BBVA Banco Frances S.A. $BBAR Shares Sold by Candriam S.C.A.

Candriam S.C.A. decreased its holdings in shares of BBVA Banco Frances S.A. (NYSE:BBAR) by 82.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 240,000 shares of the bank’s stock after selling 1,095,000 shares during the period. Candriam S.C.A.’s holdings in BBVA Banco Frances were worth $3,095,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BBAR. Robeco Institutional Asset Management B.V. acquired a new stake in shares of BBVA Banco Frances in the 3rd quarter valued at $4,617,000. NewEdge Advisors LLC bought a new stake in BBVA Banco Frances in the second quarter worth $311,000. OceanIQ Capital LLC bought a new stake in BBVA Banco Frances in the second quarter worth $249,000. Deltec Asset Management LLC increased its position in BBVA Banco Frances by 14.5% during the third quarter. Deltec Asset Management LLC now owns 67,000 shares of the bank’s stock worth $861,000 after buying an additional 8,500 shares during the last quarter. Finally, XP Advisory US Inc. acquired a new position in BBVA Banco Frances during the second quarter worth $63,000.

BBVA Banco Frances Price Performance

Shares of BBVA Banco Frances stock opened at $10.76 on Wednesday. The firm has a fifty day simple moving average of $13.07 and a 200-day simple moving average of $15.97. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.33. BBVA Banco Frances S.A. has a 1-year low of $10.40 and a 1-year high of $22.47. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of 10.55 and a beta of 0.98.

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 business had revenue of $835.60 million for the quarter. On average, sell-side analysts expect that BBVA Banco Frances S.A. will post 1.71 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have weighed in on BBAR. Citigroup lowered BBVA Banco Frances from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 2nd. UBS Group decreased their price target on BBVA Banco Frances from $20.00 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, October 13th. Wall Street Zen lowered BBVA Banco Frances from a “buy” rating to a “hold” rating in a report on Saturday, October 24th. Finally, Weiss Ratings downgraded BBVA Banco Frances from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, October 23rd. Three analysts have rated the stock with a Hold rating. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $15.00.

About BBVA Banco Frances

BBVA Banco Argentina, formerly known as BBVA Banco Francés, is an Argentine bank and part of the Spanish BBVA Group. Its history dates to the founding of Banco Francés del Río de la Plata in 1886; the bank adopted the BBVA Argentina name in 2019. The bank serves individuals, businesses and institutions across Argentina. Its services include deposit accounts, personal and business loans, credit and debit cards, payment services, and online and mobile banking. BBVA Argentina also provides companies with services such as cash management, trade finance and other business banking solutions.