Fourth Sail Capital LP Makes New $29.40 Million Investment in BBVA Banco Frances S.A. $BBAR

Fourth Sail Capital LP purchased a new position in BBVA Banco Frances S.A. (NYSE:BBAR) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 1,786,085 shares of the bank’s stock, valued at approximately $29,399,000. BBVA Banco Frances comprises approximately 6.1% of Fourth Sail Capital LP’s holdings, making the stock its 4th largest holding.

A number of other institutional investors have also modified their holdings of the stock. Fox Run Management L.L.C. purchased a new stake in BBVA Banco Frances in the 1st quarter worth $211,000. Private Advisor Group LLC acquired a new position in shares of BBVA Banco Frances in the 1st quarter valued at $224,000. Baader Bank Aktiengesellschaft acquired a new position in shares of BBVA Banco Frances during the first quarter worth about $312,000. Vident Advisory LLC acquired a new stake in shares of BBVA Banco Frances in the first quarter valued at about $322,000. Finally, Banco BTG Pactual S.A. acquired a new stake in BBVA Banco Frances in the 1st quarter valued at about $362,000.

BBVA Banco Frances Price Performance

BBVA Banco Frances stock opened at $15.80 on Monday. BBVA Banco Frances S.A. 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 current ratio of 1.11 and a quick ratio of 1.11. The stock’s 50 day moving average is $10.83 and its 200 day moving average is $15.12. The firm has a market cap of $3.23 billion, a P/E ratio of 11.79 and a beta of 1.19.

BBVA Banco Frances (NYSE:BBAR) last posted its quarterly earnings results on Wednesday, August 20th. The bank reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $524.41 million during the quarter, compared to analyst estimates of $727.31 billion. As a group, research analysts expect that BBVA Banco Frances S.A. will post 1.94 EPS for the current year.

BBVA Banco Frances Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, October 27th. Investors of record on Monday, October 20th were given a $0.0311 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Monday, October 20th. BBVA Banco Frances’s dividend payout ratio (DPR) is 21.64%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BBAR. Wall Street Zen raised shares of BBVA Banco Frances from a “sell” rating to a “hold” rating in a research report on Sunday, September 7th. Zacks Research upgraded shares of BBVA Banco Frances from a “strong sell” rating to a “hold” rating in a research note on Monday, November 3rd. Hsbc Global Res upgraded shares of BBVA Banco Frances to a “strong-buy” rating in a report on Wednesday, October 1st. HSBC raised shares of BBVA Banco Frances from a “hold” rating to a “buy” rating and lowered their target price for the stock from $21.00 to $17.00 in a report on Wednesday, October 1st. Finally, Citigroup upgraded shares of BBVA Banco Frances from a “neutral” rating to a “buy” rating in a research report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $20.67.

About BBVA Banco Frances

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.