Short Interest in Banco BBVA Argentina S.A. (NYSE:BBAR) Decreases By 6.7%

Banco BBVA Argentina S.A. (NYSE:BBAR) was the target of a significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 2,100,000 shares, a decline of 6.7% from the March 15th total of 2,250,000 shares. Based on an average daily trading volume, of 995,500 shares, the short-interest ratio is presently 2.1 days.

Institutional Investors Weigh In On Banco BBVA Argentina

A number of large investors have recently modified their holdings of the business. Fourth Sail Capital LP acquired a new stake in Banco BBVA Argentina during the 1st quarter worth approximately $11,467,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Banco BBVA Argentina by 9.0% during the first quarter. Arrowstreet Capital Limited Partnership now owns 980,478 shares of the bank’s stock worth $3,843,000 after purchasing an additional 80,572 shares during the period. State Street Corp grew its stake in shares of Banco BBVA Argentina by 3.4% in the third quarter. State Street Corp now owns 532,090 shares of the bank’s stock worth $1,612,000 after purchasing an additional 17,580 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Banco BBVA Argentina by 71.8% in the fourth quarter. Renaissance Technologies LLC now owns 405,786 shares of the bank’s stock valued at $1,583,000 after purchasing an additional 169,620 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in Banco BBVA Argentina by 43.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 370,918 shares of the bank’s stock worth $2,018,000 after purchasing an additional 111,578 shares during the last quarter.

Analyst Ratings Changes

Separately, StockNews.com raised Banco BBVA Argentina from a “hold” rating to a “buy” rating in a research note on Tuesday, March 12th.

Banco BBVA Argentina Price Performance

NYSE:BBAR opened at $8.03 on Thursday. Banco BBVA Argentina has a 1 year low of $3.74 and a 1 year high of $9.51. The stock has a 50-day moving average price of $7.34 and a two-hundred day moving average price of $5.77.

Banco BBVA Argentina (NYSE:BBAR) last released its quarterly earnings results on Tuesday, March 5th. The bank reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.50. The firm had revenue of $2.67 billion for the quarter, compared to the consensus estimate of $592.18 million. Banco BBVA Argentina had a return on equity of 11.28% and a net margin of 4.55%. During the same quarter last year, the business posted $0.53 EPS. Research analysts expect that Banco BBVA Argentina will post 1.48 earnings per share for the current fiscal year.

Banco BBVA Argentina Increases Dividend

The company also recently declared a — dividend, which was paid on Tuesday, March 19th. Stockholders of record on Friday, January 1st were issued a dividend of $0.1131 per share. The ex-dividend date of this dividend was Friday, March 8th. This is an increase from Banco BBVA Argentina’s previous — dividend of $0.06. Banco BBVA Argentina’s dividend payout ratio is 4.55%.

About Banco BBVA Argentina

Banco BBVA Argentina SA provides various banking products and services to individuals and companies in Argentina. It provides retail banking products and services, such as checking and savings accounts, time deposits, credit cards, consumer and pledge loans, mortgages, insurance, and investment products to individuals; and small and medium-sized companies products and services, including financing products, factoring, checking accounts, time deposits, transactional and payroll services, insurance, and investment products to private-sector companies.