BBVA Banco Frances (NYSE:BBAR) Stock Rating Lowered by Wall Street Zen

BBVA Banco Frances (NYSE:BBAR) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

Several other research analysts also recently commented on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of BBVA Banco Frances in a research note on Tuesday, July 14th. UBS Group boosted their price target on BBVA Banco Frances from $18.00 to $20.00 and gave the company a “neutral” rating in a report on Friday, July 10th. Two 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $18.50.

BBVA Banco Frances Stock Up 0.3%

Shares of NYSE:BBAR opened at $14.51 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.10 and a current ratio of 1.06. The firm has a fifty day moving average of $18.14 and a 200 day moving average of $16.77. BBVA Banco Frances has a 52-week low of $7.76 and a 52-week high of $22.47. The firm has a market capitalization of $2.96 billion, a PE ratio of 14.23 and a beta of 1.02.

BBVA Banco Frances (NYSE:BBAR) last posted its quarterly earnings data on Friday, August 14th. The bank reported $0.42 earnings per share (EPS) for the quarter. The firm had revenue of $716.56 million during the quarter. BBVA Banco Frances had a return on equity of 7.56% and a net margin of 4.16%. As a group, research analysts anticipate that BBVA Banco Frances will post 1.59 EPS for the current fiscal year.

Hedge Funds Weigh In On BBVA Banco Frances

Hedge funds have recently bought and sold shares of the business. PointState Capital LP lifted its holdings in BBVA Banco Frances by 60.5% in the fourth quarter. PointState Capital LP now owns 2,668,038 shares of the bank’s stock valued at $48,211,000 after acquiring an additional 1,005,978 shares during the period. Millennium Management LLC grew its stake in shares of BBVA Banco Frances by 3,633.8% during the 4th quarter. Millennium Management LLC now owns 613,832 shares of the bank’s stock worth $11,092,000 after purchasing an additional 597,392 shares during the period. Alpine Global Management LLC purchased a new position in shares of BBVA Banco Frances during the 4th quarter valued at approximately $4,042,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of BBVA Banco Frances by 9.8% during 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 purchasing an additional 180,137 shares in the last quarter. Finally, Fourth Sail Capital LP lifted its stake in shares of BBVA Banco Frances by 6.7% in the 4th quarter. Fourth Sail Capital LP now owns 2,847,061 shares of the bank’s stock valued at $51,446,000 after purchasing an additional 177,799 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.