Arrowstreet Capital Limited Partnership Cuts Stock Position in BBVA Banco Frances S.A. $BBAR

Arrowstreet Capital Limited Partnership cut its holdings in shares of BBVA Banco Frances S.A. (NYSE:BBAR) by 19.3% during the second quarter, Holdings Channel.com reports. The fund owned 888,562 shares of the bank’s stock after selling 212,931 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in BBVA Banco Frances were worth $14,626,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Channing Global Advisors LLC purchased a new stake in shares of BBVA Banco Frances during the second quarter worth about $419,000. JPMorgan Chase & Co. boosted its stake in BBVA Banco Frances by 171.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 177,455 shares of the bank’s stock worth $2,921,000 after purchasing an additional 112,161 shares during the period. SBI Securities Co. Ltd. grew its holdings in BBVA Banco Frances by 199.9% during the 2nd quarter. SBI Securities Co. Ltd. now owns 2,381 shares of the bank’s stock valued at $39,000 after buying an additional 1,587 shares in the last quarter. Fourth Sail Capital LP bought a new stake in shares of BBVA Banco Frances during the second quarter valued at approximately $29,399,000. Finally, GAM Holding AG purchased a new position in shares of BBVA Banco Frances in the second quarter worth $743,000.

BBVA Banco Frances Price Performance

BBAR stock opened at $16.40 on Tuesday. The stock has a market cap of $3.35 billion, a PE ratio of 17.26 and a beta of 1.07. BBVA Banco Frances S.A. has a 12 month low of $7.76 and a 12 month high of $25.01. The company has a 50-day moving average price of $13.20 and a 200 day moving average price of $14.35. The company has a current ratio of 1.07, a quick ratio of 1.11 and a debt-to-equity ratio of 0.32.

BBVA Banco Frances (NYSE:BBAR) last announced its quarterly earnings data on Tuesday, November 25th. The bank reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.07). BBVA Banco Frances had a return on equity of 7.43% and a net margin of 4.46%.The firm had revenue of $512.44 million during the quarter, compared to the consensus estimate of $871.10 billion. Equities research analysts anticipate that BBVA Banco Frances S.A. will post 1.94 earnings per share for the current year.

BBVA Banco Frances Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Tuesday, December 16th will be issued a dividend of $0.0331 per share. This represents a c) dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Tuesday, December 16th. This is an increase from BBVA Banco Frances’s previous monthly dividend of $0.03. BBVA Banco Frances’s dividend payout ratio (DPR) is presently 41.05%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of BBVA Banco Frances in a report on Wednesday, October 8th. Wall Street Zen raised BBVA Banco Frances from a “sell” rating to a “hold” rating in a research note on Friday, November 28th. Itau BBA Securities raised BBVA Banco Frances from a “market perform” rating to an “outperform” rating in a research note on Monday, October 27th. Hsbc Global Res upgraded BBVA Banco Frances to a “strong-buy” rating in a research report on Wednesday, October 1st. Finally, HSBC raised shares of BBVA Banco Frances from a “hold” rating to a “buy” rating and cut their target price for the company from $21.00 to $17.00 in a report on Wednesday, October 1st. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.00.

About BBVA Banco Frances

Banco BBVA Argentina SA provides various banking products and services to individuals and companies in Argentina. The company provides retail banking products and services, such as checking and savings accounts, time deposits, credit cards financing, 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.