Brokerages Set BBVA Banco Frances S.A. (NYSE:BBAR) Price Target at $17.50

Shares of BBVA Banco Frances S.A. (NYSE:BBAR) have received a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $17.50.

Institutional Investors Weigh In On BBVA Banco Frances

Several institutional investors and hedge funds have recently made changes to their positions in the business. Clear Creek Financial Management LLC boosted its position in shares of BBVA Banco Frances by 2.3% in the 4th quarter. Clear Creek Financial Management LLC now owns 40,418 shares of the bank’s stock worth $730,000 after buying an additional 899 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of BBVA Banco Frances by 54,175.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,171 shares of the bank’s stock worth $39,000 after buying an additional 2,167 shares in the last quarter. Barclays PLC boosted its position in shares of BBVA Banco Frances by 78.0% in the 4th 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. Baader Bank Aktiengesellschaft boosted its position in shares of BBVA Banco Frances by 35.7% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 19,000 shares of the bank’s stock worth $343,000 after buying an additional 5,000 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of BBVA Banco Frances by 26.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 39,830 shares of the bank’s stock worth $720,000 after buying an additional 8,280 shares in the last quarter.

BBVA Banco Frances Price Performance

Shares of NYSE:BBAR opened at $20.63 on Monday. BBVA Banco Frances has a 52 week low of $7.76 and a 52 week high of $21.38. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 0.31. The company has a market cap of $4.21 billion, a P/E ratio of 25.16 and a beta of 0.99. The company has a 50-day moving average price of $16.19 and a 200 day moving average price of $16.56.

BBVA Banco Frances (NYSE:BBAR) last issued its earnings results on Friday, May 15th. The bank reported $0.28 earnings per share (EPS) for the quarter. BBVA Banco Frances had a net margin of 3.44% and a return on equity of 6.27%. The company had revenue of $822.07 million during the quarter. Research analysts predict that BBVA Banco Frances will post 1.59 earnings per share for the current year.

BBVA Banco Frances Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, April 27th. Shareholders of record on Monday, April 20th were issued a $0.0382 dividend. This represents a c) dividend on an annualized basis and a yield of 2.2%. This is a boost from BBVA Banco Frances’s previous monthly dividend of $0.04. The ex-dividend date of this dividend was Monday, April 20th. BBVA Banco Frances’s dividend payout ratio is 115.85%.

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.