Banco BBVA Argentina (NYSE:BBAR) Sets New 12-Month High at $12.03

Banco BBVA Argentina S.A. (NYSE:BBAR)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $12.03 and last traded at $11.33, with a volume of 1024255 shares changing hands. The stock had previously closed at $11.34.

Wall Street Analysts Forecast Growth

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

Banco BBVA Argentina Trading Up 3.6 %

The firm has a 50-day moving average of $9.64 and a 200-day moving average of $9.45. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.25 and a current ratio of 0.91. The firm has a market capitalization of $2.40 billion, a P/E ratio of 7.44 and a beta of 1.50.

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

Banco BBVA Argentina Increases Dividend

The business also recently declared a — dividend, which was paid on Friday, August 9th. Investors of record on Friday, August 2nd were given a dividend of $0.5134 per share. This is a positive change from Banco BBVA Argentina’s previous — dividend of $0.11. The ex-dividend date was Friday, August 2nd. Banco BBVA Argentina’s dividend payout ratio (DPR) is presently 90.51%.

Institutional Investors Weigh In On Banco BBVA Argentina

Large investors have recently made changes to their positions in the business. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Banco BBVA Argentina by 30.1% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 18,152 shares of the bank’s stock worth $94,000 after buying an additional 4,197 shares during the last quarter. Fourth Sail Capital LP grew 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 worth $21,843,000 after buying an additional 1,009,103 shares during the last quarter. Quantbot Technologies LP grew its position in shares of Banco BBVA Argentina by 239.7% in 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 during the last quarter. Virtu Financial LLC bought a new stake in shares of Banco BBVA Argentina in the 1st quarter worth approximately $413,000. Finally, Ping Capital Management Inc. bought a new stake in shares of Banco BBVA Argentina in the 2nd quarter worth approximately $11,293,000.

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.