Banco BBVA Argentina (NYSE:BBAR) Stock Price Up 7.7% – What’s Next?

Banco BBVA Argentina S.A. (NYSE:BBAR)’s share price rose 7.7% during mid-day trading on Monday . The company traded as high as $24.29 and last traded at $23.98. Approximately 1,383,556 shares changed hands during trading, a decline of 8% from the average daily volume of 1,507,589 shares. The stock had previously closed at $22.26.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. StockNews.com cut shares of Banco BBVA Argentina from a “buy” rating to a “hold” rating in a research report on Tuesday, December 24th. Morgan Stanley upgraded shares of Banco BBVA Argentina from an “underweight” rating to an “overweight” rating and set a $27.00 price objective for the company in a research report on Monday, December 16th.

Banco BBVA Argentina Price Performance

The business has a 50-day moving average of $17.01 and a two-hundred day moving average of $12.56. The company has a current ratio of 0.99, a quick ratio of 0.90 and a debt-to-equity ratio of 0.09. The firm has a market cap of $4.76 billion, a P/E ratio of 12.15 and a beta of 1.42.

Institutional Trading of Banco BBVA Argentina

A number of institutional investors and hedge funds have recently bought and sold shares of BBAR. GAMMA Investing LLC increased its position in shares of Banco BBVA Argentina by 123.8% during the fourth quarter. GAMMA Investing LLC now owns 4,171 shares of the bank’s stock worth $79,000 after buying an additional 2,307 shares during the period. XTX Topco Ltd bought a new stake in Banco BBVA Argentina during the third quarter valued at $136,000. Truist Financial Corp acquired a new stake in Banco BBVA Argentina during the 2nd quarter worth about $167,000. GSA Capital Partners LLP bought a new position in shares of Banco BBVA Argentina in the 3rd quarter worth about $237,000. Finally, SG Americas Securities LLC acquired a new position in shares of Banco BBVA Argentina in the 3rd quarter valued at about $246,000.

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.