Cubist Systematic Strategies LLC Has $415,000 Position in Banco BBVA Argentina S.A. (NYSE:BBAR)

Cubist Systematic Strategies LLC lowered its position in Banco BBVA Argentina S.A. (NYSE:BBAR) by 42.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 44,895 shares of the bank’s stock after selling 33,435 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Banco BBVA Argentina were worth $415,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in BBAR. Truist Financial Corp bought a new position in shares of Banco BBVA Argentina during the 2nd quarter worth approximately $167,000. Quantbot Technologies LP boosted its holdings in shares of Banco BBVA Argentina by 239.7% during the 1st quarter. Quantbot Technologies LP now owns 27,918 shares of the bank’s stock worth $237,000 after buying an additional 19,700 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Banco BBVA Argentina during the 1st quarter worth approximately $413,000. Rokos Capital Management LLP bought a new position in shares of Banco BBVA Argentina during the 1st quarter worth approximately $501,000. Finally, Ping Capital Management Inc. bought a new position in shares of Banco BBVA Argentina during the 2nd quarter worth approximately $11,293,000.

Banco BBVA Argentina Price Performance

BBAR opened at $12.35 on Monday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.91 and a quick ratio of 0.82. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 7.82 and a beta of 1.50. The firm’s fifty day moving average price is $10.51 and its two-hundred day moving average price is $9.90. Banco BBVA Argentina S.A. has a 1 year low of $3.78 and a 1 year high of $12.44.

Banco BBVA Argentina (NYSE:BBAR) last released its earnings results on Wednesday, August 21st. The bank reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.35. The company had revenue of $892.11 million for the quarter, compared to analysts’ expectations of $599.49 million. Banco BBVA Argentina had a return on equity of 9.98% and a net margin of 4.23%. As a group, analysts anticipate that Banco BBVA Argentina S.A. will post 1.88 earnings per share for the current fiscal year.

Banco BBVA Argentina Increases Dividend

The company also recently disclosed a — dividend, which was paid on Friday, August 9th. Investors of record on Friday, August 2nd were paid a $0.5134 dividend. This is a boost from Banco BBVA Argentina’s previous — dividend of $0.11. The ex-dividend date was Friday, August 2nd. Banco BBVA Argentina’s payout ratio is currently 90.51%.

Analysts Set New Price Targets

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

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.