BBVA Banco Frances S.A. $BBAR Stock Position Raised by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its holdings in shares of BBVA Banco Frances S.A. (NYSE:BBAR) by 62.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 287,789 shares of the bank’s stock after purchasing an additional 110,334 shares during the quarter. JPMorgan Chase & Co.’s holdings in BBVA Banco Frances were worth $2,394,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Ping Capital Management Inc. grew its position in shares of BBVA Banco Frances by 40.8% during the 3rd quarter. Ping Capital Management Inc. now owns 1,050,500 shares of the bank’s stock valued at $8,740,000 after buying an additional 304,600 shares during the last quarter. Kapitalo Investimentos Ltda bought a new position in BBVA Banco Frances in the 3rd quarter worth about $918,000. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in BBVA Banco Frances in the 2nd quarter worth about $3,168,000. TT International Asset Management LTD bought a new position in BBVA Banco Frances in the 3rd quarter worth about $824,000. Finally, SG Americas Securities LLC bought a new position in BBVA Banco Frances in the 3rd quarter worth about $273,000.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of BBVA Banco Frances in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $17.67.

BBVA Banco Frances Price Performance

NYSE BBAR opened at $15.89 on Tuesday. BBVA Banco Frances S.A. has a 52 week low of $7.76 and a 52 week high of $23.10. The company has a current ratio of 1.12, a quick ratio of 1.07 and a debt-to-equity ratio of 0.41. The stock has a market cap of $3.25 billion, a price-to-earnings ratio of 19.15 and a beta of 1.07. The company has a 50-day moving average price of $16.01 and a two-hundred day moving average price of $15.18.

BBVA Banco Frances (NYSE:BBAR) last posted its earnings results on Wednesday, March 4th. The bank reported $0.18 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.16). The firm had revenue of $337.36 million during the quarter, compared to the consensus estimate of $874.92 billion. BBVA Banco Frances had a return on equity of 6.55% and a net margin of 3.70%. Analysts forecast that BBVA Banco Frances S.A. will post 1.94 EPS for the current year.

BBVA Banco Frances Increases Dividend

The business also recently declared a monthly dividend, which was paid on Monday, March 23rd. Stockholders of record on Monday, March 16th were paid a $0.037 dividend. The ex-dividend date of this dividend was Monday, March 16th. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%. This is an increase from BBVA Banco Frances’s previous monthly dividend of $0.04. BBVA Banco Frances’s dividend payout ratio (DPR) is currently 53.01%.

About BBVA Banco Frances

BBVA Banco Francés is one of Argentina’s leading financial institutions, operating as a subsidiary of the global banking group BBVA. The bank provides a full range of retail and commercial banking services to individuals, small and medium‐sized enterprises, large corporations and institutional clients. Its product suite spans deposit accounts, mortgages, personal and auto loans, credit and debit cards, transactional banking and digital solutions designed to meet the evolving needs of customers in both urban and regional markets.

Founded in Buenos Aires in the late 19th century, Banco Francés has developed a longstanding presence in Argentina’s financial sector.