BBVA Banco Frances S.A. (NYSE:BBAR) Receives Average Recommendation of “Moderate Buy” from Analysts

BBVA Banco Frances S.A. (NYSE:BBAR) has been assigned an average rating of “Moderate Buy” from the seven ratings firms that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $18.50.

BBAR has been the subject of a number of recent analyst reports. UBS Group lifted their target price on shares of BBVA Banco Frances from $18.00 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, July 10th. Weiss Ratings restated a “hold (c-)” rating on shares of BBVA Banco Frances in a research note on Tuesday, July 14th.

Institutional Trading of BBVA Banco Frances

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BBAR. Fourth Sail Capital LP grew its stake in BBVA Banco Frances by 6.7% during the 4th quarter. Fourth Sail Capital LP now owns 2,847,061 shares of the bank’s stock valued at $51,446,000 after purchasing an additional 177,799 shares during the last quarter. PointState Capital LP raised its stake in shares of BBVA Banco Frances by 60.5% in the fourth quarter. PointState Capital LP now owns 2,668,038 shares of the bank’s stock worth $48,211,000 after purchasing an additional 1,005,978 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of BBVA Banco Frances by 9.8% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,021,521 shares of the bank’s stock worth $33,274,000 after purchasing an additional 180,137 shares during the period. Samlyn Capital LLC lifted its holdings in shares of BBVA Banco Frances by 6.6% during the third quarter. Samlyn Capital LLC now owns 1,944,429 shares of the bank’s stock worth $16,178,000 after purchasing an additional 120,185 shares during the period. Finally, Aquamarine Financial Cayman Ltd boosted its position in BBVA Banco Frances by 103.8% in the fourth quarter. Aquamarine Financial Cayman Ltd now owns 1,141,305 shares of the bank’s stock valued at $20,623,000 after buying an additional 581,305 shares during the last quarter.

BBVA Banco Frances Trading Up 1.7%

BBVA Banco Frances stock opened at $19.17 on Tuesday. The stock has a 50-day moving average of $19.01 and a two-hundred day moving average of $17.17. 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 one year low of $7.76 and a one year high of $22.47. The stock has a market cap of $3.92 billion, a PE ratio of 23.38 and a beta of 1.00.

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

BBVA Banco Frances Announces Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, June 12th were given a $0.0131 dividend. This represents a c) annualized dividend and a dividend 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%.

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.