Banco BBVA Argentina (NYSE:BBAR) Shares Down 3.6%

Banco BBVA Argentina S.A. (NYSE:BBAR) shares were down 3.6% during trading on Wednesday . The stock traded as low as $9.94 and last traded at $9.94. Approximately 348,671 shares changed hands during mid-day trading, a decline of 62% from the average daily volume of 919,021 shares. The stock had previously closed at $10.31.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Banco BBVA Argentina from a “buy” rating to a “hold” rating in a research report on Thursday, May 16th.

Banco BBVA Argentina Price Performance

The company has a market capitalization of $2.05 billion, a P/E ratio of 6.53 and a beta of 1.61. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.82 and a quick ratio of 1.25. The company has a fifty day moving average price of $9.26 and a 200 day moving average price of $8.78.

Banco BBVA Argentina (NYSE:BBAR) last issued its earnings results on Wednesday, May 22nd. The bank reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.05). Banco BBVA Argentina had a return on equity of 10.04% and a net margin of 4.00%. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $684.47 million. On average, sell-side analysts forecast that Banco BBVA Argentina S.A. will post 1.48 EPS for the current fiscal year.

Banco BBVA Argentina Increases Dividend

The company also recently disclosed a — dividend, which was paid on Friday, August 9th. Investors of record on Friday, August 2nd were issued a $0.5134 dividend. The ex-dividend date was Friday, August 2nd. This is a boost from Banco BBVA Argentina’s previous — dividend of $0.11. Banco BBVA Argentina’s dividend payout ratio (DPR) is 90.51%.

Hedge Funds Weigh In On Banco BBVA Argentina

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Banco BBVA Argentina by 30.1% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 18,152 shares of the bank’s stock worth $94,000 after purchasing an additional 4,197 shares in the last quarter. Truist Financial Corp acquired a new stake in shares of Banco BBVA Argentina in the second quarter valued at $167,000. Quantbot Technologies LP boosted its stake in Banco BBVA Argentina by 239.7% during the first quarter. Quantbot Technologies LP now owns 27,918 shares of the bank’s stock valued at $237,000 after buying an additional 19,700 shares in the last quarter. Virtu Financial LLC acquired a new position in Banco BBVA Argentina during the first quarter worth about $413,000. Finally, Rokos Capital Management LLP bought a new stake in Banco BBVA Argentina in the first quarter worth about $501,000.

About Banco BBVA Argentina

Banco BBVA Argentina SA provides various banking products and services to individuals and companies in Argentina. It provides retail banking products and services, such as checking and savings accounts, time deposits, credit cards, 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.