Fourth Sail Capital LP Buys New Position in Banco BBVA Argentina S.A. (NYSE:BBAR)

Fourth Sail Capital LP acquired a new stake in Banco BBVA Argentina S.A. (NYSE:BBARFree Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,352,283 shares of the bank’s stock, valued at approximately $11,467,000. Banco BBVA Argentina makes up approximately 3.4% of Fourth Sail Capital LP’s portfolio, making the stock its 11th biggest position.

A number of other hedge funds also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. raised its stake in Banco BBVA Argentina by 43.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 370,918 shares of the bank’s stock valued at $2,018,000 after acquiring an additional 111,578 shares in the last quarter. Glenorchy Capital Ltd bought a new position in shares of Banco BBVA Argentina in the fourth quarter valued at approximately $1,937,000. Jump Financial LLC increased its stake in shares of Banco BBVA Argentina by 58.9% during the fourth quarter. Jump Financial LLC now owns 152,778 shares of the bank’s stock valued at $831,000 after acquiring an additional 56,622 shares during the period. Autonomy Capital Jersey L.P. raised its holdings in Banco BBVA Argentina by 100.0% during the third quarter. Autonomy Capital Jersey L.P. now owns 40,000 shares of the bank’s stock worth $166,000 after purchasing an additional 20,000 shares in the last quarter. Finally, Axxcess Wealth Management LLC bought a new position in Banco BBVA Argentina during the 3rd quarter valued at $150,000.

Banco BBVA Argentina Price Performance

Shares of NYSE:BBAR traded up $0.07 during trading on Tuesday, hitting $9.40. 361,884 shares of the stock were exchanged, compared to its average volume of 1,033,273. Banco BBVA Argentina S.A. has a 1-year low of $3.78 and a 1-year high of $11.87. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.82 and a quick ratio of 1.25. The company’s fifty day simple moving average is $10.14 and its 200-day simple moving average is $7.72.

Banco BBVA Argentina (NYSE:BBARGet Free Report) last issued its earnings results on Wednesday, May 22nd. The bank reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.05). Banco BBVA Argentina had a return on equity of 10.04% and a net margin of 4.00%. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $684.47 million. Analysts forecast that Banco BBVA Argentina S.A. will post 1.48 earnings per share for the current year.

Banco BBVA Argentina Announces Dividend

The company also recently disclosed a Variable dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 10th were given a $0.446 dividend. The ex-dividend date of this dividend was Monday, June 10th. Banco BBVA Argentina’s payout ratio is 33.54%.

Analyst Ratings Changes

Separately, StockNews.com cut Banco BBVA Argentina from a “buy” rating to a “hold” rating in a research report on Thursday, May 16th.

Read Our Latest Stock Report on BBAR

Banco BBVA Argentina Company Profile

(Free Report)

Banco BBVA Argentina SA provides various banking products and services to individuals and companies in Argentina. It provides retail banking products and services, such as checking and savings accounts, time deposits, credit cards, 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.

See Also

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Institutional Ownership by Quarter for Banco BBVA Argentina (NYSE:BBAR)

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