BBVA Banco Frances (NYSE:BBAR) Cut to “Sell” at Wall Street Zen

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

A number of other brokerages have also weighed in on BBAR. Hsbc Global Res raised BBVA Banco Frances to a “strong-buy” rating in a report on Wednesday, October 1st. Zacks Research raised shares of BBVA Banco Frances from a “strong sell” rating to a “hold” rating in a research note on Monday, November 3rd. Itau BBA Securities upgraded shares of BBVA Banco Frances from a “market perform” rating to an “outperform” rating in a research note on Monday, October 27th. HSBC raised shares of BBVA Banco Frances from a “hold” rating to a “buy” rating and decreased their price objective for the stock from $21.00 to $17.00 in a report on Wednesday, October 1st. Finally, The Goldman Sachs Group raised shares of BBVA Banco Frances to a “strong-buy” rating in a report on Monday, November 10th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, BBVA Banco Frances has a consensus rating of “Buy” and an average target price of $20.67.

BBVA Banco Frances Stock Down 0.5%

BBAR stock opened at $15.53 on Friday. BBVA Banco Frances has a one year low of $7.76 and a one year high of $25.01. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.11 and a current ratio of 1.11. The company has a fifty day moving average of $11.27 and a 200-day moving average of $14.91. The stock has a market capitalization of $3.17 billion, a PE ratio of 11.59 and a beta of 1.19.

BBVA Banco Frances (NYSE:BBAR) last announced its quarterly earnings data on Wednesday, August 20th. The bank reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.13). BBVA Banco Frances had a net margin of 6.65% and a return on equity of 10.24%. The firm had revenue of $524.41 million during the quarter, compared to analyst estimates of $727.31 billion. As a group, analysts expect that BBVA Banco Frances will post 1.94 EPS for the current year.

BBVA Banco Frances Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 21st will be given a dividend of $0.033 per share. The ex-dividend date is Friday, November 21st. This is an increase from BBVA Banco Frances’s previous monthly dividend of $0.03. This represents a c) dividend on an annualized basis and a yield of 2.6%. BBVA Banco Frances’s dividend payout ratio (DPR) is presently 29.10%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. SBI Securities Co. Ltd. lifted its stake in BBVA Banco Frances by 199.9% in the 2nd quarter. SBI Securities Co. Ltd. now owns 2,381 shares of the bank’s stock valued at $39,000 after buying an additional 1,587 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of BBVA Banco Frances in the third quarter worth $108,000. Virtu Financial LLC purchased a new stake in shares of BBVA Banco Frances in the third quarter valued at $109,000. Insigneo Advisory Services LLC acquired a new stake in shares of BBVA Banco Frances during the third quarter valued at $136,000. Finally, Fox Run Management L.L.C. purchased a new stake in BBVA Banco Frances during the 1st quarter worth about $211,000.

BBVA Banco Frances 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.