Banco BBVA Argentina (NYSE:BBAR) Stock Price Down 5.9%

Banco BBVA Argentina S.A. (NYSE:BBAR) was down 5.9% on Wednesday . The company traded as low as $8.79 and last traded at $8.85. Approximately 942,420 shares traded hands during trading, a decline of 7% from the average daily volume of 1,011,335 shares. The stock had previously closed at $9.40.

Wall Street Analysts Forecast Growth

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

Banco BBVA Argentina Stock Down 5.9 %

The firm has a 50-day moving average price of $7.63 and a 200 day moving average price of $5.91. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.25 and a quick ratio of 1.25. The company has a market cap of $1.81 billion, a price-to-earnings ratio of 5.03 and a beta of 1.58.

Banco BBVA Argentina (NYSE:BBAR) last issued its quarterly earnings results on Tuesday, March 5th. The bank reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.50. The business had revenue of $2.67 billion for the quarter, compared to the consensus estimate of $592.18 million. Banco BBVA Argentina had a return on equity of 11.32% and a net margin of 4.55%. During the same quarter in the prior year, the business posted $0.53 earnings per share. Sell-side analysts predict that Banco BBVA Argentina S.A. will post 1.48 EPS for the current year.

Banco BBVA Argentina Increases Dividend

The company also recently disclosed a — dividend, which was paid on Tuesday, March 19th. Investors of record on Friday, January 1st were issued a dividend of $0.1131 per share. This is an increase from Banco BBVA Argentina’s previous — dividend of $0.06. The ex-dividend date of this dividend was Friday, March 8th. Banco BBVA Argentina’s dividend payout ratio (DPR) is 4.55%.

Institutional Investors Weigh In On Banco BBVA Argentina

Several hedge funds have recently modified their holdings of the company. Fourth Sail Capital LP acquired a new position in Banco BBVA Argentina during the 1st quarter worth about $11,467,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Banco BBVA Argentina by 43.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 370,918 shares of the bank’s stock worth $2,018,000 after acquiring an additional 111,578 shares in the last quarter. Glenorchy Capital Ltd bought a new position in shares of Banco BBVA Argentina in the 4th quarter worth about $1,937,000. Jump Financial LLC raised its position 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 in the last quarter. Finally, Autonomy Capital Jersey L.P. raised its position in shares of 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 worth $166,000 after acquiring an additional 20,000 shares in the last quarter.

About Banco BBVA Argentina

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.