BBVA Banco Frances (NYSE:BBAR) Stock Rating Lowered by Wall Street Zen

BBVA Banco Frances (NYSE:BBAR) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday, Wall Street Zen reports.

A number of other equities research analysts also recently commented on the company. Citigroup downgraded BBVA Banco Frances from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 2nd. UBS Group lowered their price target on shares of BBVA Banco Frances from $20.00 to $15.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 13th. Finally, Weiss Ratings upgraded shares of BBVA Banco Frances from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $15.00.

BBVA Banco Frances Price Performance

Shares of NYSE:BBAR opened at $13.17 on Friday. BBVA Banco Frances has a 52 week low of $10.00 and a 52 week high of $22.47. The company has a 50-day moving average price of $13.87 and a 200 day moving average price of $16.35. The company has a market cap of $2.69 billion, a P/E ratio of 12.91 and a beta of 0.90. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.33.

BBVA Banco Frances (NYSE:BBAR) last issued its earnings results on Friday, August 14th. The bank reported $0.42 earnings per share (EPS) for the quarter. BBVA Banco Frances had a return on equity of 7.56% and a net margin of 4.16%. The business had revenue of $835.60 million during the quarter. Research analysts predict that BBVA Banco Frances will post 1.71 earnings per share for the current year.

Hedge Funds Weigh In On BBVA Banco Frances

Several hedge funds have recently bought and sold shares of BBAR. Robeco Institutional Asset Management B.V. acquired a new stake in BBVA Banco Frances during the third quarter worth approximately $4,617,000. NewEdge Advisors LLC purchased a new stake in BBVA Banco Frances in the 2nd quarter worth approximately $311,000. XP Advisory US Inc. purchased a new stake in BBVA Banco Frances in the 2nd quarter worth approximately $63,000. OceanIQ Capital LLC acquired a new position in BBVA Banco Frances in the 2nd quarter valued at $249,000. Finally, Carter Financial Group INC. acquired a new position in BBVA Banco Frances in the 1st quarter valued at $150,000.

About BBVA Banco Frances

BBVA Banco Francés, now known as Banco BBVA Argentina SA, is an Argentine financial institution that operates as part of the global BBVA Group. The bank traces its origins to Banco Francés del Río de la Plata, founded in 1886, and adopted the BBVA Argentina name as part of the broader BBVA brand integration.

The company provides banking and financial services to individuals, small and medium-sized businesses, corporations and public-sector customers in Argentina. Its offerings include checking and savings accounts, consumer and commercial loans, credit and debit cards, payment services, foreign-exchange services, investment products and digital banking tools.

BBVA Argentina serves customers through a combination of branches, automated banking facilities and online and mobile channels.