BBVA Banco Frances S.A. (NYSE:BBAR) Given Average Rating of “Moderate Buy” by Analysts

BBVA Banco Frances S.A. (NYSE:BBAR) has been given a consensus recommendation of “Moderate Buy” by the seven ratings firms that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $17.50.

BBVA Banco Frances Price Performance

BBAR stock opened at $19.41 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.04 and a current ratio of 1.10. BBVA Banco Frances has a 1 year low of $7.76 and a 1 year high of $22.47. The firm has a market cap of $3.96 billion, a P/E ratio of 23.67 and a beta of 1.00. The stock has a 50-day simple moving average of $17.80 and a 200-day simple moving average of $17.03.

BBVA Banco Frances (NYSE:BBAR) last announced its earnings results on Friday, May 15th. The bank reported $0.28 EPS for the quarter. The business had revenue of $822.07 million for the quarter. BBVA Banco Frances had a return on equity of 6.27% and a net margin of 3.44%. On average, equities analysts predict that BBVA Banco Frances will post 1.59 earnings per share for the current fiscal year.

BBVA Banco Frances Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, June 12th were given 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 is presently 100.00%.

Hedge Funds Weigh In On BBVA Banco Frances

Institutional investors and hedge funds have recently made changes to their positions in the business. Carter Financial Group INC. bought a new position in BBVA Banco Frances during the 1st quarter valued at $150,000. Alpine Global Management LLC bought a new position in shares of BBVA Banco Frances in the 4th quarter worth about $4,042,000. PointState Capital LP boosted its position in BBVA Banco Frances by 60.5% during the 4th quarter. PointState Capital LP now owns 2,668,038 shares of the bank’s stock valued at $48,211,000 after purchasing an additional 1,005,978 shares during the period. Millennium Management LLC grew its position in shares of BBVA Banco Frances by 3,633.8% during the fourth quarter. Millennium Management LLC now owns 613,832 shares of the bank’s stock worth $11,092,000 after acquiring an additional 597,392 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in shares of BBVA Banco Frances in the 4th quarter worth about $224,000.

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.