BBVA Banco Frances (NYSE:BBAR) Lowered to Hold Rating by Citigroup

BBVA Banco Frances (NYSE:BBAR) was downgraded by analysts at Citigroup from a “strong-buy” rating to a “hold” rating in a note issued to investors on Wednesday, Zacks reports.

BBAR has been the topic of a number of other research reports. UBS Group raised their target price on shares of BBVA Banco Frances from $18.00 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, July 10th. Weiss Ratings upgraded shares of BBVA Banco Frances from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday. Finally, Wall Street Zen cut shares of BBVA Banco Frances from a “buy” rating to a “hold” rating in a research note on Saturday, August 29th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, BBVA Banco Frances currently has an average rating of “Moderate Buy” and an average target price of $18.50.

BBVA Banco Frances Stock Performance

NYSE:BBAR opened at $14.77 on Wednesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.10 and a current ratio of 1.06. The stock has a 50-day simple moving average of $17.68 and a two-hundred day simple moving average of $16.69. The firm has a market capitalization of $3.02 billion, a PE ratio of 14.48 and a beta of 0.93. BBVA Banco Frances has a 52-week low of $7.76 and a 52-week high of $22.47.

BBVA Banco Frances (NYSE:BBAR) last posted its quarterly earnings data on Friday, August 14th. The bank reported $0.42 EPS for the quarter. BBVA Banco Frances had a return on equity of 7.56% and a net margin of 4.16%.The firm had revenue of $716.56 million for the quarter. Analysts forecast that BBVA Banco Frances will post 1.59 EPS for the current year.

Institutional Trading of BBVA Banco Frances

Several institutional investors have recently made changes to their positions in the business. Fourth Sail Capital LP raised its stake 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 purchasing an additional 177,799 shares during the period. PointState Capital LP boosted its stake in BBVA Banco Frances by 60.5% in the 4th quarter. PointState Capital LP now owns 2,668,038 shares of the bank’s stock worth $48,211,000 after purchasing an additional 1,005,978 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in BBVA Banco Frances by 9.8% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,021,521 shares of the bank’s stock valued at $33,274,000 after buying an additional 180,137 shares in the last quarter. Samlyn Capital LLC grew its holdings in BBVA Banco Frances by 6.6% during the 3rd quarter. Samlyn Capital LLC now owns 1,944,429 shares of the bank’s stock valued at $16,178,000 after buying an additional 120,185 shares in the last quarter. Finally, Millennium Management LLC raised 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 valued at $11,092,000 after buying an additional 597,392 shares during the last quarter.

BBVA Banco Frances Company Profile

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.