Banco BBVA Argentina (NYSE:BBAR) Hits New 12-Month High – Here’s What Happened

Banco BBVA Argentina S.A. (NYSE:BBAR) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $14.53 and last traded at $14.31, with a volume of 6367 shares changing hands. The stock had previously closed at $14.10.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Banco BBVA Argentina from a “hold” rating to a “buy” rating in a research note on Monday, September 2nd.

Banco BBVA Argentina Stock Up 6.0 %

The company has a market cap of $3.05 billion, a P/E ratio of 9.10 and a beta of 1.47. The stock has a 50-day moving average of $11.60 and a 200 day moving average of $10.38. 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 issued its earnings results on Wednesday, August 21st. The bank reported $0.61 EPS for the quarter, beating the consensus estimate of $0.26 by $0.35. The company had revenue of $892.11 million during the quarter, compared to analysts’ expectations of $599.49 million. Banco BBVA Argentina had a net margin of 4.23% and a return on equity of 9.98%. Research analysts anticipate that Banco BBVA Argentina S.A. will post 1.88 earnings per share for the current year.

Institutional Trading of Banco BBVA Argentina

Institutional investors and hedge funds have recently modified their holdings of the business. Quantbot Technologies LP lifted its stake in Banco BBVA Argentina by 239.7% in the 1st 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 during the last quarter. Rokos Capital Management LLP acquired a new position in shares of Banco BBVA Argentina during the first quarter worth $501,000. Virtu Financial LLC bought a new position in shares of Banco BBVA Argentina in the 1st quarter valued at $413,000. Ping Capital Management Inc. acquired a new stake in shares of Banco BBVA Argentina during the 2nd quarter valued at $11,293,000. Finally, Fourth Sail Capital LP grew its position in Banco BBVA Argentina by 74.6% during the 2nd quarter. Fourth Sail Capital LP now owns 2,361,386 shares of the bank’s stock worth $21,843,000 after acquiring an additional 1,009,103 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.