Wall Street brokerages expect BBVA Banco Frances S.A. (NYSE:BFR) to post earnings of $0.40 per share for the current fiscal quarter, Zacks reports. Zero analysts have issued estimates for BBVA Banco Frances’ earnings. BBVA Banco Frances posted earnings per share of $0.35 in the same quarter last year, which would suggest a positive year-over-year growth rate of 14.3%. The company is expected to report its next earnings results on Thursday, November 9th.

On average, analysts expect that BBVA Banco Frances will report full-year earnings of $1.77 per share for the current fiscal year. For the next year, analysts forecast that the business will post earnings of $1.83 per share. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow BBVA Banco Frances.

BFR has been the topic of a number of analyst reports. Zacks Investment Research raised BBVA Banco Frances from a “strong sell” rating to a “hold” rating in a research report on Monday, May 22nd. UBS AG upgraded BBVA Banco Frances from a “sell” rating to a “neutral” rating in a research note on Friday, May 26th. BidaskClub cut BBVA Banco Frances from a “buy” rating to a “hold” rating in a research note on Friday, June 9th. Credit Suisse Group upgraded BBVA Banco Frances from an “underperform” rating to an “outperform” rating in a research note on Tuesday, June 13th. Finally, ValuEngine cut BBVA Banco Frances from a “buy” rating to a “hold” rating in a research note on Wednesday, June 14th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $23.00.

Shares of BBVA Banco Frances (NYSE BFR) traded up 3.26% during trading on Monday, reaching $19.31. The company’s stock had a trading volume of 1,420,528 shares. The company has a market cap of $3.46 billion, a PE ratio of 20.97 and a beta of 0.66. BBVA Banco Frances has a 52-week low of $14.55 and a 52-week high of $21.90. The firm’s 50-day moving average is $16.85 and its 200 day moving average is $17.87.

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Several institutional investors and hedge funds have recently made changes to their positions in BFR. Banco BTG Pactual S.A. bought a new position in shares of BBVA Banco Frances in the 1st quarter valued at $184,000. Comerica Bank lifted its stake in shares of BBVA Banco Frances by 1.3% in the 1st quarter. Comerica Bank now owns 10,260 shares of the bank’s stock valued at $190,000 after acquiring an additional 134 shares during the last quarter. World Asset Management Inc lifted its stake in shares of BBVA Banco Frances by 0.8% in the 1st quarter. World Asset Management Inc now owns 11,137 shares of the bank’s stock valued at $205,000 after acquiring an additional 92 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of BBVA Banco Frances by 2.4% in the 2nd quarter. Wells Fargo & Company MN now owns 12,018 shares of the bank’s stock valued at $227,000 after acquiring an additional 277 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its stake in shares of BBVA Banco Frances by 66.2% in the 2nd quarter. Fisher Asset Management LLC now owns 20,441 shares of the bank’s stock valued at $387,000 after acquiring an additional 8,141 shares during the last quarter. Institutional investors own 5.43% of the company’s stock.

About BBVA Banco Frances

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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