BBVA Banco Frances S.A. $BBAR Shares Purchased by Clear Creek Financial Management LLC

Clear Creek Financial Management LLC boosted its position in BBVA Banco Frances S.A. (NYSE:BBAR) by 51.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,629 shares of the bank’s stock after acquiring an additional 12,164 shares during the quarter. Clear Creek Financial Management LLC’s holdings in BBVA Banco Frances were worth $586,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. PointState Capital LP boosted its holdings in BBVA Banco Frances by 36.1% in the first quarter. PointState Capital LP now owns 3,346,539 shares of the bank’s stock valued at $60,639,000 after acquiring an additional 888,235 shares during the last quarter. Samlyn Capital LLC boosted its holdings in BBVA Banco Frances by 30.8% in the first quarter. Samlyn Capital LLC now owns 1,852,539 shares of the bank’s stock valued at $33,568,000 after acquiring an additional 435,692 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in BBVA Banco Frances by 6.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,841,384 shares of the bank’s stock valued at $33,366,000 after acquiring an additional 107,599 shares during the last quarter. Ping Capital Management Inc. boosted its holdings in BBVA Banco Frances by 6.5% in the second quarter. Ping Capital Management Inc. now owns 745,900 shares of the bank’s stock valued at $12,278,000 after acquiring an additional 45,600 shares during the last quarter. Finally, Cubist Systematic Strategies LLC boosted its holdings in BBVA Banco Frances by 96.1% in the first quarter. Cubist Systematic Strategies LLC now owns 292,907 shares of the bank’s stock valued at $5,307,000 after acquiring an additional 143,557 shares during the last quarter.

BBVA Banco Frances Price Performance

Shares of NYSE BBAR opened at $9.22 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.11 and a quick ratio of 1.11. BBVA Banco Frances S.A. has a 1-year low of $7.76 and a 1-year high of $25.01. The business has a 50-day moving average of $11.73 and a 200-day moving average of $15.95. The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of 6.88 and a beta of 1.13.

BBVA Banco Frances (NYSE:BBAR) last released its quarterly earnings results on Wednesday, August 20th. The bank reported $0.24 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.13). BBVA Banco Frances had a return on equity of 10.24% and a net margin of 6.65%.The business had revenue of $524.41 million during the quarter, compared to analyst estimates of $727.31 billion. On average, equities analysts anticipate that BBVA Banco Frances S.A. will post 1.94 EPS for the current fiscal year.

BBVA Banco Frances Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, October 27th. Investors of record on Monday, October 20th will be paid a $0.0311 dividend. The ex-dividend date is Monday, October 20th. This represents a c) annualized dividend and a dividend yield of 4.0%. BBVA Banco Frances’s payout ratio is 29.85%.

Analyst Ratings Changes

BBAR has been the topic of a number of research analyst reports. Wall Street Zen upgraded BBVA Banco Frances from a “sell” rating to a “hold” rating in a report on Sunday, September 7th. Citigroup cut BBVA Banco Frances from a “buy” rating to a “hold” rating in a report on Thursday, September 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BBVA Banco Frances in a research report on Wednesday. Zacks Research downgraded BBVA Banco Frances from a “hold” rating to a “strong sell” rating in a research report on Monday, September 8th. Finally, HSBC raised BBVA Banco Frances from a “hold” rating to a “buy” rating and decreased their target price for the stock from $21.00 to $17.00 in a research report on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $20.67.

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.