Banco BBVA Argentina S.A. (NYSE:BBAR) Sees Significant Growth in Short Interest

Banco BBVA Argentina S.A. (NYSE:BBAR) was the recipient of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 1,960,000 shares, a growth of 16.0% from the October 15th total of 1,690,000 shares. Approximately 1.0% of the shares of the company are short sold. Based on an average trading volume of 767,300 shares, the short-interest ratio is presently 2.6 days.

Hedge Funds Weigh In On Banco BBVA Argentina

A number of institutional investors have recently added to or reduced their stakes in the business. XTX Topco Ltd bought a new position in shares of Banco BBVA Argentina in the third quarter worth approximately $136,000. Truist Financial Corp purchased a new position in Banco BBVA Argentina in the 2nd quarter worth approximately $167,000. GSA Capital Partners LLP purchased a new stake in shares of Banco BBVA Argentina during the 3rd quarter valued at $237,000. Quantbot Technologies LP lifted 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 acquiring an additional 19,700 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in Banco BBVA Argentina in the third quarter worth $246,000.

Banco BBVA Argentina Trading Up 1.3 %

Shares of Banco BBVA Argentina stock opened at $16.25 on Monday. The company’s 50-day moving average price is $12.45 and its 200-day moving average price is $10.75. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.01. Banco BBVA Argentina has a 12-month low of $4.15 and a 12-month high of $16.70. The company has a market cap of $3.32 billion, a price-to-earnings ratio of 10.48 and a beta of 1.47.

Banco BBVA Argentina (NYSE:BBAR) last announced its quarterly 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 firm had revenue of $892.11 million during the quarter, compared to the consensus estimate of $599.49 million. Banco BBVA Argentina had a net margin of 4.23% and a return on equity of 9.98%. On average, equities analysts expect that Banco BBVA Argentina will post 1.88 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.