BBVA Banco Frances Stock Price Down 2.2% on Disappointing Earnings (BFR)
Shares of BBVA Banco Frances (NYSE:BFR) fell 2.2% on Tuesday following a weaker than expected earnings announcement, Analyst Ratings Net reports. The company traded as low as $10.77 and last traded at $10.92, with a volume of 142,319 shares. The stock had previously closed at $11.17.
The company reported $0.27 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.44 by $0.17.
Separately, analysts at Zacks downgraded shares of BBVA Banco Frances from an “outperform” rating to a “neutral” rating in a research note on Monday. They now have a $13.40 price target on the stock.
The stock has a 50-day moving average of $12.56 and a 200-day moving average of $9.60. The company has a market cap of $1.965 billion and a price-to-earnings ratio of 5.19.
BBVA Banco Frances SA (NYSE:BFR) is an Argentina-based bank.
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