BBVA Banco Frances (NYSE:BBAR) Shares Down 5.9% – Should You Sell?

BBVA Banco Frances S.A. (NYSE:BBAR)’s share price fell 5.9% during trading on Thursday. The company traded as low as $12.10 and last traded at $12.0860. Approximately 230,847 shares changed hands during mid-day trading, a decline of 66% from the average daily volume of 680,094 shares. The stock had previously closed at $12.85.

Analyst Upgrades and Downgrades

BBAR has been the topic of a number of analyst reports. UBS Group increased their target price on BBVA Banco Frances from $18.00 to $20.00 and gave the company a “neutral” rating in a report on Friday, July 10th. Wall Street Zen raised BBVA Banco Frances from a “hold” rating to a “buy” rating in a report on Sunday, September 6th. Weiss Ratings downgraded BBVA Banco Frances from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, September 14th. Finally, Citigroup lowered BBVA Banco Frances from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, BBVA Banco Frances has a consensus rating of “Moderate Buy” and an average target price of $20.00.

BBVA Banco Frances Stock Performance

The stock has a market cap of $2.54 billion, a PE ratio of 12.17 and a beta of 0.90. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.06 and a quick ratio of 1.10. The stock has a 50-day simple moving average of $15.33 and a 200-day simple moving average of $16.51.

BBVA Banco Frances (NYSE:BBAR) last posted its earnings results on Friday, August 14th. The bank reported $0.42 earnings per share (EPS) for the quarter. BBVA Banco Frances had a net margin of 4.16% and a return on equity of 7.56%. The firm had revenue of $716.56 million during the quarter. Equities analysts predict that BBVA Banco Frances S.A. will post 1.71 earnings per share for the current fiscal year.

Institutional Trading of BBVA Banco Frances

A number of institutional investors have recently added to or reduced their stakes in the business. XP Advisory US Inc. purchased a new position in BBVA Banco Frances in the second quarter valued at about $63,000. Carter Financial Group INC. purchased a new stake in shares of BBVA Banco Frances in the first quarter worth about $150,000. OceanIQ Capital LLC acquired a new stake in shares of BBVA Banco Frances in the second quarter valued at about $249,000. Banco BTG Pactual S.A. purchased a new stake in shares of BBVA Banco Frances during the 4th quarter valued at about $266,000. Finally, NewEdge Advisors LLC purchased a new stake in shares of BBVA Banco Frances during the 2nd quarter valued at about $311,000.

BBVA Banco Frances Company Profile

BBVA Banco Francés, now known as Banco BBVA Argentina SA, is an Argentine financial institution and a subsidiary of the global BBVA Group. The bank provides banking and financial services to individuals, businesses, corporations and institutional clients throughout Argentina.

Its offerings include checking and savings accounts, consumer and commercial lending, mortgages, credit and debit cards, investment products, foreign-exchange services, payments and cash-management solutions. Through its corporate and investment banking operations, the bank also serves large companies and institutions with financing, transaction banking and related advisory services.

The institution traces its origins to Banco Francés del Río de la Plata, founded in Argentina in 1886.