BBVA Banco Frances S.A. (NYSE:BBAR) Given Consensus Rating of “Moderate Buy” by Brokerages

BBVA Banco Frances S.A. (NYSE:BBAR) has received an average recommendation of “Moderate Buy” from the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $17.50.

BBVA Banco Frances Stock Down 0.1%

Shares of BBAR opened at $17.49 on Monday. The company has a market cap of $3.57 billion, a PE ratio of 21.32 and a beta of 0.99. The business has a fifty day moving average of $15.81 and a 200 day moving average of $16.42. BBVA Banco Frances has a 52-week low of $7.76 and a 52-week high of $21.38. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 0.31.

BBVA Banco Frances (NYSE:BBAR) last issued its quarterly earnings results on Friday, May 15th. The bank reported $0.28 earnings per share (EPS) for the quarter. BBVA Banco Frances had a return on equity of 6.27% and a net margin of 3.44%.The company had revenue of $822.07 million during the quarter. On average, sell-side analysts expect that BBVA Banco Frances will post 1.59 EPS for the current year.

BBVA Banco Frances Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, April 27th. Stockholders of record on Monday, April 20th were given a dividend of $0.0382 per share. This represents a c) annualized dividend and a dividend yield of 2.6%. This is a positive change from BBVA Banco Frances’s previous monthly dividend of $0.04. The ex-dividend date was Monday, April 20th. BBVA Banco Frances’s dividend payout ratio is 115.85%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BBAR. Fourth Sail Capital LP increased its position in BBVA Banco Frances by 6.7% during the 4th quarter. Fourth Sail Capital LP now owns 2,847,061 shares of the bank’s stock valued at $51,446,000 after purchasing an additional 177,799 shares during the period. PointState Capital LP lifted its position in shares of BBVA Banco Frances by 60.5% during 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 during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of BBVA Banco Frances by 9.8% during 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 during the last quarter. Samlyn Capital LLC increased its holdings in shares of BBVA Banco Frances by 6.6% during the third quarter. Samlyn Capital LLC now owns 1,944,429 shares of the bank’s stock valued at $16,178,000 after acquiring an additional 120,185 shares in the last quarter. Finally, Aquamarine Financial Cayman Ltd increased its holdings in shares of BBVA Banco Frances by 103.8% during the fourth quarter. Aquamarine Financial Cayman Ltd now owns 1,141,305 shares of the bank’s stock valued at $20,623,000 after acquiring an additional 581,305 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.