BBVA Banco Frances (NYSE:BBAR) Stock Price Passes Above 200 Day Moving Average – Here’s Why

Shares of BBVA Banco Frances S.A. (NYSE:BBAR) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $14.35 and traded as high as $16.88. BBVA Banco Frances shares last traded at $16.40, with a volume of 490,636 shares trading hands.

Analysts Set New Price Targets

A number of brokerages have recently commented on BBAR. HSBC upgraded BBVA Banco Frances from a “hold” rating to a “buy” rating and lowered their target price for the stock from $21.00 to $17.00 in a research note on Wednesday, October 1st. Citigroup upgraded BBVA Banco Frances from a “neutral” rating to a “buy” rating in a research report on Monday, November 3rd. The Goldman Sachs Group raised shares of BBVA Banco Frances to a “strong-buy” rating in a report on Monday, November 10th. Wall Street Zen raised shares of BBVA Banco Frances from a “sell” rating to a “hold” rating in a report on Friday, November 28th. Finally, Hsbc Global Res raised shares of BBVA Banco Frances to a “strong-buy” rating in a report on Wednesday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $20.00.

BBVA Banco Frances Stock Performance

The stock has a market cap of $3.35 billion, a price-to-earnings ratio of 17.26 and a beta of 1.07. The firm’s 50-day moving average is $13.20 and its two-hundred day moving average is $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 posted its quarterly earnings data on Tuesday, November 25th. The bank reported $0.13 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.07). The firm had revenue of $512.44 million for the quarter, compared to analysts’ expectations of $871.10 billion. BBVA Banco Frances had a return on equity of 7.43% and a net margin of 4.46%. As a group, sell-side analysts expect 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 announced a monthly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 16th will be given a $0.0331 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. This is a positive change from BBVA Banco Frances’s previous monthly dividend of $0.03. The ex-dividend date is Tuesday, December 16th. BBVA Banco Frances’s dividend payout ratio (DPR) is currently 41.05%.

Institutional Trading of BBVA Banco Frances

Several large investors have recently bought and sold shares of the business. SBI Securities Co. Ltd. raised its holdings in BBVA Banco Frances by 199.9% in the 2nd quarter. SBI Securities Co. Ltd. now owns 2,381 shares of the bank’s stock valued at $39,000 after acquiring an additional 1,587 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of BBVA Banco Frances in the third quarter valued at approximately $108,000. Virtu Financial LLC acquired a new stake in shares of BBVA Banco Frances in the third quarter valued at approximately $109,000. Insigneo Advisory Services LLC purchased a new position in BBVA Banco Frances during the third quarter worth approximately $136,000. Finally, Fox Run Management L.L.C. purchased a new stake in BBVA Banco Frances in the 1st quarter valued at $211,000.

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.