BBVA Banco Frances (NYSE:BBAR) Trading Down 5.7% – Should You Sell?

BBVA Banco Frances S.A. (NYSE:BBAR) was down 5.7% during mid-day trading on Friday . The company traded as low as $15.37 and last traded at $15.3410. Approximately 357,474 shares were traded during trading, a decline of 48% from the average daily volume of 681,364 shares. The stock had previously closed at $16.26.

BBVA Banco Frances Price Performance

The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.17. The company’s fifty day moving average is $15.02 and its two-hundred day moving average is $16.31. The stock has a market cap of $3.12 billion, a price-to-earnings ratio of 18.43 and a beta of 0.92.

BBVA Banco Frances (NYSE:BBAR) last posted its earnings results on Wednesday, March 4th. The bank reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.16). BBVA Banco Frances had a net margin of 3.70% and a return on equity of 6.55%. The company had revenue of $337.36 million during the quarter, compared to analyst estimates of $874.92 billion. As a group, research analysts predict that BBVA Banco Frances S.A. will post 1.59 earnings per share for the current year.

BBVA Banco Frances Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, April 27th. Investors of record on Monday, April 20th were issued a $0.0382 dividend. This is a boost from BBVA Banco Frances’s previous monthly dividend of $0.04. The ex-dividend date was Monday, April 20th. This represents a c) annualized dividend and a yield of 3.0%. BBVA Banco Frances’s payout ratio is 54.22%.

Institutional Trading of BBVA Banco Frances

Several institutional investors have recently added to or reduced their stakes in the stock. Carter Financial Group INC. acquired a new stake in BBVA Banco Frances in the 1st quarter valued at approximately $150,000. Alpine Global Management LLC acquired a new stake in BBVA Banco Frances in the 4th quarter valued at approximately $4,042,000. PointState Capital LP increased its holdings in BBVA Banco Frances by 60.5% in the 4th quarter. PointState Capital LP now owns 2,668,038 shares of the bank’s stock valued at $48,211,000 after purchasing an additional 1,005,978 shares during the last quarter. Millennium Management LLC increased its holdings in BBVA Banco Frances by 3,633.8% in the 4th quarter. Millennium Management LLC now owns 613,832 shares of the bank’s stock valued at $11,092,000 after purchasing an additional 597,392 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in BBVA Banco Frances in the 4th quarter valued at approximately $224,000.

About BBVA Banco Frances

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.