Banco BBVA Argentina (NYSE:BBAR) Shares Down 4% – Time to Sell?

Shares of Banco BBVA Argentina S.A. (NYSE:BBAR) fell 4% during trading on Friday . The company traded as low as $21.66 and last traded at $21.82. 641,853 shares traded hands during trading, a decline of 49% from the average session volume of 1,262,912 shares. The stock had previously closed at $22.72.

Analyst Ratings Changes

BBAR has been the subject of a number of recent research reports. Morgan Stanley upgraded shares of Banco BBVA Argentina from an “underweight” rating to an “overweight” rating and set a $27.00 price objective for the company in a research note on Monday, December 16th. StockNews.com lowered Banco BBVA Argentina from a “buy” rating to a “hold” rating in a research note on Tuesday, December 24th.

Banco BBVA Argentina Price Performance

The business’s 50-day moving average price is $18.70 and its 200 day moving average price is $13.48. The company has a market capitalization of $4.48 billion, a P/E ratio of 11.42 and a beta of 1.42. The company has a quick ratio of 0.90, a current ratio of 0.99 and a debt-to-equity ratio of 0.09.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BBAR. GAMMA Investing LLC raised its position in shares of Banco BBVA Argentina by 123.8% in the fourth quarter. GAMMA Investing LLC now owns 4,171 shares of the bank’s stock worth $79,000 after buying an additional 2,307 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Banco BBVA Argentina during the 3rd quarter valued at about $136,000. Truist Financial Corp bought a new stake in shares of Banco BBVA Argentina during the 2nd quarter valued at about $167,000. GSA Capital Partners LLP purchased a new position in shares of Banco BBVA Argentina during the third quarter worth about $237,000. Finally, SG Americas Securities LLC bought a new position in shares of Banco BBVA Argentina in the third quarter worth approximately $246,000.

Banco BBVA Argentina Company Profile

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.