BBVA Banco Frances (NYSE:BBAR) Trading 6.7% Higher – Should You Buy?

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

BBVA Banco Frances Stock Performance

The business has a 50-day moving average price of $16.02 and a 200-day moving average price of $16.47. The firm has a market capitalization of $4.12 billion, a price-to-earnings ratio of 24.64 and a beta of 0.99. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 0.31.

BBVA Banco Frances (NYSE:BBAR) last released its earnings results on Friday, May 15th. The bank reported $0.28 EPS for the quarter. The company had revenue of $822.07 million during the quarter. BBVA Banco Frances had a net margin of 3.44% and a return on equity of 6.27%. As a group, sell-side analysts forecast that BBVA Banco Frances S.A. will post 1.59 earnings per share for the current year.

BBVA Banco Frances Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, April 27th. Stockholders of record on Monday, April 20th were issued a $0.0382 dividend. This is an increase from BBVA Banco Frances’s previous monthly dividend of $0.04. The ex-dividend date of this dividend was Monday, April 20th. This represents a c) annualized dividend and a dividend yield of 2.3%. BBVA Banco Frances’s payout ratio is currently 115.85%.

Hedge Funds Weigh In On BBVA Banco Frances

Several institutional investors and hedge funds have recently modified their holdings of the stock. PointState Capital LP increased its holdings in shares of BBVA Banco Frances by 60.5% during the 4th quarter. PointState Capital LP now owns 2,668,038 shares of the bank’s stock valued at $48,211,000 after purchasing an additional 1,005,978 shares in the last quarter. Millennium Management LLC grew its position in BBVA Banco Frances by 3,633.8% during the fourth quarter. Millennium Management LLC now owns 613,832 shares of the bank’s stock valued at $11,092,000 after buying an additional 597,392 shares during the period. Aquamarine Financial Cayman Ltd grew its position in BBVA Banco Frances by 103.8% during the fourth quarter. Aquamarine Financial Cayman Ltd now owns 1,141,305 shares of the bank’s stock valued at $20,623,000 after buying an additional 581,305 shares during the period. Alpine Global Management LLC acquired a new position in shares of BBVA Banco Frances during the 4th quarter worth approximately $4,042,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake 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 worth $33,274,000 after buying an additional 180,137 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.