BBVA Banco Frances S.A. (NYSE:BBAR) Raises Dividend to $0.04 Per Share

BBVA Banco Frances S.A. (NYSE:BBAR) announced a monthly dividend on Friday, March 6th. Investors of record on Monday, March 16th will be given a dividend of 0.037 per share by the bank on Monday, March 23rd. This represents a c) annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Monday, March 16th. This is a 3.7% increase from BBVA Banco Frances’s previous monthly dividend of $0.04.

BBVA Banco Frances has a dividend payout ratio of 27.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect BBVA Banco Frances to earn $2.67 per share next year, which means the company should continue to be able to cover its $0.44 annual dividend with an expected future payout ratio of 16.5%.

BBVA Banco Frances Stock Down 6.5%

BBAR stock opened at $13.33 on Friday. The business has a 50 day moving average of $17.21 and a 200 day moving average of $14.70. The firm has a market cap of $2.72 billion, a PE ratio of 16.06 and a beta of 1.10. BBVA Banco Frances has a twelve month low of $7.76 and a twelve month high of $23.10. The company has a quick ratio of 1.07, a current ratio of 1.12 and a debt-to-equity ratio of 0.41.

BBVA Banco Frances (NYSE:BBAR) last released its earnings results on Wednesday, March 4th. The bank reported $0.18 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.16). BBVA Banco Frances had a return on equity of 6.55% and a net margin of 3.70%.The company had revenue of $337.36 million during the quarter, compared to the consensus estimate of $874.92 billion. On average, research analysts forecast that BBVA Banco Frances will post 1.94 EPS for the current fiscal year.

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.