BBVA Banco Frances (NYSE:BBAR) Trading 6.7% Higher – Here’s What Happened

BBVA Banco Frances S.A. (NYSE:BBAR)’s stock price rose 6.7% during mid-day trading on Tuesday . The company traded as high as $18.59 and last traded at $18.39. Approximately 139,403 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 692,896 shares. The stock had previously closed at $17.24.

BBVA Banco Frances Stock Up 4.3%

The stock has a market capitalization of $3.67 billion, a P/E ratio of 21.99 and a beta of 0.99. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 0.31. The stock’s 50 day simple moving average is $15.87 and its 200 day simple moving average is $16.43.

BBVA Banco Frances (NYSE:BBAR) last released its earnings results on Friday, May 15th. The bank reported $0.28 earnings per share 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. As a group, research analysts predict that BBVA Banco Frances S.A. will post 1.59 EPS for the current fiscal year.

BBVA Banco Frances Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, April 27th. Shareholders of record on Monday, April 20th were paid a dividend of $0.0382 per share. The ex-dividend date was Monday, April 20th. This is an increase from BBVA Banco Frances’s previous monthly dividend of $0.04. This represents a c) annualized dividend and a yield of 2.5%. BBVA Banco Frances’s payout ratio is currently 54.88%.

Institutional Investors Weigh In On BBVA Banco Frances

A number of institutional investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its position in shares of BBVA Banco Frances by 54,175.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,171 shares of the bank’s stock valued at $39,000 after acquiring an additional 2,167 shares in the last quarter. Virtu Financial LLC bought a new stake in BBVA Banco Frances during the third quarter valued at $109,000. Insigneo Advisory Services LLC acquired a new stake in shares of BBVA Banco Frances during the third quarter worth $136,000. Carter Financial Group INC. acquired a new stake in shares of BBVA Banco Frances during the first quarter worth $150,000. Finally, Van ECK Associates Corp bought a new position in shares of BBVA Banco Frances in the 4th quarter worth about $150,000.

About BBVA Banco Frances

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.