BBVA Banco Frances (NYSE:BBAR) Reaches New 52-Week High – Still a Buy?

BBVA Banco Frances S.A. (NYSE:BBAR)’s share price hit a new 52-week high on Wednesday . The company traded as high as $21.38 and last traded at $20.86, with a volume of 60174 shares. The stock had previously closed at $20.58.

BBVA Banco Frances Price Performance

The company has a 50 day moving average of $16.37 and a 200 day moving average of $16.64. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $4.29 billion, a price-to-earnings ratio of 25.53 and a beta of 0.99.

BBVA Banco Frances (NYSE:BBAR) last posted its quarterly earnings data on Friday, May 15th. The bank reported $0.28 EPS for the quarter. BBVA Banco Frances had a net margin of 3.44% and a return on equity of 6.27%. The company had revenue of $822.07 million during the quarter. As a group, equities research analysts forecast that BBVA Banco Frances S.A. will post 1.59 EPS for the current fiscal year.

BBVA Banco Frances Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, April 27th. Shareholders of record on Monday, April 20th were paid a dividend of $0.0382 per share. This is a boost from BBVA Banco Frances’s previous monthly dividend of $0.04. This represents a c) annualized dividend and a yield of 2.2%. The ex-dividend date was Monday, April 20th. BBVA Banco Frances’s payout ratio is currently 53.66%.

Institutional Trading of BBVA Banco Frances

Institutional investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. grew its position in 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 acquiring an additional 2,167 shares in the last quarter. Van ECK Associates Corp bought a new stake in shares of BBVA Banco Frances in the 4th quarter worth about $150,000. Carter Financial Group INC. acquired a new stake in shares of BBVA Banco Frances during the first quarter worth $150,000. Barclays PLC boosted its holdings in shares of BBVA Banco Frances by 78.0% in the 4th quarter. Barclays PLC now owns 10,973 shares of the bank’s stock valued at $198,000 after buying an additional 4,808 shares during the period. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in BBVA Banco Frances during the fourth quarter worth about $224,000.

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.