Brokerages Set BBVA Banco Frances S.A. (NYSE:BBAR) Target Price at $17.50

BBVA Banco Frances S.A. (NYSE:BBAR) has been given an average recommendation of “Moderate Buy” by the seven brokerages that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $17.50.

Institutional Investors Weigh In On BBVA Banco Frances

Several hedge funds have recently added to or reduced their stakes in BBAR. Northwestern Mutual Wealth Management Co. lifted its stake in BBVA Banco Frances by 54,175.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,171 shares of the bank’s stock worth $39,000 after purchasing an additional 2,167 shares during the last quarter. Virtu Financial LLC bought a new stake in BBVA Banco Frances during the third quarter worth about $109,000. Insigneo Advisory Services LLC bought a new stake in BBVA Banco Frances during the third quarter worth about $136,000. Carter Financial Group INC. bought a new stake in BBVA Banco Frances during the first quarter worth about $150,000. Finally, Van ECK Associates Corp bought a new stake in BBVA Banco Frances during the fourth quarter worth about $150,000.

BBVA Banco Frances Price Performance

BBVA Banco Frances stock opened at $20.63 on Monday. BBVA Banco Frances has a 52 week low of $7.76 and a 52 week high of $21.38. The business has a 50-day simple moving average of $16.19 and a 200 day simple moving average of $16.54. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 0.31. The stock has a market cap of $4.21 billion, a price-to-earnings ratio of 25.16 and a beta of 0.99.

BBVA Banco Frances (NYSE:BBAR) last posted its earnings results on Friday, May 15th. The bank reported $0.28 EPS for the quarter. BBVA Banco Frances had a return on equity of 6.27% and a net margin of 3.44%.The business had revenue of $822.07 million during the quarter. On average, research analysts forecast that BBVA Banco Frances will post 1.59 earnings per share for the current fiscal year.

BBVA Banco Frances Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, April 27th. Shareholders of record on Monday, April 20th were paid a dividend of $0.0382 per share. This represents a c) annualized dividend and a yield of 2.2%. This is an increase from BBVA Banco Frances’s previous monthly dividend of $0.04. The ex-dividend date of this dividend was Monday, April 20th. BBVA Banco Frances’s dividend payout ratio is presently 54.88%.

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.