BBVA Banco Frances (NYSE:BBAR) Coverage Initiated at UBS Group

Equities researchers at UBS Group began coverage on shares of BBVA Banco Frances (NYSE:BBAR) in a report issued on Wednesday,Benzinga reports. The firm set a “neutral” rating and a $18.00 price target on the bank’s stock. UBS Group’s price objective points to a potential upside of 15.02% from the company’s current price.

A number of other analysts have also weighed in on BBAR. HSBC raised shares of BBVA Banco Frances from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $21.00 to $17.00 in a research report on Wednesday, October 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of BBVA Banco Frances in a report on Wednesday, October 8th. Wall Street Zen cut BBVA Banco Frances from a “hold” rating to a “sell” rating in a report on Saturday. Zacks Research raised shares of BBVA Banco Frances from a “strong sell” rating to a “hold” rating in a research note on Monday, November 3rd. Finally, Itau BBA Securities upgraded BBVA Banco Frances from a “market perform” rating to an “outperform” rating in a research note on Monday, October 27th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, BBVA Banco Frances currently has an average rating of “Moderate Buy” and a consensus price target of $20.00.

BBVA Banco Frances Trading Up 1.6%

BBAR traded up $0.25 during trading on Wednesday, reaching $15.65. The company had a trading volume of 76,976 shares, compared to its average volume of 960,885. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.27. The business has a 50 day simple moving average of $11.40 and a 200-day simple moving average of $14.88. The stock has a market cap of $3.20 billion, a P/E ratio of 11.74 and a beta of 1.19. BBVA Banco Frances has a 52 week low of $7.76 and a 52 week high of $25.01.

BBVA Banco Frances (NYSE:BBAR) last announced its earnings results on Wednesday, August 20th. The bank reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.13). BBVA Banco Frances had a net margin of 6.65% and a return on equity of 10.24%. The firm had revenue of $524.41 million during the quarter, compared to analysts’ expectations of $727.31 billion. On average, equities analysts anticipate that BBVA Banco Frances will post 1.94 EPS for the current fiscal year.

Institutional Trading of BBVA Banco Frances

Several institutional investors and hedge funds have recently bought and sold shares of the business. Banco BTG Pactual S.A. purchased a new stake in BBVA Banco Frances in the first quarter valued at $362,000. Walleye Capital LLC purchased a new position in BBVA Banco Frances during the first quarter valued at approximately $637,000. PointState Capital LP lifted its holdings in BBVA Banco Frances by 36.1% in the first quarter. PointState Capital LP now owns 3,346,539 shares of the bank’s stock valued at $60,639,000 after acquiring an additional 888,235 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in BBVA Banco Frances by 6.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,841,384 shares of the bank’s stock worth $33,366,000 after purchasing an additional 107,599 shares in the last quarter. Finally, Candriam S.C.A. acquired a new stake in shares of BBVA Banco Frances during the 1st quarter worth approximately $1,214,000.

About BBVA Banco Frances

Banco BBVA Argentina SA provides various banking products and services to individuals and companies in Argentina. The company provides retail banking products and services, such as checking and savings accounts, time deposits, credit cards financing, 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.