BBVA Banco Frances (NYSE:BBAR) Price Target Raised to $20.00 at UBS Group

BBVA Banco Frances (NYSE:BBAR) had its price objective hoisted by UBS Group from $18.00 to $20.00 in a report published on Friday morning,Benzinga reports. The firm currently has a neutral rating on the bank’s stock.

BBVA Banco Frances Price Performance

BBAR stock traded up $1.68 during midday trading on Friday, hitting $21.07. 1,013,861 shares of the stock were exchanged, compared to its average volume of 632,122. The stock’s 50-day moving average price is $17.93 and its 200-day moving average price is $17.06. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.04 and a current ratio of 1.10. The stock has a market cap of $4.30 billion, a price-to-earnings ratio of 25.70 and a beta of 1.00. BBVA Banco Frances has a fifty-two week low of $7.76 and a fifty-two week high of $22.47.

BBVA Banco Frances (NYSE:BBAR) last posted its earnings results on Friday, May 15th. The bank reported $0.28 earnings per share for the quarter. BBVA Banco Frances had a return on equity of 6.27% and a net margin of 3.44%.The company had revenue of $822.07 million for the quarter. Research analysts predict that BBVA Banco Frances will post 1.59 earnings per share for the current year.

BBVA Banco Frances Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, June 12th were paid a $0.0131 dividend. This represents a c) dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Friday, June 12th. BBVA Banco Frances’s dividend payout ratio is presently 100.00%.

Hedge Funds Weigh In On BBVA Banco Frances

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BBAR. TT International Asset Management LTD grew its position in shares of BBVA Banco Frances by 83.3% in 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. raised its position in shares of BBVA Banco Frances by 62.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 287,789 shares of the bank’s stock worth $2,394,000 after purchasing an additional 110,334 shares during the last quarter. Aquamarine Financial Cayman Ltd raised its position in shares of BBVA Banco Frances by 103.8% during the 4th quarter. Aquamarine Financial Cayman Ltd now owns 1,141,305 shares of the bank’s stock worth $20,623,000 after purchasing an additional 581,305 shares during the last quarter. Channing Global Advisors LLC purchased a new stake in BBVA Banco Frances in the 4th quarter valued at approximately $507,000. Finally, Fourth Sail Capital LP grew its holdings in BBVA Banco Frances by 6.7% during the 4th quarter. Fourth Sail Capital LP now owns 2,847,061 shares of the bank’s stock valued at $51,446,000 after buying an additional 177,799 shares during the last quarter.

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.