BBVA Banco Frances S.A. (NYSE:BBAR) Given Average Rating of “Moderate Buy” by Analysts

BBVA Banco Frances S.A. (NYSE:BBAR) has been given a consensus rating of “Moderate Buy” by the seven brokerages that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $18.50.

A number of research analysts have issued reports on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of BBVA Banco Frances in a research report on Tuesday, July 14th. UBS Group raised their target price on shares of BBVA Banco Frances from $18.00 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, July 10th. Finally, Wall Street Zen upgraded shares of BBVA Banco Frances from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. XP Advisory US Inc. bought a new stake in shares of BBVA Banco Frances during the second quarter valued at approximately $63,000. OceanIQ Capital LLC purchased a new position in BBVA Banco Frances during the second quarter valued at $249,000. Carter Financial Group INC. bought a new stake in shares of BBVA Banco Frances during the 1st quarter valued at $150,000. Alpine Global Management LLC purchased a new stake in shares of BBVA Banco Frances in the 4th quarter worth about $4,042,000. Finally, PointState Capital LP grew its position in shares of BBVA Banco Frances by 60.5% in the 4th quarter. PointState Capital LP now owns 2,668,038 shares of the bank’s stock worth $48,211,000 after buying an additional 1,005,978 shares during the period.

BBVA Banco Frances Price Performance

Shares of BBAR stock opened at $14.89 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.10 and a current ratio of 1.10. BBVA Banco Frances has a fifty-two week low of $7.76 and a fifty-two week high of $22.47. The firm has a market cap of $3.04 billion, a P/E ratio of 18.16 and a beta of 1.02. The business’s 50 day moving average price is $18.44 and its 200-day moving average price is $16.82.

BBVA Banco Frances (NYSE:BBAR) last announced its earnings results on Friday, May 15th. The bank reported $0.28 EPS for the quarter. BBVA Banco Frances had a return on equity of 6.27% and a net margin of 3.44%.The company had revenue of $822.07 million during the quarter. On average, equities research analysts anticipate that BBVA Banco Frances will post 1.59 earnings per share for the current year.

BBVA Banco Frances Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, June 12th were issued a dividend of $0.0131 per share. The ex-dividend date was Friday, June 12th. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%. BBVA Banco Frances’s dividend payout ratio is 102.44%.

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.