BBVA Banco Frances S.A. (NYSE:BBAR) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of BBVA Banco Frances S.A. (NYSE:BBAR) have been given an average rating of “Moderate Buy” by the seven brokerages that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $17.50.

BBVA Banco Frances Stock Performance

BBAR opened at $19.47 on Friday. BBVA Banco Frances has a 52-week low of $7.76 and a 52-week high of $22.47. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.04 and a current ratio of 1.10. The stock has a 50-day moving average of $17.29 and a 200-day moving average of $16.95. The company has a market cap of $3.98 billion, a PE ratio of 23.74 and a beta of 1.00.

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

BBVA Banco Frances Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, June 12th were given a $0.0131 dividend. This represents a c) annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Friday, June 12th. BBVA Banco Frances’s payout ratio is currently 113.41%.

Institutional Trading of BBVA Banco Frances

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. NewEdge Advisors LLC increased its holdings in shares of BBVA Banco Frances by 66.2% during the 1st quarter. NewEdge Advisors LLC now owns 24,523 shares of the bank’s stock worth $444,000 after purchasing an additional 9,764 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of BBVA Banco Frances by 17.1% in the first quarter. Goldman Sachs Group Inc. now owns 93,265 shares of the bank’s stock valued at $1,690,000 after buying an additional 13,594 shares during the period. JPMorgan Chase & Co. grew its position in BBVA Banco Frances by 171.8% during the second quarter. JPMorgan Chase & Co. now owns 177,455 shares of the bank’s stock worth $2,921,000 after buying an additional 112,161 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in BBVA Banco Frances by 9.8% during the second 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. Finally, Bank of America Corp DE increased its stake in BBVA Banco Frances by 229.9% during the second quarter. Bank of America Corp DE now owns 60,156 shares of the bank’s stock valued at $990,000 after acquiring an additional 41,920 shares during the period.

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.