Banco BBVA Argentina (NYSE:BBAR) Shares Up 6.2% – Time to Buy?

Banco BBVA Argentina S.A. (NYSE:BBAR)’s stock price was up 6.2% during trading on Tuesday . The company traded as high as $23.10 and last traded at $23.02. Approximately 409,976 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 1,403,637 shares. The stock had previously closed at $21.67.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on BBAR shares. StockNews.com lowered shares of Banco BBVA Argentina from a “buy” rating to a “hold” rating in a research report on Tuesday, December 24th. Morgan Stanley raised shares of Banco BBVA Argentina from an “underweight” rating to an “overweight” rating and set a $27.00 price objective for the company in a research note on Monday, December 16th.

Banco BBVA Argentina Stock Performance

The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.90 and a current ratio of 0.99. The company has a market cap of $4.64 billion, a P/E ratio of 11.84 and a beta of 1.42. The firm has a 50 day moving average price of $18.43 and a 200-day moving average price of $13.29.

Hedge Funds Weigh In On Banco BBVA Argentina

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BBAR. Truist Financial Corp acquired a new stake in shares of Banco BBVA Argentina in the second quarter worth $167,000. SG Americas Securities LLC bought a new position in Banco BBVA Argentina in the 3rd quarter worth $246,000. Deltec Asset Management LLC acquired a new position in Banco BBVA Argentina during the 3rd quarter worth $334,000. NorthRock Partners LLC bought a new stake in Banco BBVA Argentina during the third quarter valued at about $363,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of Banco BBVA Argentina in the third quarter valued at about $237,000.

About Banco BBVA Argentina

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.