Banco BBVA Argentina (NYSE:BBAR) Lowered to Hold Rating by StockNews.com

Banco BBVA Argentina (NYSE:BBAR) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

Banco BBVA Argentina Trading Down 2.5 %

Shares of NYSE BBAR opened at $15.37 on Thursday. Banco BBVA Argentina has a twelve month low of $4.09 and a twelve month high of $16.12. The firm has a fifty day simple moving average of $11.94 and a 200 day simple moving average of $10.50. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.90 and a quick ratio of 0.90.

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

Institutional Investors Weigh In On Banco BBVA Argentina

Large investors have recently bought and sold shares of the stock. Truist Financial Corp acquired a new stake in Banco BBVA Argentina in the second quarter worth $167,000. GSA Capital Partners LLP acquired a new stake in Banco BBVA Argentina in the third quarter worth $237,000. SG Americas Securities LLC acquired a new stake in Banco BBVA Argentina in the third quarter worth $246,000. Quantbot Technologies LP grew its holdings in Banco BBVA Argentina by 239.7% in the first quarter. Quantbot Technologies LP now owns 27,918 shares of the bank’s stock worth $237,000 after purchasing an additional 19,700 shares during the period. Finally, Deltec Asset Management LLC acquired a new stake in Banco BBVA Argentina in 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.