BBVA Banco Frances (NYSE:BBAR) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

BBVA Banco Frances S.A. (NYSE:BBAR)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $17.12 and traded as high as $19.66. BBVA Banco Frances shares last traded at $19.5360, with a volume of 268,982 shares.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BBAR. Weiss Ratings reiterated a “hold (c-)” rating on shares of BBVA Banco Frances in a report on Tuesday. UBS Group raised their price objective on BBVA Banco Frances from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday, July 10th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $18.50.

BBVA Banco Frances Trading Down 0.1%

The firm has a fifty day simple moving average of $18.44 and a two-hundred day simple moving average of $17.12. The firm has a market capitalization of $3.99 billion, a P/E ratio of 23.82 and a beta of 1.00. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.10 and a quick ratio of 1.04.

BBVA Banco Frances (NYSE:BBAR) last released its 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 business had revenue of $822.07 million during the quarter. On average, equities research analysts anticipate that BBVA Banco Frances S.A. will post 1.59 earnings per share for the current fiscal year.

BBVA Banco Frances Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, June 18th. Investors 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) annualized dividend and a yield of 0.8%. BBVA Banco Frances’s dividend payout ratio (DPR) is 100.00%.

Institutional Investors Weigh In On BBVA Banco Frances

Several institutional investors have recently added to or reduced their stakes in BBAR. Clear Creek Financial Management LLC boosted its holdings in BBVA Banco Frances by 2.3% in the 4th quarter. Clear Creek Financial Management LLC now owns 40,418 shares of the bank’s stock valued at $730,000 after purchasing an additional 899 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of BBVA Banco Frances by 54,175.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,171 shares of the bank’s stock worth $39,000 after purchasing an additional 2,167 shares during the period. Barclays PLC increased its holdings in shares of BBVA Banco Frances by 78.0% in the fourth quarter. Barclays PLC now owns 10,973 shares of the bank’s stock worth $198,000 after purchasing an additional 4,808 shares during the period. Baader Bank Aktiengesellschaft raised its position in shares of BBVA Banco Frances by 35.7% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 19,000 shares of the bank’s stock worth $343,000 after buying an additional 5,000 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in BBVA Banco Frances by 26.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 39,830 shares of the bank’s stock valued at $720,000 after buying an additional 8,280 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.