Fourth Sail Capital LP Acquires 177,799 Shares of BBVA Banco Frances S.A. $BBAR

Fourth Sail Capital LP boosted its holdings in BBVA Banco Frances S.A. (NYSE:BBAR) by 6.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,847,061 shares of the bank’s stock after buying an additional 177,799 shares during the period. BBVA Banco Frances makes up about 8.3% of Fourth Sail Capital LP’s investment portfolio, making the stock its biggest position. Fourth Sail Capital LP’s holdings in BBVA Banco Frances were worth $51,446,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Aquamarine Financial Cayman Ltd raised its holdings 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 worth $20,623,000 after purchasing an additional 581,305 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in BBVA Banco Frances by 9.8% in 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. Goldman Sachs Group Inc. raised its holdings in BBVA Banco Frances by 41.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 488,439 shares of the bank’s stock worth $8,826,000 after purchasing an additional 144,126 shares during the period. Verition Fund Management LLC raised its holdings in BBVA Banco Frances by 143.7% in the third quarter. Verition Fund Management LLC now owns 239,519 shares of the bank’s stock worth $1,993,000 after purchasing an additional 141,218 shares during the period. Finally, Samlyn Capital LLC raised its holdings in BBVA Banco Frances by 6.6% in 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.

BBVA Banco Frances Trading Up 2.2%

BBAR opened at $20.63 on Friday. The firm’s fifty day moving average is $16.19 and its two-hundred day moving average is $16.54. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.04 and a current ratio of 1.10. The firm has a market cap of $4.21 billion, a PE ratio of 25.16 and a beta of 0.99. BBVA Banco Frances S.A. has a twelve month low of $7.76 and a twelve month high of $21.38.

BBVA Banco Frances (NYSE:BBAR) last posted its earnings results on Friday, May 15th. The bank reported $0.28 earnings per share for the quarter. The company 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%. Equities research analysts anticipate that BBVA Banco Frances S.A. will post 1.59 EPS for the current year.

BBVA Banco Frances Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, April 27th. Shareholders of record on Monday, April 20th were issued a $0.0382 dividend. This represents a c) annualized dividend and a yield of 2.2%. This is a boost from BBVA Banco Frances’s previous monthly dividend of $0.04. The ex-dividend date was Monday, April 20th. BBVA Banco Frances’s dividend payout ratio (DPR) is 115.85%.

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.