SG Americas Securities LLC Takes $246,000 Position in Banco BBVA Argentina S.A. (NYSE:BBAR)

SG Americas Securities LLC bought a new stake in shares of Banco BBVA Argentina S.A. (NYSE:BBAR) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 23,756 shares of the bank’s stock, valued at approximately $246,000.

A number of other hedge funds have also recently modified their holdings of BBAR. Ping Capital Management Inc. bought a new position in shares of Banco BBVA Argentina during the second quarter valued at approximately $11,293,000. Fourth Sail Capital LP grew its stake in shares of Banco BBVA Argentina by 74.6% during the second quarter. Fourth Sail Capital LP now owns 2,361,386 shares of the bank’s stock valued at $21,843,000 after buying an additional 1,009,103 shares during the last quarter. Rokos Capital Management LLP bought a new position in shares of Banco BBVA Argentina during the first quarter valued at approximately $501,000. Virtu Financial LLC bought a new position in Banco BBVA Argentina in the first quarter worth approximately $413,000. Finally, Quantbot Technologies LP grew its stake in Banco BBVA Argentina by 239.7% in the first quarter. Quantbot Technologies LP now owns 27,918 shares of the bank’s stock worth $237,000 after purchasing an additional 19,700 shares in the last quarter.

Banco BBVA Argentina Stock Up 1.0 %

Banco BBVA Argentina stock opened at $11.67 on Tuesday. The business has a fifty day moving average of $10.87 and a two-hundred day moving average of $10.03. The company has a quick ratio of 0.82, a current ratio of 0.91 and a debt-to-equity ratio of 0.03. The firm has a market cap of $2.38 billion, a P/E ratio of 7.39 and a beta of 1.50. Banco BBVA Argentina S.A. has a twelve month low of $3.78 and a twelve month high of $12.73.

Banco BBVA Argentina (NYSE:BBAR) last issued its quarterly earnings data on Wednesday, August 21st. The bank reported $0.61 EPS for the quarter, beating 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 firm had revenue of $892.11 million during the quarter, compared to analyst estimates of $599.49 million. On average, analysts forecast that Banco BBVA Argentina S.A. will post 1.88 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.