BBVA Banco Frances (NYSE:BBAR) Issues Quarterly Earnings Results, Beats Estimates By $0.10 EPS

BBVA Banco Frances (NYSE:BBAR) issued its earnings results on Tuesday. The bank reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.10, Zacks reports. BBVA Banco Frances had a net margin of 3.70% and a return on equity of 6.55%. The company had revenue of $822.07 million during the quarter, compared to analysts’ expectations of $686.31 million.

BBVA Banco Frances Trading Up 8.8%

Shares of BBVA Banco Frances stock opened at $16.63 on Wednesday. BBVA Banco Frances has a 12-month low of $7.76 and a 12-month high of $21.90. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.17. The stock has a market cap of $3.40 billion, a PE ratio of 20.04 and a beta of 0.92. The company has a 50-day moving average of $15.11 and a two-hundred day moving average of $16.29.

BBVA Banco Frances Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, April 27th. Shareholders of record on Monday, April 20th were issued a $0.0382 dividend. This represents a c) dividend on an annualized basis and a yield of 2.8%. This is a boost from BBVA Banco Frances’s previous monthly dividend of $0.04. The ex-dividend date of this dividend was Monday, April 20th. BBVA Banco Frances’s dividend payout ratio is 54.22%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Fox Run Management L.L.C. purchased a new position in BBVA Banco Frances in the fourth quarter valued at about $457,000. GAM Holding AG increased its holdings in BBVA Banco Frances by 70.5% in the fourth quarter. GAM Holding AG now owns 49,361 shares of the bank’s stock valued at $892,000 after buying an additional 20,402 shares in the last quarter. PointState Capital LP increased its holdings in BBVA Banco Frances by 60.5% in the fourth quarter. PointState Capital LP now owns 2,668,038 shares of the bank’s stock valued at $48,211,000 after buying an additional 1,005,978 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in BBVA Banco Frances by 9.8% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,021,521 shares of the bank’s stock valued at $33,274,000 after buying an additional 180,137 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in BBVA Banco Frances by 3,633.8% in the fourth quarter. Millennium Management LLC now owns 613,832 shares of the bank’s stock valued at $11,092,000 after buying an additional 597,392 shares in the last quarter.

BBVA Banco Frances Company Profile

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.