Banco BBVA Argentina (NYSE:BBAR) Upgraded by StockNews.com to Buy

StockNews.com upgraded shares of Banco BBVA Argentina (NYSE:BBAR – Get Rating) from a hold rating to a buy rating in a research note published on Tuesday morning.

Separately, TheStreet raised Banco BBVA Argentina from a c+ rating to a b- rating in a research note on Tuesday, October 4th.

Banco BBVA Argentina Price Performance

BBAR opened at $4.66 on Tuesday. Banco BBVA Argentina has a 12-month low of $2.03 and a 12-month high of $5.11. The company has a current ratio of 0.73, a quick ratio of 0.72 and a debt-to-equity ratio of 0.05. The stock has a 50-day moving average price of $3.56 and a 200-day moving average price of $3.14. The stock has a market capitalization of $951.74 million, a P/E ratio of 3.21 and a beta of 1.12.

Banco BBVA Argentina (NYSE:BBAR – Get Rating) last released its earnings results on Tuesday, November 22nd. The bank reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.15. Banco BBVA Argentina had a return on equity of 15.23% and a net margin of 7.27%. The company had revenue of $695.56 million during the quarter. Equities analysts predict that Banco BBVA Argentina will post 1.81 earnings per share for the current fiscal year.

Banco BBVA Argentina Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, January 4th. Shareholders of record on Tuesday, December 27th were given a dividend of $0.0162 per share. This represents a $0.19 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date was Friday, December 23rd. Banco BBVA Argentina’s payout ratio is 13.10%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE raised its position in Banco BBVA Argentina by 318.6% during the 1st quarter. Bank of America Corp DE now owns 7,259 shares of the bank’s stock valued at $26,000 after purchasing an additional 5,525 shares during the last quarter. United Maritime Capital LLC bought a new position in Banco BBVA Argentina during the 3rd quarter valued at approximately $32,000. Virtu Financial LLC bought a new position in Banco BBVA Argentina during the 3rd quarter valued at approximately $36,000. Mackenzie Financial Corp bought a new position in Banco BBVA Argentina during the 3rd quarter valued at approximately $37,000. Finally, JPMorgan Chase & Co. raised its position in Banco BBVA Argentina by 53,648.5% during the 1st quarter. JPMorgan Chase & Co. now owns 17,737 shares of the bank’s stock valued at $63,000 after purchasing an additional 17,704 shares during the last quarter. Institutional investors own 1.75% of the company’s stock.

Banco BBVA Argentina Company Profile

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Banco BBVA Argentina SA provides various banking products and services to individuals and companies in Argentina. It provides retail banking products and services, such as checking and savings accounts, time deposits, credit cards, consumer and secured loans, mortgages, insurance, and investment products to individuals; and small and medium-sized companies products and services, including financing products, factoring, checking accounts, time deposits, transactional and payroll services, insurance, and investment products to private-sector companies.