BBVA Banco Frances (NYSE:BBAR) Stock Passes Above 200 Day Moving Average – Here’s What Happened

BBVA Banco Frances S.A. (NYSE:BBAR)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $17.19 and traded as high as $17.41. BBVA Banco Frances shares last traded at $17.25, with a volume of 466,879 shares.

Analyst Ratings Changes

A number of research firms recently commented on BBAR. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of BBVA Banco Frances in a report on Tuesday, July 14th. UBS Group lifted their price objective on shares of BBVA Banco Frances from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday, July 10th. Finally, Wall Street Zen raised shares of BBVA Banco Frances from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $18.50.

BBVA Banco Frances Price Performance

The firm has a market cap of $3.52 billion, a PE ratio of 21.04 and a beta of 1.02. The stock has a 50 day simple moving average of $19.38 and a two-hundred day simple moving average of $17.19. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.04 and a current ratio of 1.10.

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

BBVA Banco Frances Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, June 12th were given a $0.0131 dividend. This represents a c) annualized dividend and a yield of 0.9%. The ex-dividend date was Friday, June 12th. BBVA Banco Frances’s dividend payout ratio is currently 110.98%.

Institutional Investors Weigh In On BBVA Banco Frances

A number of hedge funds and other institutional investors have recently made changes to their positions in BBAR. PointState Capital LP lifted its stake in shares of BBVA Banco Frances by 60.5% in the 4th quarter. PointState Capital LP now owns 2,668,038 shares of the bank’s stock valued at $48,211,000 after purchasing an additional 1,005,978 shares during the last quarter. Millennium Management LLC increased its position in shares of BBVA Banco Frances by 3,633.8% during the 4th quarter. Millennium Management LLC now owns 613,832 shares of the bank’s stock worth $11,092,000 after purchasing an additional 597,392 shares during the last quarter. Aquamarine Financial Cayman Ltd raised its holdings in BBVA Banco Frances by 103.8% in the 4th quarter. Aquamarine Financial Cayman Ltd now owns 1,141,305 shares of the bank’s stock valued at $20,623,000 after buying an additional 581,305 shares during the period. Alpine Global Management LLC purchased a new stake in BBVA Banco Frances in the 4th quarter valued at about $4,042,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in BBVA Banco Frances by 9.8% in 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.

About BBVA Banco Frances

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.