BBVA Banco Frances S.A. (NYSE:BBAR) Given Average Rating of “Moderate Buy” by Analysts

BBVA Banco Frances S.A. (NYSE:BBAR) has received a consensus rating of “Moderate Buy” from the seven brokerages that are covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $17.6667.

Several analysts recently weighed in on BBAR shares. The Goldman Sachs Group upgraded BBVA Banco Frances to a “strong-buy” rating in a research note on Monday, November 10th. Wall Street Zen raised BBVA Banco Frances from a “sell” rating to a “hold” rating in a research report on Friday, November 28th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of BBVA Banco Frances in a research report on Monday, December 29th. Finally, UBS Group started coverage on shares of BBVA Banco Frances in a research note on Wednesday, November 19th. They set a “hold” rating and a $18.00 target price for the company.

BBVA Banco Frances Stock Up 1.7%

BBVA Banco Frances stock opened at $14.19 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.07 and a quick ratio of 1.07. BBVA Banco Frances has a fifty-two week low of $7.76 and a fifty-two week high of $23.10. The firm has a fifty day moving average price of $17.77 and a two-hundred day moving average price of $14.71. The firm has a market cap of $2.90 billion, a price-to-earnings ratio of 14.94 and a beta of 1.10.

BBVA Banco Frances Increases Dividend

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

Institutional Trading of BBVA Banco Frances

A number of hedge funds have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its holdings in shares of BBVA Banco Frances by 54,175.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,171 shares of the bank’s stock worth $39,000 after purchasing an additional 2,167 shares in the last quarter. SBI Securities Co. Ltd. lifted its position in BBVA Banco Frances by 199.9% in the second 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 during the period. Van ECK Associates Corp acquired a new stake in BBVA Banco Frances during the fourth quarter worth $150,000. Barclays PLC boosted its stake in BBVA Banco Frances by 78.0% during the fourth quarter. Barclays PLC now owns 10,973 shares of the bank’s stock worth $198,000 after buying an additional 4,808 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC bought a new stake in BBVA Banco Frances in the 4th quarter valued at $224,000.

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.