BBVA Banco Frances (NYSE:BBAR) Issues Earnings Results

BBVA Banco Frances (NYSE:BBAR) released its quarterly earnings data on Tuesday. The bank reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.10, Zacks reports. BBVA Banco Frances had a net margin of 3.70% and a return on equity of 6.55%. The firm had revenue of $822.07 million during the quarter, compared to analysts’ expectations of $686.31 million.

BBVA Banco Frances Trading Up 8.8%

Shares of BBVA Banco Frances stock opened at $16.63 on Wednesday. The firm has a 50-day moving average of $15.11 and a 200-day moving average of $16.29. The stock has a market cap of $3.40 billion, a PE ratio of 20.04 and a beta of 0.92. BBVA Banco Frances has a 52-week low of $7.76 and a 52-week high of $21.90. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.04 and a current ratio of 1.04.

BBVA Banco Frances Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, April 27th. Stockholders of record on Monday, April 20th were given a $0.0382 dividend. The ex-dividend date of this dividend was Monday, April 20th. This is a boost from BBVA Banco Frances’s previous monthly dividend of $0.04. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%. BBVA Banco Frances’s dividend payout ratio (DPR) is presently 54.22%.

Institutional Investors Weigh In On BBVA Banco Frances

A number of institutional investors have recently modified their holdings of the business. PointState Capital LP boosted its position in shares of BBVA Banco Frances by 60.5% in the fourth 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 during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of BBVA Banco Frances by 9.8% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,021,521 shares of the bank’s stock valued at $33,274,000 after acquiring an additional 180,137 shares during the period. Samlyn Capital LLC boosted its position in shares of BBVA Banco Frances by 6.6% in the third quarter. Samlyn Capital LLC now owns 1,944,429 shares of the bank’s stock valued at $16,178,000 after acquiring an additional 120,185 shares during the period. Millennium Management LLC boosted its position in shares of BBVA Banco Frances by 3,633.8% in the fourth quarter. Millennium Management LLC now owns 613,832 shares of the bank’s stock valued at $11,092,000 after acquiring an additional 597,392 shares during the period. Finally, Brevan Howard Capital Management LP boosted its position in shares of BBVA Banco Frances by 6.0% in the second quarter. Brevan Howard Capital Management LP now owns 514,724 shares of the bank’s stock valued at $8,810,000 after acquiring an additional 29,319 shares during the period.

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.