Banco BBVA Argentina (NYSE:BBAR) Cut to Hold at StockNews.com

StockNews.com lowered shares of Banco BBVA Argentina (NYSE:BBAR) from a buy rating to a hold rating in a report published on Thursday morning.

Banco BBVA Argentina Price Performance

Banco BBVA Argentina stock opened at $15.37 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a 50-day moving average of $11.94 and a two-hundred day moving average of $10.50. Banco BBVA Argentina has a 1 year low of $4.09 and a 1 year high of $16.12.

Banco BBVA Argentina (NYSE:BBAR) last announced its quarterly earnings results on Wednesday, August 21st. The bank reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.35. The firm had revenue of $892.11 million during the quarter, compared to analyst estimates of $599.49 million. Banco BBVA Argentina had a return on equity of 9.98% and a net margin of 4.23%. Equities analysts anticipate that Banco BBVA Argentina will post 1.88 EPS for the current fiscal year.

Institutional Trading of Banco BBVA Argentina

Several institutional investors and hedge funds have recently made changes to their positions in the company. Truist Financial Corp purchased a new position in Banco BBVA Argentina during the 2nd quarter valued at about $167,000. Quantbot Technologies LP boosted its stake in shares of Banco BBVA Argentina by 239.7% during the first quarter. Quantbot Technologies LP now owns 27,918 shares of the bank’s stock valued at $237,000 after purchasing an additional 19,700 shares in the last quarter. GSA Capital Partners LLP purchased a new position in Banco BBVA Argentina during the third quarter valued at approximately $237,000. SG Americas Securities LLC bought a new position in Banco BBVA Argentina in the third quarter worth approximately $246,000. Finally, Deltec Asset Management LLC purchased a new stake in Banco BBVA Argentina during the third quarter worth $334,000.

About Banco BBVA Argentina

Banco BBVA Argentina SA provides various banking products and services to individuals and companies in Argentina. The company provides retail banking products and services, such as checking and savings accounts, time deposits, credit cards financing, 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.