Banco BBVA Argentina (NYSE:BBAR) Sets New 1-Year High – Here’s Why

Shares of Banco BBVA Argentina S.A. (NYSE:BBAR) reached a new 52-week high during trading on Friday . The company traded as high as $12.75 and last traded at $12.72, with a volume of 154220 shares traded. The stock had previously closed at $12.37.

Analyst Ratings Changes

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

Banco BBVA Argentina Trading Up 8.7 %

The stock has a market capitalization of $2.75 billion, a P/E ratio of 8.51 and a beta of 1.50. The business has a 50 day simple moving average of $11.04 and a 200-day simple moving average of $10.11. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.82 and a current ratio of 0.91.

Banco BBVA Argentina (NYSE:BBAR) last announced its earnings results on Wednesday, August 21st. The bank reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.35. The business had revenue of $892.11 million during 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%. On average, analysts predict that Banco BBVA Argentina S.A. will post 1.88 EPS for the current year.

Institutional Investors Weigh In On Banco BBVA Argentina

Large investors have recently modified their holdings of the stock. Ping Capital Management Inc. purchased a new stake in Banco BBVA Argentina during the second quarter valued at about $11,293,000. Fourth Sail Capital LP lifted its position in shares of Banco BBVA Argentina by 74.6% in the 2nd quarter. Fourth Sail Capital LP now owns 2,361,386 shares of the bank’s stock valued at $21,843,000 after acquiring an additional 1,009,103 shares in the last quarter. Rokos Capital Management LLP acquired a new stake in shares of Banco BBVA Argentina during the 1st quarter valued at $501,000. Virtu Financial LLC purchased a new position in shares of Banco BBVA Argentina during the 1st quarter valued at $413,000. Finally, Deltec Asset Management LLC acquired a new position in shares of Banco BBVA Argentina in the third quarter worth $334,000.

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.