BBVA Banco Frances S.A. (NYSE:BFR) fell 8.5% during trading on Friday . The stock traded as low as $9.60 and last traded at $9.62. 755,139 shares traded hands during trading, an increase of 67% from the average session volume of 452,056 shares. The stock had previously closed at $10.51.

Several equities research analysts recently commented on BFR shares. ValuEngine lowered shares of BBVA Banco Frances from a “sell” rating to a “strong sell” rating in a research report on Friday, February 15th. Zacks Investment Research downgraded shares of BBVA Banco Frances from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 6th. Finally, Santander raised shares of BBVA Banco Frances from a “hold” rating to a “buy” rating in a research report on Friday, March 15th.

The company has a market cap of $1.96 billion, a price-to-earnings ratio of 8.44 and a beta of 0.36. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.21.

A number of hedge funds have recently made changes to their positions in the stock. FMR LLC boosted its position in BBVA Banco Frances by 1.0% during the 4th quarter. FMR LLC now owns 184,253 shares of the bank’s stock worth $2,088,000 after acquiring an additional 1,772 shares during the period. Barclays PLC grew its stake in BBVA Banco Frances by 1,057.5% in the fourth quarter. Barclays PLC now owns 2,639 shares of the bank’s stock valued at $30,000 after acquiring an additional 2,411 shares during the period. NumerixS Investment Technologies Inc acquired a new position in BBVA Banco Frances in the fourth quarter valued at about $36,000. Mirae Asset Global Investments Co. Ltd. grew its stake in BBVA Banco Frances by 2.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 198,499 shares of the bank’s stock valued at $2,249,000 after acquiring an additional 4,757 shares during the period. Finally, Eaton Vance Management grew its stake in BBVA Banco Frances by 14.2% in the fourth quarter. Eaton Vance Management now owns 45,945 shares of the bank’s stock valued at $521,000 after acquiring an additional 5,700 shares during the period. 14.28% of the stock is owned by institutional investors and hedge funds.

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BBVA Banco Frances Company Profile (NYSE:BFR)

BBVA Banco Franc├ęs SA, together with its subsidiaries, provides financial services to small and medium enterprises, and individual customers in Spain, Mexico, South America, the United States, Turkey, and rest of Eurasia. The company offers current, checking, and savings accounts, as well as demand and time deposits.

Read More: Price to Earnings Ratio (PE)

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