BBVA Banco Frances S.A. (BBAR) To Go Ex-Dividend on April 20th

BBVA Banco Frances S.A. (NYSE:BBAR) declared a monthly dividend on Friday, April 10th. Stockholders of record on Monday, April 20th will be paid a dividend of 0.0382 per share by the bank on Monday, April 27th. This represents a c) annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, April 20th. This is a 3.2% increase from BBVA Banco Frances’s previous monthly dividend of $0.04.

BBVA Banco Frances has a payout ratio of 28.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect BBVA Banco Frances to earn $2.67 per share next year, which means the company should continue to be able to cover its $0.45 annual dividend with an expected future payout ratio of 16.9%.

BBVA Banco Frances Trading Down 0.6%

Shares of NYSE:BBAR opened at $16.43 on Friday. BBVA Banco Frances has a 52-week low of $7.76 and a 52-week high of $23.10. The stock has a market cap of $3.36 billion, a price-to-earnings ratio of 19.79 and a beta of 1.07. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.17. The business has a 50-day moving average price of $15.42 and a 200-day moving average price of $15.53.

BBVA Banco Frances (NYSE:BBAR) last posted its earnings results on Wednesday, March 4th. The bank reported $0.18 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.16). The company had revenue of $337.36 million for the quarter, compared to analyst estimates of $874.92 billion. BBVA Banco Frances had a return on equity of 6.55% and a net margin of 3.70%. Equities analysts predict that BBVA Banco Frances will post 1.94 EPS for the current year.

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.