Kapitalo Investimentos Ltda Makes New $918,000 Investment in BBVA Banco Frances S.A. $BBAR

Kapitalo Investimentos Ltda acquired a new stake in shares of BBVA Banco Frances S.A. (NYSE:BBAR) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 110,334 shares of the bank’s stock, valued at approximately $918,000.

Other large investors have also modified their holdings of the company. SBI Securities Co. Ltd. grew its holdings in BBVA Banco Frances by 199.9% in the second quarter. SBI Securities Co. Ltd. now owns 2,381 shares of the bank’s stock valued at $39,000 after purchasing an additional 1,587 shares during the period. Benjamin Edwards Inc. boosted its holdings in shares of BBVA Banco Frances by 42.7% in the 3rd quarter. Benjamin Edwards Inc. now owns 26,071 shares of the bank’s stock valued at $217,000 after purchasing an additional 7,803 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of BBVA Banco Frances by 123.3% during the 2nd quarter. BNP Paribas Financial Markets now owns 15,301 shares of the bank’s stock valued at $252,000 after buying an additional 8,450 shares during the period. 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 buying an additional 9,764 shares during the last quarter. Finally, Clear Creek Financial Management LLC raised its position in shares of BBVA Banco Frances by 51.8% in the 2nd quarter. Clear Creek Financial Management LLC now owns 35,629 shares of the bank’s stock worth $586,000 after buying an additional 12,164 shares during the period.

BBVA Banco Frances Stock Performance

Shares of BBAR stock opened at $20.30 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.07 and a quick ratio of 1.07. The company’s fifty day moving average price is $17.48 and its two-hundred day moving average price is $14.49. The firm has a market capitalization of $4.15 billion, a P/E ratio of 21.36 and a beta of 1.08. BBVA Banco Frances S.A. has a 12 month low of $7.76 and a 12 month high of $23.58.

BBVA Banco Frances (NYSE:BBAR) last released its quarterly earnings results on Tuesday, November 25th. The bank reported $0.13 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.07). The business had revenue of $865.83 million during the quarter, compared to analyst estimates of $871.10 billion. BBVA Banco Frances had a return on equity of 7.43% and a net margin of 4.46%. On average, research analysts anticipate that BBVA Banco Frances S.A. will post 1.94 earnings per share for the current fiscal year.

BBVA Banco Frances Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, January 29th. Stockholders of record on Thursday, January 22nd will be given a dividend of $0.0336 per share. The ex-dividend date of this dividend is Thursday, January 22nd. This is an increase from BBVA Banco Frances’s previous monthly dividend of $0.03. This represents a c) dividend on an annualized basis and a dividend yield of 2.0%. BBVA Banco Frances’s dividend payout ratio is 42.11%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on BBAR shares. Weiss Ratings reissued a “hold (c-)” rating on shares of BBVA Banco Frances in a research report on Monday, December 29th. Hsbc Global Res upgraded BBVA Banco Frances to a “strong-buy” rating in a report on Wednesday, October 1st. HSBC upgraded shares of BBVA Banco Frances from a “hold” rating to a “buy” rating and cut their price target for the company from $21.00 to $17.00 in a report on Wednesday, October 1st. Wall Street Zen upgraded shares of BBVA Banco Frances from a “sell” rating to a “hold” rating in a research note on Friday, November 28th. Finally, Itau BBA Securities raised shares of BBVA Banco Frances from a “market perform” rating to an “outperform” rating in a research note on Monday, October 27th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $17.67.

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.