BBVA Banco Frances (NYSE:BBAR) Shares Pass Above 200 Day Moving Average – Time to Sell?

BBVA Banco Frances S.A. (NYSE:BBAR)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $16.87 and traded as high as $19.79. BBVA Banco Frances shares last traded at $19.2930, with a volume of 432,192 shares traded.

BBVA Banco Frances Stock Performance

The business’s 50 day simple moving average is $17.05 and its two-hundred day simple moving average is $16.87. The firm has a market capitalization of $3.94 billion, a PE ratio of 23.53 and a beta of 0.99. The company has a current ratio of 1.10, a quick ratio of 1.04 and a debt-to-equity ratio of 0.31.

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

BBVA Banco Frances Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, June 12th were issued a $0.0131 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a c) dividend on an annualized basis and a yield of 0.8%. BBVA Banco Frances’s dividend payout ratio is currently 19.51%.

Institutional Investors Weigh In On BBVA Banco Frances

A number of large investors have recently made changes to their positions in BBAR. PointState Capital LP increased its holdings in BBVA Banco Frances by 60.5% during the fourth quarter. PointState Capital LP now owns 2,668,038 shares of the bank’s stock valued at $48,211,000 after buying an additional 1,005,978 shares during the last quarter. Millennium Management LLC boosted its stake in shares of BBVA Banco Frances by 3,633.8% during the 4th quarter. Millennium Management LLC now owns 613,832 shares of the bank’s stock worth $11,092,000 after acquiring an additional 597,392 shares during the last quarter. Aquamarine Financial Cayman Ltd boosted its stake in shares of BBVA Banco Frances by 103.8% during the 4th quarter. Aquamarine Financial Cayman Ltd now owns 1,141,305 shares of the bank’s stock worth $20,623,000 after acquiring an additional 581,305 shares during the last quarter. Alpine Global Management LLC bought a new stake in shares of BBVA Banco Frances during the 4th quarter valued at $4,042,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of BBVA Banco Frances by 9.8% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,021,521 shares of the bank’s stock valued at $33,274,000 after acquiring an additional 180,137 shares during the period.

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.