Banco BBVA Argentina (NYSE:BBAR) Stock Rating Upgraded by StockNews.com

Banco BBVA Argentina (NYSE:BBAR – Get Rating) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Tuesday.

Separately, TheStreet raised shares of Banco BBVA Argentina from a “c+” rating to a “b-” rating in a report on Tuesday, October 4th.

Banco BBVA Argentina Stock Performance

Shares of NYSE BBAR traded down $0.03 during trading on Tuesday, reaching $4.66. 643,067 shares of the company traded hands, compared to its average volume of 971,831. The firm has a 50 day simple moving average of $3.56 and a 200-day simple moving average of $3.14. The company has a quick ratio of 0.72, a current ratio of 0.73 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $951.74 million, a PE ratio of 3.21 and a beta of 1.12. Banco BBVA Argentina has a 52-week low of $2.03 and a 52-week high of $5.11.

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

Hedge Funds Weigh In On Banco BBVA Argentina

Several institutional investors have recently made changes to their positions in BBAR. Envestnet Asset Management Inc. lifted its stake in shares of Banco BBVA Argentina by 24.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 93,266 shares of the bank’s stock worth $331,000 after purchasing an additional 18,284 shares during the period. JPMorgan Chase & Co. raised its stake 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 worth $63,000 after acquiring an additional 17,704 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in Banco BBVA Argentina by 32.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 698,352 shares of the bank’s stock worth $2,479,000 after acquiring an additional 173,057 shares during the period. Verition Fund Management LLC bought a new stake in Banco BBVA Argentina during the 1st quarter worth approximately $976,000. Finally, Renaissance Technologies LLC raised its stake in Banco BBVA Argentina by 233.5% during the 1st quarter. Renaissance Technologies LLC now owns 317,588 shares of the bank’s stock worth $1,127,000 after acquiring an additional 222,368 shares during the period. 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.