GSA Capital Partners LLP Buys Shares of 22,845 Banco BBVA Argentina S.A. (NYSE:BBAR)

GSA Capital Partners LLP purchased a new position in Banco BBVA Argentina S.A. (NYSE:BBAR) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 22,845 shares of the bank’s stock, valued at approximately $237,000.

A number of other institutional investors have also made changes to their positions in the stock. Truist Financial Corp acquired a new position in shares of Banco BBVA Argentina in the second quarter valued at approximately $167,000. SG Americas Securities LLC bought a new position in shares of Banco BBVA Argentina during the 3rd quarter worth approximately $246,000. Fourth Sail Capital LP raised its holdings in shares of Banco BBVA Argentina by 74.6% in the second quarter. Fourth Sail Capital LP now owns 2,361,386 shares of the bank’s stock valued at $21,843,000 after purchasing an additional 1,009,103 shares during the last quarter. NorthRock Partners LLC bought a new stake in shares of Banco BBVA Argentina in the third quarter worth $363,000. Finally, Virtu Financial LLC acquired a new position in Banco BBVA Argentina during the first quarter worth $413,000.

Wall Street Analysts Forecast Growth

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

Banco BBVA Argentina Stock Up 0.9 %

Shares of NYSE BBAR opened at $16.55 on Friday. Banco BBVA Argentina S.A. has a one year low of $4.46 and a one year high of $18.24. The stock’s fifty day moving average price is $13.05 and its two-hundred day moving average price is $10.97. The company has a quick ratio of 0.90, a current ratio of 0.99 and a debt-to-equity ratio of 0.09.

Banco BBVA Argentina (NYSE:BBAR) last posted its quarterly earnings data on Wednesday, August 21st. The bank reported $0.61 earnings per share for the quarter, topping 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 net margin of 6.09% and a return on equity of 12.21%. On average, sell-side analysts anticipate that Banco BBVA Argentina S.A. will post 1.88 earnings per share for the current year.

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.