TT International Asset Management LTD Purchases Shares of 99,068 BBVA Banco Frances S.A. $BBAR

TT International Asset Management LTD purchased a new position in BBVA Banco Frances S.A. (NYSE:BBAR) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 99,068 shares of the bank’s stock, valued at approximately $824,000.

Several other hedge funds have also recently modified their holdings of the stock. SBI Securities Co. Ltd. boosted its stake in BBVA Banco Frances by 199.9% in the 2nd quarter. SBI Securities Co. Ltd. now owns 2,381 shares of the bank’s stock worth $39,000 after purchasing an additional 1,587 shares in the last quarter. Fox Run Management L.L.C. purchased a new position in shares of BBVA Banco Frances in the first quarter worth $211,000. BNP Paribas Financial Markets lifted its stake in shares of BBVA Banco Frances by 123.3% during the second quarter. BNP Paribas Financial Markets now owns 15,301 shares of the bank’s stock worth $252,000 after buying an additional 8,450 shares during the period. Vident Advisory LLC purchased a new stake in shares of BBVA Banco Frances during the first quarter valued at $322,000. Finally, Banco BTG Pactual S.A. acquired a new position in shares of BBVA Banco Frances in the 1st quarter valued at $362,000.

BBVA Banco Frances Stock Up 1.5%

Shares of BBAR stock opened at $17.11 on Tuesday. BBVA Banco Frances S.A. has a twelve month low of $7.76 and a twelve month high of $25.01. The stock has a market cap of $3.49 billion, a P/E ratio of 18.01 and a beta of 1.07. The stock has a 50 day moving average of $14.06 and a 200 day moving average of $14.20. The company has a current ratio of 1.07, a quick ratio of 1.11 and a debt-to-equity ratio of 0.32.

BBVA Banco Frances (NYSE:BBAR) last issued its quarterly earnings data on Tuesday, November 25th. The bank reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.07). The firm had revenue of $512.44 million for the quarter, compared to analyst estimates of $871.10 billion. BBVA Banco Frances had a return on equity of 7.43% and a net margin of 4.46%. As a group, sell-side analysts expect that BBVA Banco Frances S.A. will post 1.94 EPS for the current year.

BBVA Banco Frances Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 23rd. Shareholders of record on Tuesday, December 16th will be issued a $0.0331 dividend. The ex-dividend date of this dividend is Tuesday, December 16th. This is a positive change from BBVA Banco Frances’s previous monthly dividend of $0.03. This represents a c) dividend on an annualized basis and a yield of 2.3%. BBVA Banco Frances’s dividend payout ratio is presently 41.05%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on BBAR. UBS Group initiated coverage on BBVA Banco Frances in a research report on Wednesday, November 19th. They set a “hold” rating and a $18.00 price target for the company. Itau BBA Securities upgraded BBVA Banco Frances from a “market perform” rating to an “outperform” rating in a research note on Monday, October 27th. Wall Street Zen upgraded BBVA Banco Frances from a “sell” rating to a “hold” rating in a research report on Friday, November 28th. HSBC raised shares of BBVA Banco Frances from a “hold” rating to a “buy” rating and reduced their price target for the stock from $21.00 to $17.00 in a research report on Wednesday, October 1st. Finally, The Goldman Sachs Group raised shares of BBVA Banco Frances to a “strong-buy” rating in a report on Monday, November 10th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.67.

BBVA Banco Frances Company Profile

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