BBVA Banco Frances (NYSE:BBAR) Raised to “Hold” at Zacks Research

by · The Cerbat Gem

BBVA Banco Frances (NYSE:BBAR – Get Free Report) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

A number of other brokerages have also recently issued reports on BBAR. Wall Street Zen upgraded BBVA Banco Frances from a “sell” rating to a “hold” rating in a report on Sunday, September 7th. Citigroup upgraded BBVA Banco Frances from a “neutral” rating to a “buy” rating in a report on Monday. Hsbc Global Res upgraded BBVA Banco Frances to a “strong-buy” rating in a report on Wednesday, October 1st. HSBC upgraded BBVA Banco Frances from a “hold” rating to a “buy” rating and decreased their target price for the stock from $21.00 to $17.00 in a report on Wednesday, October 1st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of BBVA Banco Frances in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $20.67.

Read Our Latest Report on BBAR

BBVA Banco Frances Stock Down 1.9%

Shares of BBVA Banco Frances stock opened at $16.83 on Monday. The business’s fifty day moving average price is $10.58 and its two-hundred day moving average price is $15.21. 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 company has a market capitalization of $3.44 billion, a P/E ratio of 12.56 and a beta of 1.13. BBVA Banco Frances has a 1-year low of $7.76 and a 1-year high of $25.01.

BBVA Banco Frances (NYSE:BBAR – Get Free Report) last issued its quarterly earnings results on Wednesday, August 20th. The bank reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.13). The firm had revenue of $524.41 million for 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%. As a group, research analysts forecast that BBVA Banco Frances will post 1.94 EPS for the current year.

Hedge Funds Weigh In On BBVA Banco Frances

A number of institutional investors have recently made changes to their positions in the business. Kapitalo Investimentos Ltda bought a new position in shares of BBVA Banco Frances in the third quarter worth about $918,000. Ping Capital Management Inc. increased its stake in shares of BBVA Banco Frances by 40.8% in the third quarter. Ping Capital Management Inc. now owns 1,050,500 shares of the bank’s stock worth $8,740,000 after purchasing an additional 304,600 shares during the period. Y Intercept Hong Kong Ltd bought a new position in shares of BBVA Banco Frances in the third quarter worth about $108,000. Benjamin Edwards Inc. increased its stake in BBVA Banco Frances by 42.7% during the third quarter. Benjamin Edwards Inc. now owns 26,071 shares of the bank’s stock valued at $217,000 after acquiring an additional 7,803 shares during the period. Finally, SG Americas Securities LLC acquired a new position in BBVA Banco Frances in the 3rd quarter valued at approximately $273,000.

About BBVA Banco Frances

(Get Free Report)

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.

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