Banco BBVA Argentina S.A. (NYSE:BBAR – Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.88 and traded as high as $8.88. Banco BBVA Argentina shares last traded at $8.85, with a volume of 360,165 shares.
Wall Street Analysts Forecast Growth
Separately, StockNews.com cut shares of Banco BBVA Argentina from a “buy” rating to a “hold” rating in a research report on Thursday, May 16th.
Check Out Our Latest Report on Banco BBVA Argentina
Banco BBVA Argentina Price Performance
Banco BBVA Argentina (NYSE:BBAR – Get Free Report) last issued its quarterly earnings results on Wednesday, May 22nd. The bank reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.05). Banco BBVA Argentina had a net margin of 4.00% and a return on equity of 10.04%. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $684.47 million. As a group, sell-side analysts expect that Banco BBVA Argentina S.A. will post 1.48 earnings per share for the current fiscal year.
Banco BBVA Argentina Announces Dividend
The business also recently declared a Variable dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 10th were paid a $0.446 dividend. The ex-dividend date of this dividend was Monday, June 10th. Banco BBVA Argentina’s dividend payout ratio (DPR) is presently 33.54%.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in BBAR. Fourth Sail Capital LP bought a new stake in shares of Banco BBVA Argentina during the 1st quarter valued at about $11,467,000. Glenorchy Capital Ltd acquired a new stake in shares of Banco BBVA Argentina during the 4th quarter worth approximately $1,937,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Banco BBVA Argentina by 43.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 370,918 shares of the bank’s stock worth $2,018,000 after purchasing an additional 111,578 shares during the last quarter. Rokos Capital Management LLP acquired a new position in Banco BBVA Argentina during the 1st quarter valued at approximately $501,000. Finally, Jump Financial LLC grew its stake in Banco BBVA Argentina by 58.9% during the 4th quarter. Jump Financial LLC now owns 152,778 shares of the bank’s stock worth $831,000 after buying an additional 56,622 shares during the last quarter.
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.
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