Banco BBVA Argentina (NYSE:BBAR) Reaches New 52-Week High – Here’s What Happened

Banco BBVA Argentina S.A. (NYSE:BBAR)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $20.00 and last traded at $19.97, with a volume of 316041 shares. The stock had previously closed at $19.46.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Morgan Stanley upgraded shares of Banco BBVA Argentina from an “underweight” rating to an “overweight” rating and set a $27.00 price target for the company in a report on Monday, December 16th. StockNews.com downgraded shares of Banco BBVA Argentina from a “buy” rating to a “hold” rating in a research note on Tuesday.

Banco BBVA Argentina Stock Performance

The business has a 50-day moving average of $16.04 and a two-hundred day moving average of $12.11. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.99 and a quick ratio of 0.90. The company has a market cap of $4.02 billion, a P/E ratio of 10.25 and a beta of 1.49.

Institutional Trading of Banco BBVA Argentina

Institutional investors have recently modified their holdings of the company. GSA Capital Partners LLP purchased a new stake in Banco BBVA Argentina during the third quarter valued at approximately $237,000. Truist Financial Corp acquired a new position in shares of Banco BBVA Argentina during the second quarter worth $167,000. SG Americas Securities LLC purchased a new stake in shares of Banco BBVA Argentina during the 3rd quarter valued at $246,000. Fourth Sail Capital LP boosted its position in shares of Banco BBVA Argentina by 74.6% in the 2nd quarter. Fourth Sail Capital LP now owns 2,361,386 shares of the bank’s stock worth $21,843,000 after purchasing an additional 1,009,103 shares in the last quarter. Finally, Point72 Asset Management L.P. grew its stake in Banco BBVA Argentina by 72.8% during the 3rd quarter. Point72 Asset Management L.P. now owns 43,200 shares of the bank’s stock worth $448,000 after buying an additional 18,200 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. 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.