BBVA Banco Frances (NYSE:BBAR) Raised to “Buy” at Wall Street Zen

BBVA Banco Frances (NYSE:BBAR) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Sunday, Wall Street Zen reports.

Other equities research analysts have also issued research reports about the company. Citigroup lowered BBVA Banco Frances from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 2nd. UBS Group lifted their price objective on BBVA Banco Frances from $18.00 to $20.00 and gave the stock a “neutral” rating in a report on Friday, July 10th. Finally, Weiss Ratings upgraded BBVA Banco Frances from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 31st. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.50.

BBVA Banco Frances Stock Down 0.3%

Shares of NYSE BBAR opened at $14.77 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.06 and a debt-to-equity ratio of 0.33. BBVA Banco Frances has a 52 week low of $7.76 and a 52 week high of $22.47. The firm has a 50-day moving average price of $17.58 and a 200 day moving average price of $16.69. The stock 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) last issued its 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 company had revenue of $716.56 million for the quarter. Equities research analysts anticipate that BBVA Banco Frances will post 1.59 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BBAR. XP Advisory US Inc. purchased a new position in shares of BBVA Banco Frances during the 2nd quarter worth about $63,000. OceanIQ Capital LLC acquired a new stake in shares of BBVA Banco Frances in the second quarter worth $249,000. Carter Financial Group INC. purchased a new position in shares of BBVA Banco Frances in the 1st quarter valued at $150,000. Alpine Global Management LLC acquired a new position in shares of BBVA Banco Frances during the 4th quarter valued at $4,042,000. Finally, PointState Capital LP lifted its holdings in shares of BBVA Banco Frances by 60.5% during the 4th quarter. PointState Capital LP now owns 2,668,038 shares of the bank’s stock valued at $48,211,000 after acquiring an additional 1,005,978 shares in the last quarter.

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.