BBVA Banco Frances (NYSE:BBAR) Shares Down 5.7% – Should You Sell?

BBVA Banco Frances S.A. (NYSE:BBAR)’s stock price was down 5.7% during trading on Friday . The stock traded as low as $15.37 and last traded at $15.3410. Approximately 357,474 shares traded hands during mid-day trading, a decline of 48% from the average daily volume of 681,364 shares. The stock had previously closed at $16.26.

BBVA Banco Frances Trading Down 6.1%

The company has a market capitalization of $3.12 billion, a P/E ratio of 18.37 and a beta of 0.92. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.04 and a quick ratio of 1.04. The business’s 50-day moving average price is $15.02 and its two-hundred day moving average price is $16.31.

BBVA Banco Frances (NYSE:BBAR) last issued its quarterly earnings data on Wednesday, March 4th. The bank reported $0.18 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.16). BBVA Banco Frances had a return on equity of 6.55% and a net margin of 3.70%.The business had revenue of $337.36 million for the quarter, compared to analyst estimates of $874.92 billion. As a group, analysts forecast that BBVA Banco Frances S.A. will post 1.59 EPS for the current fiscal year.

BBVA Banco Frances Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, April 27th. Stockholders of record on Monday, April 20th were issued a dividend of $0.0382 per share. This is a boost from BBVA Banco Frances’s previous monthly dividend of $0.04. The ex-dividend date was Monday, April 20th. This represents a c) annualized dividend and a dividend yield of 3.0%. BBVA Banco Frances’s dividend payout ratio (DPR) is presently 54.22%.

Institutional Trading of BBVA Banco Frances

Several hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of BBVA Banco Frances by 54,175.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,171 shares of the bank’s stock valued at $39,000 after purchasing an additional 2,167 shares in the last quarter. Van ECK Associates Corp bought a new stake in BBVA Banco Frances in the 4th quarter valued at approximately $150,000. Carter Financial Group INC. acquired a new position in BBVA Banco Frances during the 1st quarter worth approximately $150,000. Barclays PLC lifted its position in shares of BBVA Banco Frances by 78.0% in the fourth quarter. Barclays PLC now owns 10,973 shares of the bank’s stock worth $198,000 after purchasing an additional 4,808 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC bought a new stake in shares of BBVA Banco Frances in the fourth quarter worth $224,000.

About BBVA Banco Frances

BBVA Banco Francés is one of Argentina’s leading financial institutions, operating as a subsidiary of the global banking group BBVA. The bank provides a full range of retail and commercial banking services to individuals, small and medium‐sized enterprises, large corporations and institutional clients. Its product suite spans deposit accounts, mortgages, personal and auto loans, credit and debit cards, transactional banking and digital solutions designed to meet the evolving needs of customers in both urban and regional markets.

Founded in Buenos Aires in the late 19th century, Banco Francés has developed a longstanding presence in Argentina’s financial sector.