Kapitalo Investimentos Ltda Makes New $918,000 Investment in BBVA Banco Frances S.A. $BBAR

Kapitalo Investimentos Ltda purchased a new stake in BBVA Banco Frances S.A. (NYSE:BBAR) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 110,334 shares of the bank’s stock, valued at approximately $918,000. Kapitalo Investimentos Ltda owned approximately 0.05% of BBVA Banco Frances at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of BBAR. SBI Securities Co. Ltd. boosted its holdings in BBVA Banco Frances by 199.9% during the second quarter. SBI Securities Co. Ltd. now owns 2,381 shares of the bank’s stock worth $39,000 after buying an additional 1,587 shares in the last quarter. Benjamin Edwards Inc. boosted its stake in shares of BBVA Banco Frances by 42.7% during the 3rd quarter. Benjamin Edwards Inc. now owns 26,071 shares of the bank’s stock worth $217,000 after acquiring an additional 7,803 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of BBVA Banco Frances by 123.3% during the 2nd quarter. BNP Paribas Financial Markets now owns 15,301 shares of the bank’s stock worth $252,000 after acquiring an additional 8,450 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of BBVA Banco Frances by 66.2% in the 1st quarter. NewEdge Advisors LLC now owns 24,523 shares of the bank’s stock worth $444,000 after acquiring an additional 9,764 shares during the period. Finally, Clear Creek Financial Management LLC increased its stake in BBVA Banco Frances by 51.8% in the 2nd quarter. Clear Creek Financial Management LLC now owns 35,629 shares of the bank’s stock valued at $586,000 after purchasing an additional 12,164 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. The Goldman Sachs Group upgraded BBVA Banco Frances to a “strong-buy” rating in a research report on Monday, November 10th. Wall Street Zen raised BBVA Banco Frances from a “sell” rating to a “hold” rating in a research note on Friday, November 28th. HSBC raised shares of BBVA Banco Frances from a “hold” rating to a “buy” rating and lowered their price objective for the company from $21.00 to $17.00 in a research note on Wednesday, October 1st. Zacks Research upgraded shares of BBVA Banco Frances from a “strong sell” rating to a “hold” rating in a report on Monday, November 3rd. Finally, Hsbc Global Res raised shares of BBVA Banco Frances to a “strong-buy” rating in a report on Wednesday, October 1st. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $17.67.

BBVA Banco Frances Trading Down 3.5%

BBVA Banco Frances stock opened at $20.30 on Thursday. The stock has a 50-day moving average price of $17.48 and a 200 day moving average price of $14.49. BBVA Banco Frances S.A. has a 52 week low of $7.76 and a 52 week high of $23.58. The stock has a market cap of $4.15 billion, a PE ratio of 21.36 and a beta of 1.08. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.32.

BBVA Banco Frances (NYSE:BBAR) last released its quarterly earnings results on Tuesday, November 25th. The bank reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.07). The firm had revenue of $865.83 million for the quarter, compared to analyst estimates of $871.10 billion. BBVA Banco Frances had a return on equity of 7.43% and a net margin of 4.46%. Equities research analysts predict that BBVA Banco Frances S.A. will post 1.94 earnings per share for the current fiscal year.

BBVA Banco Frances Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, January 29th. Shareholders of record on Thursday, January 22nd will be issued a $0.0336 dividend. This is a boost from BBVA Banco Frances’s previous monthly dividend of $0.03. The ex-dividend date is Thursday, January 22nd. This represents a c) annualized dividend and a yield of 2.0%. BBVA Banco Frances’s payout ratio is presently 42.11%.

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.