BBVA Banco Frances (NYSE:BBAR) Upgraded by Wall Street Zen to Buy Rating

by · The Cerbat Gem

Wall Street Zen upgraded shares of BBVA Banco Frances (NYSE:BBAR – Free Report) from a hold rating to a buy rating in a research report sent to investors on Sunday morning,Wall Street Zen reports.

BBAR has been the subject of a number of other research reports. UBS Group boosted their target price on BBVA Banco Frances from $18.00 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, July 10th. Weiss Ratings raised BBVA Banco Frances from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 31st. Finally, Citigroup cut shares of BBVA Banco Frances from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 2nd. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.50.

View Our Latest Stock Report on BBAR

BBVA Banco Frances Price Performance

Shares of BBAR stock opened at $14.77 on Friday. BBVA Banco Frances has a 1 year low of $7.76 and a 1 year high of $22.47. The company has a current ratio of 1.06, a quick ratio of 1.10 and a debt-to-equity ratio of 0.33. The firm’s 50 day moving average is $17.68 and its 200-day moving average is $16.69. The firm has a market capitalization of $3.02 billion, a price-to-earnings ratio of 14.48 and a beta of 0.93.

BBVA Banco Frances (NYSE:BBAR – Get Free Report) last issued its quarterly earnings results on Friday, August 14th. The bank reported $0.42 earnings per share for the quarter. BBVA Banco Frances had a net margin of 4.16% and a return on equity of 7.56%. The business had revenue of $716.56 million during the quarter. Sell-side analysts forecast that BBVA Banco Frances will post 1.59 EPS for the current fiscal year.

Hedge Funds Weigh In On BBVA Banco Frances

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. increased its stake in shares of BBVA Banco Frances by 54,175.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,171 shares of the bank’s stock valued at $39,000 after acquiring an additional 2,167 shares during the last quarter. XP Advisory US Inc. acquired a new position in BBVA Banco Frances during the second quarter valued at approximately $63,000. Van ECK Associates Corp acquired a new position in BBVA Banco Frances during the fourth quarter valued at approximately $150,000. Carter Financial Group INC. bought a new stake in BBVA Banco Frances in the first quarter valued at approximately $150,000. Finally, Barclays PLC increased its stake 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 purchasing an additional 4,808 shares in the last quarter.

About BBVA Banco Frances

(Get Free Report)

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.

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