Banco BBVA Argentina (NYSE:BBAR) Stock Price Crosses Above Two Hundred Day Moving Average of $5.68

Banco BBVA Argentina 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 $5.68 and traded as high as $8.98. Banco BBVA Argentina shares last traded at $8.68, with a volume of 822,628 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Banco BBVA Argentina from a “hold” rating to a “buy” rating in a research report on Tuesday, March 12th.

Banco BBVA Argentina Price Performance

The company’s 50-day moving average is $7.19 and its 200 day moving average is $5.68.

Banco BBVA Argentina (NYSE:BBAR) last released its quarterly earnings data on Tuesday, March 5th. The bank reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.50. The firm had revenue of $2.67 billion for the quarter, compared to analyst estimates of $592.18 million. Banco BBVA Argentina had a net margin of 4.55% and a return on equity of 11.28%. During the same quarter in the prior year, the business earned $0.53 EPS. As a group, research analysts forecast that Banco BBVA Argentina S.A. will post 1.48 earnings per share for the current year.

Banco BBVA Argentina Increases Dividend

The business also recently disclosed a — dividend, which was paid on Tuesday, March 19th. Shareholders of record on Friday, January 1st were paid a $0.1131 dividend. The ex-dividend date was Friday, March 8th. This is a positive change from Banco BBVA Argentina’s previous — dividend of $0.06. Banco BBVA Argentina’s dividend payout ratio is currently 4.55%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in BBAR. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Banco BBVA Argentina by 30.1% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 18,152 shares of the bank’s stock worth $94,000 after purchasing an additional 4,197 shares during the last quarter. State Street Corp increased its stake in shares of Banco BBVA Argentina by 3.7% during the 1st quarter. State Street Corp now owns 137,830 shares of the bank’s stock worth $489,000 after purchasing an additional 4,941 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Banco BBVA Argentina by 318.6% during the 1st quarter. Bank of America Corp DE now owns 7,259 shares of the bank’s stock worth $26,000 after purchasing an additional 5,525 shares during the last quarter. UBS Group AG increased its stake in shares of Banco BBVA Argentina by 70.0% during the 4th quarter. UBS Group AG now owns 14,624 shares of the bank’s stock worth $57,000 after purchasing an additional 6,024 shares during the last quarter. Finally, Qube Research & Technologies Ltd acquired a new position in shares of Banco BBVA Argentina during the 3rd quarter worth $30,000.

Banco BBVA Argentina Company Profile

Banco BBVA Argentina SA provides various banking products and services to individuals and companies in Argentina. It provides retail banking products and services, such as checking and savings accounts, time deposits, credit cards, 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.