Banco BBVA Argentina (NYSE:BBAR) Sets New 12-Month High at $10.54

Shares of Banco BBVA Argentina S.A. (NYSE:BBAR) hit a new 52-week high on Friday . The stock traded as high as $10.54 and last traded at $10.49, with a volume of 1647292 shares. The stock had previously closed at $9.60.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Banco BBVA Argentina from a “hold” rating to a “buy” rating in a research report on Tuesday, March 12th.

Banco BBVA Argentina Trading Up 9.2 %

The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market cap of $2.14 billion, a P/E ratio of 5.96 and a beta of 1.55. The business has a fifty day simple moving average of $8.13 and a 200 day simple moving average of $6.14.

Banco BBVA Argentina (NYSE:BBAR) last released its earnings results on Tuesday, March 5th. The bank reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.50. Banco BBVA Argentina had a net margin of 4.55% and a return on equity of 11.32%. The firm had revenue of $2.67 billion during the quarter, compared to analyst estimates of $592.18 million. During the same quarter in the previous year, the firm earned $0.53 earnings per share. Analysts anticipate that Banco BBVA Argentina S.A. will post 1.48 earnings per share for the current fiscal year.

Banco BBVA Argentina Increases Dividend

The business also recently announced a — dividend, which was paid on Tuesday, March 19th. Shareholders of record on Friday, January 1st were given a $0.1131 dividend. The ex-dividend date of this dividend was Friday, March 8th. This is a positive change from Banco BBVA Argentina’s previous — dividend of $0.06. Banco BBVA Argentina’s dividend payout ratio (DPR) is currently 4.55%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Banco BBVA Argentina by 30.1% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 18,152 shares of the bank’s stock worth $94,000 after purchasing an additional 4,197 shares in the last quarter. Autonomy Capital Jersey L.P. grew its position in Banco BBVA Argentina by 100.0% in the 3rd quarter. Autonomy Capital Jersey L.P. now owns 40,000 shares of the bank’s stock valued at $166,000 after buying an additional 20,000 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Banco BBVA Argentina by 14.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 259,340 shares of the bank’s stock valued at $1,076,000 after buying an additional 32,262 shares during the period. Axxcess Wealth Management LLC bought a new stake in shares of Banco BBVA Argentina during the 3rd quarter worth about $150,000. Finally, Jump Financial LLC lifted its stake in shares of Banco BBVA Argentina by 58.9% in the 4th quarter. Jump Financial LLC now owns 152,778 shares of the bank’s stock worth $831,000 after acquiring an additional 56,622 shares during the period.

Banco BBVA Argentina Company Profile

Banco BBVA Argentina SA provides various banking products and services to individuals and companies in Argentina. It provides retail banking products and services, such as checking and savings accounts, time deposits, credit cards, consumer and pledge loans, mortgages, insurance, and investment products to individuals; and small and medium-sized companies products and services, including financing products, factoring, checking accounts, time deposits, transactional and payroll services, insurance, and investment products to private-sector companies.