359,286 Shares of BBVA Banco Frances S.A. $BBAR Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. bought a new position in shares of BBVA Banco Frances S.A. (NYSE:BBAR) in the third quarter, HoldingsChannel reports. The firm bought 359,286 shares of the bank’s stock, valued at approximately $4,617,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. NewEdge Advisors LLC acquired a new stake in shares of BBVA Banco Frances in the second quarter valued at approximately $311,000. XP Advisory US Inc. purchased a new position in shares of BBVA Banco Frances during the 2nd quarter worth approximately $63,000. OceanIQ Capital LLC acquired a new position in shares of BBVA Banco Frances during the 2nd quarter worth approximately $249,000. Finally, Carter Financial Group INC. acquired a new position in shares of BBVA Banco Frances during the 1st quarter worth approximately $150,000.

BBVA Banco Frances Trading Up 5.3%

Shares of BBAR stock opened at $13.17 on Friday. The company has a market capitalization of $2.69 billion, a price-to-earnings ratio of 12.91 and a beta of 0.90. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.33. The firm has a 50-day moving average price of $13.87 and a 200 day moving average price of $16.35. BBVA Banco Frances S.A. has a twelve month low of $10.00 and a twelve month high of $22.47.

BBVA Banco Frances (NYSE:BBAR) last released its quarterly earnings results on Friday, August 14th. The bank reported $0.42 earnings per share (EPS) for the quarter. The company had revenue of $835.60 million for the quarter. BBVA Banco Frances had a net margin of 4.16% and a return on equity of 7.56%. Research analysts forecast that BBVA Banco Frances S.A. will post 1.71 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BBAR has been the topic of a number of recent research reports. Weiss Ratings lowered BBVA Banco Frances from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday. Citigroup cut BBVA Banco Frances from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 2nd. Wall Street Zen downgraded BBVA Banco Frances from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, UBS Group cut their price target on BBVA Banco Frances from $20.00 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $15.00.

BBVA Banco Frances Profile

BBVA Banco Francés, now known as Banco BBVA Argentina SA, is an Argentine financial institution that operates as part of the global BBVA Group. The bank traces its origins to Banco Francés del Río de la Plata, founded in 1886, and adopted the BBVA Argentina name as part of the broader BBVA brand integration.

The company provides banking and financial services to individuals, small and medium-sized businesses, corporations and public-sector customers in Argentina. Its offerings include checking and savings accounts, consumer and commercial loans, credit and debit cards, payment services, foreign-exchange services, investment products and digital banking tools.

BBVA Argentina serves customers through a combination of branches, automated banking facilities and online and mobile channels.