BBVA Banco Frances S.A. (NYSE:BFR) has received an average rating of “Hold” from the six ratings firms that are presently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $23.00.

Several research analysts recently weighed in on BFR shares. Credit Suisse Group set a $23.00 price target on shares of BBVA Banco Frances and gave the stock a “buy” rating in a research report on Friday, August 11th. Santander upgraded shares of BBVA Banco Frances from a “hold” rating to a “buy” rating in a research report on Friday. BidaskClub upgraded shares of BBVA Banco Frances from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. ValuEngine downgraded shares of BBVA Banco Frances from a “buy” rating to a “hold” rating in a research report on Wednesday, June 14th. Finally, Zacks Investment Research upgraded shares of BBVA Banco Frances from a “strong sell” rating to a “hold” rating in a research report on Monday, May 22nd.

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A number of hedge funds have recently added to or reduced their stakes in the business. Bank of Montreal Can raised its holdings in BBVA Banco Frances by 38.0% in the 2nd quarter. Bank of Montreal Can now owns 2,240,237 shares of the bank’s stock valued at $42,408,000 after acquiring an additional 617,332 shares during the last quarter. Schroder Investment Management Group raised its holdings in BBVA Banco Frances by 43.7% in the 2nd quarter. Schroder Investment Management Group now owns 820,745 shares of the bank’s stock valued at $15,282,000 after acquiring an additional 249,593 shares during the last quarter. MARSHALL WACE ASIA Ltd acquired a new stake in BBVA Banco Frances in the 2nd quarter valued at about $13,416,000. Goldman Sachs Group Inc. raised its holdings in BBVA Banco Frances by 10.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 612,711 shares of the bank’s stock valued at $11,286,000 after acquiring an additional 57,086 shares during the last quarter. Finally, INCA Investments LLC acquired a new stake in BBVA Banco Frances in the 2nd quarter valued at about $4,559,000. Institutional investors own 5.43% of the company’s stock.

BBVA Banco Frances (BFR) traded up 0.46% during midday trading on Friday, reaching $17.57. The company’s stock had a trading volume of 421,503 shares. The stock has a market cap of $3.14 billion, a price-to-earnings ratio of 19.20 and a beta of 0.66. The stock’s 50 day moving average price is $16.38 and its 200-day moving average price is $17.83. BBVA Banco Frances has a one year low of $14.55 and a one year high of $21.90.

The firm also recently disclosed a None dividend, which was paid on Friday, August 18th. Shareholders of record on Thursday, August 10th were issued a $0.251 dividend. The ex-dividend date of this dividend was Tuesday, August 8th.

BBVA Banco Frances Company Profile

BBVA Banco Frances SA (the Bank) is a provider of financial services to large corporations, small and medium-size companies (SMEs), as well as individual customers. The Bank is focused on the financial sector, through its activities related to banking/financial, pension fund manager and insurance. The Bank has all its operations, property and customers located in Argentina.

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