BBVA Banco Frances S.A. (NYSE:BBAR) Receives Consensus Recommendation of “Moderate Buy” from Analysts

BBVA Banco Frances S.A. (NYSE:BBAR) has been assigned an average rating of “Moderate Buy” from the seven analysts that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $17.50.

Institutional Investors Weigh In On BBVA Banco Frances

Several hedge funds and other institutional investors have recently made changes to their positions in BBAR. Northwestern Mutual Wealth Management Co. increased its position in BBVA Banco Frances by 54,175.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,171 shares of the bank’s stock worth $39,000 after purchasing an additional 2,167 shares during the period. Virtu Financial LLC acquired a new stake in shares of BBVA Banco Frances during the third quarter worth about $109,000. Insigneo Advisory Services LLC bought a new position in BBVA Banco Frances in the third quarter valued at approximately $136,000. Carter Financial Group INC. bought a new stake in BBVA Banco Frances in the 1st quarter valued at $150,000. Finally, Van ECK Associates Corp bought a new stake in shares of BBVA Banco Frances in the fourth quarter valued at about $150,000.

BBVA Banco Frances Stock Up 0.6%

Shares of NYSE:BBAR opened at $19.47 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.04 and a current ratio of 1.10. The company has a market capitalization of $3.98 billion, a PE ratio of 23.74 and a beta of 1.00. BBVA Banco Frances has a 52 week low of $7.76 and a 52 week high of $22.47. The company’s fifty day moving average is $17.29 and its 200-day moving average is $16.95.

BBVA Banco Frances (NYSE:BBAR) last posted its quarterly earnings data 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. Equities research analysts predict that BBVA Banco Frances will post 1.59 earnings per share for the current fiscal year.

BBVA Banco Frances Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, June 12th were given a $0.0131 dividend. This represents a c) annualized dividend and a yield of 0.8%. The ex-dividend date was Friday, June 12th. BBVA Banco Frances’s dividend payout ratio (DPR) is presently 113.41%.

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.