BBVA Banco Frances S.A. (NYSE:BBAR) Sees Large Drop in Short Interest

BBVA Banco Frances S.A. (NYSE:BBAR) was the target of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 479,727 shares, a decrease of 56.3% from the August 31st total of 1,098,660 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 649,468 shares, the short-interest ratio is presently 0.7 days.

Institutional Trading of BBVA Banco Frances

Large investors have recently bought and sold shares of the business. NewEdge Advisors LLC acquired a new position in shares of BBVA Banco Frances during the 2nd quarter worth approximately $311,000. XP Advisory US Inc. purchased a new stake in shares of BBVA Banco Frances in the second quarter valued at approximately $63,000. OceanIQ Capital LLC acquired a new stake in shares of BBVA Banco Frances in the second quarter valued at approximately $249,000. Carter Financial Group INC. acquired a new stake in shares of BBVA Banco Frances in the first quarter valued at approximately $150,000. Finally, Alpine Global Management LLC purchased a new position in BBVA Banco Frances during the fourth quarter worth approximately $4,042,000.

BBVA Banco Frances Price Performance

Shares of NYSE:BBAR traded down $0.62 during trading on Monday, reaching $12.53. The stock had a trading volume of 641,373 shares, compared to its average volume of 684,044. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.10 and a current ratio of 1.06. BBVA Banco Frances has a 1-year low of $7.76 and a 1-year high of $22.47. The stock has a market cap of $2.56 billion, a PE ratio of 12.28 and a beta of 0.93. The business has a fifty day moving average price of $16.04 and a 200-day moving average price of $16.59.

BBVA Banco Frances (NYSE:BBAR) last posted its quarterly earnings data on Friday, August 14th. The bank reported $0.42 EPS for the quarter. The firm had revenue of $716.56 million during the quarter. BBVA Banco Frances had a return on equity of 7.56% and a net margin of 4.16%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on BBAR. Wall Street Zen upgraded BBVA Banco Frances from a “hold” rating to a “buy” rating in a research report on Sunday, September 6th. Citigroup downgraded BBVA Banco Frances from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 2nd. Weiss Ratings cut BBVA Banco Frances from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, September 14th. Finally, UBS Group upped their target price on BBVA Banco Frances from $18.00 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, July 10th. Two research 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. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.50.

About BBVA Banco Frances

BBVA Banco Francés, now operating as BBVA Argentina SA under the BBVA brand, is a banking institution serving individuals, businesses and corporate customers in Argentina. It is part of the Spanish BBVA Group, a global financial services organization.

The bank provides a range of retail and commercial banking products, including deposit accounts, personal and business loans, credit and debit cards, payment services, insurance and investment-related services. It also offers digital banking channels and financial solutions for companies and institutional clients.

The institution traces its history to Banco Francés del Río de la Plata, founded in Argentina in 1886.