Brokerages Set BBVA Banco Frances S.A. (NYSE:BBAR) Price Target at $20.67

Shares of BBVA Banco Frances S.A. (NYSE:BBAR) have been given an average recommendation of “Moderate Buy” by the seven research firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $20.6667.

A number of research firms have issued reports on BBAR. Hsbc Global Res raised BBVA Banco Frances to a “strong-buy” rating in a research report on Wednesday, October 1st. Itau BBA Securities upgraded BBVA Banco Frances from a “market perform” rating to an “outperform” rating in a report on Monday, October 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of BBVA Banco Frances in a report on Wednesday, October 8th. Wall Street Zen upgraded BBVA Banco Frances from a “sell” rating to a “hold” rating in a report on Sunday, September 7th. Finally, Zacks Research downgraded BBVA Banco Frances from a “hold” rating to a “strong sell” rating in a report on Monday, September 8th.

BBVA Banco Frances Price Performance

BBAR stock opened at $16.57 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a market capitalization of $3.38 billion, a P/E ratio of 12.36 and a beta of 1.13. The business’s 50-day moving average is $10.42 and its two-hundred day moving average is $15.29. BBVA Banco Frances has a 1 year low of $7.76 and a 1 year high of $25.01.

BBVA Banco Frances (NYSE:BBAR) last posted its quarterly earnings results on Wednesday, August 20th. The bank reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.13). The company had revenue of $524.41 million during the quarter, compared to analyst estimates of $727.31 billion. BBVA Banco Frances had a net margin of 6.65% and a return on equity of 10.24%. Analysts anticipate that BBVA Banco Frances will post 1.94 earnings per share for the current fiscal year.

BBVA Banco Frances Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Monday, October 27th. Investors of record on Monday, October 20th were paid a dividend of $0.0311 per share. This represents a c) dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Monday, October 20th. BBVA Banco Frances’s dividend payout ratio (DPR) is currently 21.64%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. grew its stake in BBVA Banco Frances by 199.9% during the 2nd quarter. SBI Securities Co. Ltd. now owns 2,381 shares of the bank’s stock worth $39,000 after buying an additional 1,587 shares during the last quarter. GAMMA Investing LLC grew its stake in BBVA Banco Frances by 27.1% during the 1st quarter. GAMMA Investing LLC now owns 5,303 shares of the bank’s stock worth $96,000 after buying an additional 1,132 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in BBVA Banco Frances during the 1st quarter worth approximately $211,000. Private Advisor Group LLC purchased a new position in BBVA Banco Frances during the 1st quarter worth approximately $224,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in BBVA Banco Frances during the 3rd quarter worth approximately $108,000.

BBVA Banco Frances Company Profile

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.