BBVA Banco Frances (NYSE:BBAR) Posts Earnings Results, Misses Expectations By $0.16 EPS

BBVA Banco Frances (NYSE:BBAR) posted its quarterly earnings data on Wednesday. The bank reported $0.18 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.16), FiscalAI reports. BBVA Banco Frances had a net margin of 4.46% and a return on equity of 7.43%. The company had revenue of $337.36 million for the quarter, compared to analysts’ expectations of $874.92 billion.

BBVA Banco Frances Price Performance

BBAR stock traded up $0.24 during trading on Wednesday, reaching $14.19. 518,953 shares of the company were exchanged, compared to its average volume of 719,159. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.07 and a current ratio of 1.07. The stock’s 50 day moving average price is $17.85 and its 200 day moving average price is $14.72. BBVA Banco Frances has a 52-week low of $7.76 and a 52-week high of $23.10. The company has a market cap of $2.90 billion, a P/E ratio of 14.94 and a beta of 1.10.

BBVA Banco Frances Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, February 26th. Investors of record on Thursday, February 19th were paid a $0.0357 dividend. This represents a c) annualized dividend and a dividend yield of 3.0%. This is a positive change from BBVA Banco Frances’s previous monthly dividend of $0.03. The ex-dividend date was Thursday, February 19th. BBVA Banco Frances’s dividend payout ratio (DPR) is 44.21%.

Wall Street Analysts Forecast Growth

BBAR has been the subject of several analyst reports. Wall Street Zen upgraded BBVA Banco Frances from a “sell” rating to a “hold” rating in a research note on Friday, November 28th. Weiss Ratings restated a “hold (c-)” rating on shares of BBVA Banco Frances in a research report on Monday, December 29th. The Goldman Sachs Group raised shares of BBVA Banco Frances to a “strong-buy” rating in a report on Monday, November 10th. Finally, UBS Group initiated coverage on shares of BBVA Banco Frances in a research note on Wednesday, November 19th. They set a “hold” rating and a $18.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $17.67.

Institutional Investors Weigh In On BBVA Banco Frances

Institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC increased its stake in BBVA Banco Frances by 66.2% in the 1st quarter. NewEdge Advisors LLC now owns 24,523 shares of the bank’s stock valued at $444,000 after purchasing an additional 9,764 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of BBVA Banco Frances by 17.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 93,265 shares of the bank’s stock worth $1,690,000 after buying an additional 13,594 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of BBVA Banco Frances by 171.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 177,455 shares of the bank’s stock worth $2,921,000 after buying an additional 112,161 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in BBVA Banco Frances by 9.8% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,021,521 shares of the bank’s stock valued at $33,274,000 after acquiring an additional 180,137 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in BBVA Banco Frances by 229.9% during the 2nd quarter. Bank of America Corp DE now owns 60,156 shares of the bank’s stock valued at $990,000 after acquiring an additional 41,920 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.