Alpine Global Management LLC Acquires New Stake in BBVA Banco Frances S.A. $BBAR

Alpine Global Management LLC bought a new position in shares of BBVA Banco Frances S.A. (NYSE:BBAR) during the 4th quarter, Holdings Channel.com reports. The firm bought 223,697 shares of the bank’s stock, valued at approximately $4,042,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. grew its position in shares of BBVA Banco Frances by 54,175.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,171 shares of the bank’s stock valued at $39,000 after buying an additional 2,167 shares during the last quarter. Virtu Financial LLC bought a new position in shares of BBVA Banco Frances during the third quarter worth about $109,000. Insigneo Advisory Services LLC acquired a new position in shares of BBVA Banco Frances in the third quarter worth approximately $136,000. Van ECK Associates Corp acquired a new position in shares of BBVA Banco Frances in the fourth quarter worth approximately $150,000. Finally, Barclays PLC boosted its holdings in BBVA Banco Frances by 78.0% in the fourth quarter. Barclays PLC now owns 10,973 shares of the bank’s stock valued at $198,000 after acquiring an additional 4,808 shares during the last quarter.

BBVA Banco Frances Stock Up 4.2%

Shares of NYSE BBAR opened at $21.93 on Friday. The company’s 50 day moving average price is $16.60 and its 200-day moving average price is $16.72. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.04 and a current ratio of 1.10. BBVA Banco Frances S.A. has a 52-week low of $7.76 and a 52-week high of $22.47. The company has a market capitalization of $4.48 billion, a P/E ratio of 26.74 and a beta of 0.99.

BBVA Banco Frances (NYSE:BBAR) last announced its earnings results on Friday, May 15th. The bank reported $0.28 earnings per share for the quarter. The business had revenue of $822.07 million during the quarter. BBVA Banco Frances had a net margin of 3.44% and a return on equity of 6.27%. Equities analysts forecast that BBVA Banco Frances S.A. will post 1.59 earnings per share for the current year.

BBVA Banco Frances Dividend Announcement

The firm also recently declared a dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, June 12th were issued a dividend of $0.0131 per share. The ex-dividend date was Friday, June 12th. BBVA Banco Frances’s dividend payout ratio (DPR) is presently 36.59%.

BBVA Banco Frances Company Profile

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.