BBVA Banco Frances (NYSE:BBAR) Stock Price Expected to Rise, UBS Group Analyst Says

BBVA Banco Frances (NYSE:BBAR) had its price objective lifted by research analysts at UBS Group from $18.00 to $20.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the bank’s stock. UBS Group’s price target indicates a potential downside of 3.92% from the stock’s current price.

BBVA Banco Frances Stock Performance

NYSE:BBAR traded up $1.42 during trading hours on Friday, hitting $20.82. 320,053 shares of the company were exchanged, compared to its average volume of 702,871. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.10 and a quick ratio of 1.04. BBVA Banco Frances has a 52-week low of $7.76 and a 52-week high of $22.47. The stock has a market capitalization of $4.25 billion, a price-to-earnings ratio of 25.34 and a beta of 1.00. The company’s 50 day moving average price is $17.80 and its 200-day moving average price is $17.03.

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

Hedge Funds Weigh In On BBVA Banco Frances

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

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.