BBVA Banco Frances (NYSE:BBAR) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

BBVA Banco Frances S.A. (NYSE:BBAR)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $17.12 and traded as high as $19.66. BBVA Banco Frances shares last traded at $19.5360, with a volume of 268,982 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BBAR. UBS Group lifted their price target on shares of BBVA Banco Frances from $18.00 to $20.00 and gave the company a “neutral” rating in a research report on Friday, July 10th. Weiss Ratings restated a “hold (c-)” rating on shares of BBVA Banco Frances in a research note on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $18.50.

BBVA Banco Frances Price Performance

The firm has a market cap of $3.99 billion, a P/E ratio of 23.82 and a beta of 1.00. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.10 and a quick ratio of 1.04. The company’s 50-day moving average is $18.44 and its two-hundred day moving average is $17.12.

BBVA Banco Frances (NYSE:BBAR) last released its earnings results on Friday, May 15th. The bank reported $0.28 EPS for the quarter. The firm had revenue of $822.07 million for the quarter. BBVA Banco Frances had a net margin of 3.44% and a return on equity of 6.27%. Sell-side analysts anticipate that BBVA Banco Frances S.A. will post 1.59 EPS for the current fiscal year.

BBVA Banco Frances Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, June 12th were paid a $0.0131 dividend. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Friday, June 12th. BBVA Banco Frances’s dividend payout ratio (DPR) is 100.00%.

Institutional Investors Weigh In On BBVA Banco Frances

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. raised its holdings 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 buying an additional 2,167 shares in the last quarter. Van ECK Associates Corp bought a new stake in shares of BBVA Banco Frances during the 4th quarter worth $150,000. Carter Financial Group INC. acquired a new stake in BBVA Banco Frances in the first quarter valued at about $150,000. Barclays PLC grew its position in BBVA Banco Frances by 78.0% in the fourth quarter. Barclays PLC now owns 10,973 shares of the bank’s stock valued at $198,000 after acquiring an additional 4,808 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC bought a new position in BBVA Banco Frances in the fourth quarter valued at about $224,000.

About BBVA Banco Frances

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.