BBVA Banco Frances (NYSE:BBAR) Releases Quarterly Earnings Results, Misses Expectations By $0.16 EPS

BBVA Banco Frances (NYSE:BBAR) issued its quarterly earnings results on Wednesday. The bank reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.16), FiscalAI reports. The business had revenue of $337.36 million for the quarter, compared to the consensus estimate of $874.92 billion. BBVA Banco Frances had a return on equity of 6.75% and a net margin of 3.70%.

BBVA Banco Frances Stock Performance

Shares of BBAR stock opened at $14.27 on Friday. The firm has a market cap of $2.91 billion, a price-to-earnings ratio of 17.19 and a beta of 1.10. BBVA Banco Frances has a 52-week low of $7.76 and a 52-week high of $23.10. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.32. The company’s 50 day moving average is $17.69 and its 200 day moving average is $14.71.

BBVA Banco Frances Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, February 26th. Stockholders of record on Thursday, February 19th were paid a dividend of $0.0357 per share. This is a boost from BBVA Banco Frances’s previous monthly dividend of $0.03. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Thursday, February 19th. BBVA Banco Frances’s payout ratio is 44.21%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. lifted its stake in shares of BBVA Banco Frances by 54,175.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,171 shares of the bank’s stock worth $39,000 after purchasing an additional 2,167 shares during the last quarter. Virtu Financial LLC bought a new position in BBVA Banco Frances in the third quarter worth about $109,000. Van ECK Associates Corp bought a new stake in shares of BBVA Banco Frances in the 4th quarter valued at about $150,000. Barclays PLC grew its position in shares of BBVA Banco Frances by 78.0% in the 4th quarter. Barclays PLC now owns 10,973 shares of the bank’s stock worth $198,000 after buying an additional 4,808 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in BBVA Banco Frances during the fourth quarter valued at approximately $224,000.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Wall Street Zen upgraded shares of BBVA Banco Frances from a “sell” rating to a “hold” rating in a report on Friday, November 28th. Weiss Ratings restated a “hold (c-)” rating on shares of BBVA Banco Frances in a research note on Monday, December 29th. UBS Group assumed coverage on shares of BBVA Banco Frances in a research report on Wednesday, November 19th. They set a “hold” rating and a $18.00 target price on the stock. Finally, The Goldman Sachs Group upgraded BBVA Banco Frances to a “strong-buy” rating in a report on Monday, November 10th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $17.67.

BBVA Banco Frances Company Profile

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.