Fourth Sail Capital LP Grows Stock Holdings in BBVA Banco Frances S.A. $BBAR

Fourth Sail Capital LP increased its stake in shares of BBVA Banco Frances S.A. (NYSE:BBAR) by 6.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,847,061 shares of the bank’s stock after purchasing an additional 177,799 shares during the quarter. BBVA Banco Frances comprises about 8.3% of Fourth Sail Capital LP’s portfolio, making the stock its biggest position. Fourth Sail Capital LP owned 1.39% of BBVA Banco Frances worth $51,446,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. TT International Asset Management LTD grew its stake in shares of BBVA Banco Frances by 83.3% during the fourth quarter. TT International Asset Management LTD now owns 181,564 shares of the bank’s stock valued at $3,217,000 after purchasing an additional 82,496 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of BBVA Banco Frances by 62.2% during the third quarter. JPMorgan Chase & Co. now owns 287,789 shares of the bank’s stock valued at $2,394,000 after purchasing an additional 110,334 shares during the last quarter. Aquamarine Financial Cayman Ltd grew its stake in shares of BBVA Banco Frances by 103.8% during the fourth quarter. Aquamarine Financial Cayman Ltd now owns 1,141,305 shares of the bank’s stock valued at $20,623,000 after purchasing an additional 581,305 shares during the last quarter. Channing Global Advisors LLC bought a new stake in shares of BBVA Banco Frances during the fourth quarter valued at approximately $507,000. Finally, Clear Creek Financial Management LLC grew its stake in shares of BBVA Banco Frances by 2.3% during the fourth quarter. Clear Creek Financial Management LLC now owns 40,418 shares of the bank’s stock valued at $730,000 after purchasing an additional 899 shares during the last quarter.

BBVA Banco Frances Price Performance

BBAR opened at $20.63 on Friday. BBVA Banco Frances S.A. has a one year low of $7.76 and a one year high of $21.38. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.10 and a quick ratio of 1.04. The company’s 50 day simple moving average is $16.19 and its 200-day simple moving average is $16.54. The stock has a market capitalization of $4.21 billion, a P/E ratio of 25.16 and a beta of 0.99.

BBVA Banco Frances (NYSE:BBAR) last released its quarterly earnings results on Friday, May 15th. The bank reported $0.28 EPS for the quarter. BBVA Banco Frances had a net margin of 3.44% and a return on equity of 6.27%. The business had revenue of $822.07 million for the quarter. Sell-side 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 firm also recently disclosed a monthly dividend, which was paid on Monday, April 27th. Investors of record on Monday, April 20th were issued a $0.0382 dividend. This is an increase from BBVA Banco Frances’s previous monthly dividend of $0.04. This represents a c) annualized dividend and a yield of 2.2%. The ex-dividend date was Monday, April 20th. BBVA Banco Frances’s dividend payout ratio (DPR) is currently 115.85%.

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.