BBVA Banco Frances (NYSE:BBAR) Rating Increased to Strong-Buy at Hsbc Global Res

Hsbc Global Res upgraded shares of BBVA Banco Frances (NYSE:BBAR) to a strong-buy rating in a research report sent to investors on Wednesday,Zacks.com reports.

Several other research firms also recently commented on BBAR. Wall Street Zen raised shares of BBVA Banco Frances from a “sell” rating to a “hold” rating in a research report on Sunday, September 7th. Zacks Research downgraded shares of BBVA Banco Frances from a “hold” rating to a “strong sell” rating in a research report on Monday, September 8th. HSBC upgraded shares of BBVA Banco Frances from a “hold” rating to a “buy” rating and decreased their price target for the company from $21.00 to $17.00 in a report on Wednesday. Finally, Citigroup cut shares of BBVA Banco Frances from a “buy” rating to a “hold” rating in a report on Thursday, September 11th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, BBVA Banco Frances currently has an average rating of “Moderate Buy” and an average target price of $20.67.

BBVA Banco Frances Price Performance

NYSE BBAR opened at $8.25 on Wednesday. The business’s fifty day moving average is $12.60 and its two-hundred day moving average is $16.37. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.05 and a current ratio of 1.11. BBVA Banco Frances has a 1 year low of $7.76 and a 1 year high of $25.01. The stock has a market capitalization of $1.68 billion, a P/E ratio of 6.15 and a beta of 1.13.

BBVA Banco Frances (NYSE:BBAR) last announced its earnings results on Wednesday, August 20th. The bank reported $0.24 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $727.31 billion. On average, research analysts forecast that BBVA Banco Frances will post 1.94 earnings per share for the current fiscal year.

BBVA Banco Frances Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 19th were paid a $0.0335 dividend. This represents a c) annualized dividend and a dividend yield of 4.9%. The ex-dividend date was Friday, September 19th. BBVA Banco Frances’s dividend payout ratio (DPR) is presently 29.85%.

Institutional Investors Weigh In On BBVA Banco Frances

Several hedge funds have recently made changes to their positions in the stock. TT International Asset Management LTD bought a new stake in shares of BBVA Banco Frances in the third quarter valued at about $824,000. BNP Paribas Financial Markets lifted its stake in shares of BBVA Banco Frances by 123.3% in the second quarter. BNP Paribas Financial Markets now owns 15,301 shares of the bank’s stock valued at $252,000 after buying an additional 8,450 shares during the period. Brevan Howard Capital Management LP lifted its stake in shares of BBVA Banco Frances by 6.0% in the second quarter. Brevan Howard Capital Management LP now owns 514,724 shares of the bank’s stock valued at $8,810,000 after buying an additional 29,319 shares during the period. Bank of America Corp DE lifted its stake in shares of BBVA Banco Frances by 229.9% in the second quarter. Bank of America Corp DE now owns 60,156 shares of the bank’s stock valued at $990,000 after buying an additional 41,920 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of BBVA Banco Frances by 9.8% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,021,521 shares of the bank’s stock valued at $33,274,000 after buying an additional 180,137 shares during the period.

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.