BBVA Banco Frances (NYSE:BBAR) Trading 6.7% Higher – Should You Buy?

BBVA Banco Frances S.A. (NYSE:BBAR) shares traded up 6.7% on Tuesday . The stock traded as high as $18.59 and last traded at $18.39. 139,403 shares were traded during trading, a decline of 80% from the average session volume of 692,896 shares. The stock had previously closed at $17.24.

BBVA Banco Frances Stock Performance

The company has a market capitalization of $3.67 billion, a price-to-earnings ratio of 21.99 and a beta of 0.99. The stock has a 50 day simple moving average of $15.87 and a 200 day simple moving average of $16.43. The company has a quick ratio of 1.04, a current ratio of 1.10 and a debt-to-equity ratio of 0.31.

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

BBVA Banco Frances Increases Dividend

The business also recently announced a monthly dividend, which was paid on Monday, April 27th. Shareholders of record on Monday, April 20th were paid a $0.0382 dividend. The ex-dividend date was Monday, April 20th. This is a positive change from BBVA Banco Frances’s previous monthly dividend of $0.04. This represents a c) dividend on an annualized basis and a yield of 2.5%. BBVA Banco Frances’s dividend payout ratio (DPR) is 54.88%.

Institutional Trading of BBVA Banco Frances

Large investors have recently modified their holdings of the company. Carter Financial Group INC. acquired a new position in BBVA Banco Frances during the 1st quarter valued at about $150,000. Alpine Global Management LLC acquired a new stake in shares of BBVA Banco Frances in the fourth quarter valued at approximately $4,042,000. PointState Capital LP raised its holdings in shares of BBVA Banco Frances by 60.5% during the fourth quarter. PointState Capital LP now owns 2,668,038 shares of the bank’s stock valued at $48,211,000 after buying an additional 1,005,978 shares during the last quarter. Millennium Management LLC boosted its position in shares of BBVA Banco Frances by 3,633.8% during the fourth quarter. Millennium Management LLC now owns 613,832 shares of the bank’s stock worth $11,092,000 after buying an additional 597,392 shares during the period. Finally, Schonfeld Strategic Advisors LLC acquired a new position in shares of BBVA Banco Frances during the fourth quarter worth approximately $224,000.

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.