall Street Zen downgraded shares of BBVA Banco Frances from a “buy” rating to a “hold” rating in a research note on Sunday, August 10th. Itau BBA Securities began coverage on BBVA Banco Frances in a report on Tuesday, May 20th. They set a “market perform” rating and a $18.00 price objective for the company. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $22.50.

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.