Banco BBVA Argentina (NYSE:BBAR) Shares Gap Up to $4.41

Shares of Banco BBVA Argentina S.A. (NYSE:BBAR) gapped up before the market opened on Monday . The stock had previously closed at $4.41, but opened at $5.22. Banco BBVA Argentina shares last traded at $5.35, with a volume of 790,080 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Banco BBVA Argentina from a “buy” rating to a “hold” rating in a research note on Monday, November 13th.

Banco BBVA Argentina Trading Up 15.6 %

The business has a fifty day simple moving average of $4.36 and a 200 day simple moving average of $4.98. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 2.77 and a beta of 1.37. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.78 and a current ratio of 0.60.

Banco BBVA Argentina (NYSE:BBAR) last announced its earnings results on Wednesday, August 23rd. The bank reported $0.64 EPS for the quarter. The firm had revenue of $969.84 million for the quarter. Banco BBVA Argentina had a return on equity of 15.80% and a net margin of 6.74%.

Banco BBVA Argentina Cuts Dividend

The firm also recently disclosed a — dividend, which was paid on Friday, October 6th. Stockholders of record on Friday, September 29th were given a $0.064 dividend. The ex-dividend date of this dividend was Thursday, September 28th. Banco BBVA Argentina’s dividend payout ratio is currently 5.76%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BBAR. State Street Corp lifted its stake in shares of Banco BBVA Argentina by 273.3% during the second quarter. State Street Corp now owns 514,510 shares of the bank’s stock worth $1,230,000 after purchasing an additional 376,680 shares in the last quarter. Verition Fund Management LLC acquired a new position in shares of Banco BBVA Argentina during the first quarter worth about $976,000. Renaissance Technologies LLC lifted its stake in shares of Banco BBVA Argentina by 233.5% during the first quarter. Renaissance Technologies LLC now owns 317,588 shares of the bank’s stock worth $1,127,000 after purchasing an additional 222,368 shares in the last quarter. Acadian Asset Management LLC lifted its stake in shares of Banco BBVA Argentina by 376.2% during the first quarter. Acadian Asset Management LLC now owns 256,878 shares of the bank’s stock worth $1,006,000 after purchasing an additional 202,934 shares in the last quarter. Finally, Millennium Management LLC acquired a new position in shares of Banco BBVA Argentina during the fourth quarter worth about $746,000.

About Banco BBVA Argentina

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 pledge 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.