Crocodile Capital Partners GmbH Buys Shares of 40,000 Banco BBVA Argentina S.A. (NYSE:BBAR)

Crocodile Capital Partners GmbH bought a new stake in Banco BBVA Argentina S.A. (NYSE:BBAR) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 40,000 shares of the bank’s stock, valued at approximately $762,000. Banco BBVA Argentina accounts for about 2.1% of Crocodile Capital Partners GmbH’s portfolio, making the stock its 6th largest position.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. PointState Capital LP lifted its holdings in shares of Banco BBVA Argentina by 14.2% in the third quarter. PointState Capital LP now owns 1,664,893 shares of the bank’s stock valued at $17,265,000 after purchasing an additional 206,399 shares in the last quarter. Sagil Capital LLP bought a new stake in shares of Banco BBVA Argentina in the third quarter valued at about $2,131,000. TT International Asset Management LTD bought a new stake in shares of Banco BBVA Argentina in the fourth quarter valued at about $3,261,000. Mirabella Financial Services LLP bought a new stake in shares of Banco BBVA Argentina in the third quarter valued at about $1,155,000. Finally, Systrade AG bought a new stake in shares of Banco BBVA Argentina in the fourth quarter valued at about $1,334,000.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BBAR. Morgan Stanley upgraded Banco BBVA Argentina from an “underweight” rating to an “overweight” rating and set a $27.00 price target on the stock in a report on Monday, December 16th. StockNews.com lowered Banco BBVA Argentina from a “buy” rating to a “hold” rating in a report on Tuesday, December 24th.

Banco BBVA Argentina Stock Performance

BBAR opened at $22.50 on Friday. Banco BBVA Argentina S.A. has a 52-week low of $5.01 and a 52-week high of $25.01. The firm has a market capitalization of $4.60 billion, a PE ratio of 11.72 and a beta of 1.42. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.99 and a current ratio of 0.99. The business’s 50-day simple moving average is $19.39 and its 200 day simple moving average is $13.93.

Banco BBVA Argentina (NYSE:BBAR) last announced its quarterly earnings results on Wednesday, November 20th. The bank reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.07. Banco BBVA Argentina had a return on equity of 12.21% and a net margin of 6.09%. During the same quarter in the prior year, the firm earned $0.15 EPS. As a group, sell-side analysts expect that Banco BBVA Argentina S.A. will post 1.94 earnings per share for the current fiscal year.

Banco BBVA Argentina 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.