Channing Global Advisors LLC Acquires 33,207 Shares of Banco BBVA Argentina S.A. (NYSE:BBAR)

Channing Global Advisors LLC lifted its holdings in Banco BBVA Argentina S.A. (NYSE:BBAR) by 139.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,043 shares of the bank’s stock after purchasing an additional 33,207 shares during the quarter. Banco BBVA Argentina accounts for approximately 0.7% of Channing Global Advisors LLC’s investment portfolio, making the stock its 28th biggest holding. Channing Global Advisors LLC’s holdings in Banco BBVA Argentina were worth $1,087,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Blue Trust Inc. lifted its position in shares of Banco BBVA Argentina by 91.2% in the fourth quarter. Blue Trust Inc. now owns 3,448 shares of the bank’s stock worth $66,000 after purchasing an additional 1,645 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Banco BBVA Argentina by 123.8% in the fourth quarter. GAMMA Investing LLC now owns 4,171 shares of the bank’s stock worth $79,000 after purchasing an additional 2,307 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Banco BBVA Argentina in the third quarter worth $136,000. Truist Financial Corp bought a new stake in shares of Banco BBVA Argentina in the second quarter worth $167,000. Finally, Clear Creek Financial Management LLC bought a new stake in shares of Banco BBVA Argentina in the fourth quarter worth $236,000.

Analyst Ratings Changes

Several research firms have issued reports on BBAR. StockNews.com lowered shares of Banco BBVA Argentina from a “buy” rating to a “hold” rating in a research report on Tuesday, December 24th. Morgan Stanley raised shares of Banco BBVA Argentina from an “underweight” rating to an “overweight” rating and set a $27.00 price target on the stock in a research report on Monday, December 16th.

Banco BBVA Argentina Stock Performance

NYSE BBAR opened at $19.20 on Wednesday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.09. The firm’s fifty day moving average price is $20.47 and its two-hundred day moving average price is $15.04. Banco BBVA Argentina S.A. has a 1 year low of $5.24 and a 1 year high of $25.01. The firm has a market capitalization of $3.92 billion, a P/E ratio of 10.00 and a beta of 1.41.

Banco BBVA Argentina (NYSE:BBAR) last posted its quarterly earnings results on Wednesday, November 20th. The bank reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.07. Banco BBVA Argentina had a net margin of 6.09% and a return on equity of 12.21%. During the same quarter last year, the company earned $0.15 EPS. As a group, research analysts anticipate that Banco BBVA Argentina S.A. will post 1.94 EPS for the current 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.