Banco BBVA Argentina S.A. (NYSE:BBAR – Get Free Report)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.94 and traded as high as $10.01. Banco BBVA Argentina shares last traded at $10.01, with a volume of 788,084 shares.
Analyst Upgrades and Downgrades
Separately, StockNews.com cut Banco BBVA Argentina from a “buy” rating to a “hold” rating in a research report on Thursday, May 16th.
Get Our Latest Analysis on Banco BBVA Argentina
Banco BBVA Argentina Price Performance
Banco BBVA Argentina Increases Dividend
The firm also recently disclosed a — dividend, which was paid on Friday, August 9th. Shareholders of record on Friday, August 2nd were given a $0.5134 dividend. This is a boost 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 is presently 90.51%.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the business. Truist Financial Corp purchased a new position in shares of Banco BBVA Argentina in the second quarter valued at $167,000. Fourth Sail Capital LP increased its position 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 buying an additional 1,009,103 shares in the last quarter. Ping Capital Management Inc. purchased a new position in shares of Banco BBVA Argentina in the second quarter valued at $11,293,000. Virtu Financial LLC purchased a new position in shares of Banco BBVA Argentina in the first quarter valued at $413,000. Finally, Rokos Capital Management LLP purchased a new position in shares of Banco BBVA Argentina in the first quarter valued at $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.
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