Banco BBVA Argentina (NYSE:BBAR) Trading 5.8% Higher – Still a Buy?

Banco BBVA Argentina S.A. (NYSE:BBAR)’s share price shot up 5.8% during mid-day trading on Monday . The company traded as high as $19.59 and last traded at $19.85. 183,175 shares were traded during trading, a decline of 80% from the average session volume of 907,867 shares. The stock had previously closed at $18.76.

Wall Street Analyst Weigh In

A number of equities analysts have commented on BBAR shares. StockNews.com lowered shares of Banco BBVA Argentina from a “buy” rating to a “hold” rating in a research report on Tuesday, December 24th. Morgan Stanley raised Banco BBVA Argentina from an “underweight” rating to an “overweight” rating and set a $27.00 target price on the stock in a report on Monday, December 16th.

Banco BBVA Argentina Stock Performance

The stock has a 50 day moving average price of $20.98 and a two-hundred day moving average price of $16.02. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market capitalization of $3.83 billion, a price-to-earnings ratio of 9.76 and a beta of 1.41.

Institutional Investors Weigh In On Banco BBVA Argentina

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BBAR. William Blair Investment Management LLC bought a new stake in shares of Banco BBVA Argentina during the fourth quarter valued at approximately $19,446,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Banco BBVA Argentina by 93.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,733,785 shares of the bank’s stock valued at $33,046,000 after buying an additional 836,688 shares during the last quarter. PointState Capital LP boosted its position in Banco BBVA Argentina by 47.7% in the 4th quarter. PointState Capital LP now owns 2,458,304 shares of the bank’s stock valued at $46,855,000 after buying an additional 793,411 shares during the last quarter. Brevan Howard Capital Management LP bought a new stake in Banco BBVA Argentina during the 4th quarter worth about $11,050,000. Finally, Millennium Management LLC boosted its stake in shares of Banco BBVA Argentina by 695.8% in the 4th quarter. Millennium Management LLC now owns 523,438 shares of the bank’s stock valued at $9,977,000 after purchasing an additional 457,663 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.