Banco BBVA Argentina (NYSE:BBAR) Trading Down 5% – What’s Next?

Banco BBVA Argentina S.A. (NYSE:BBAR) was down 5% during trading on Wednesday . The stock traded as low as $16.29 and last traded at $16.37. Approximately 400,415 shares traded hands during trading, a decline of 54% from the average daily volume of 871,424 shares. The stock had previously closed at $17.24.

Analyst Ratings Changes

Separately, StockNews.com downgraded Banco BBVA Argentina from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th.

Banco BBVA Argentina Price Performance

The firm has a 50-day moving average of $14.00 and a two-hundred day moving average of $11.32. The company has a current ratio of 0.99, a quick ratio of 0.90 and a debt-to-equity ratio of 0.09.

Institutional Trading of Banco BBVA Argentina

Institutional investors have recently made changes to their positions in the company. XTX Topco Ltd acquired a new stake in Banco BBVA Argentina during the third quarter worth about $136,000. Truist Financial Corp purchased a new stake in Banco BBVA Argentina in the 2nd quarter valued at $167,000. GSA Capital Partners LLP purchased a new stake in Banco BBVA Argentina in the 3rd quarter valued at approximately $237,000. SG Americas Securities LLC acquired a new position in Banco BBVA Argentina during the third quarter worth about $246,000. Finally, Channing Global Advisors LLC acquired a new stake in shares of Banco BBVA Argentina in the third quarter valued at approximately $247,000.

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.