Banco BBVA Argentina (NYSE:BBAR) Shares Gap Down – Time to Sell?

Shares of Banco BBVA Argentina S.A. (NYSE:BBAR) gapped down prior to trading on Tuesday . The stock had previously closed at $20.27, but opened at $18.75. Banco BBVA Argentina shares last traded at $19.34, with a volume of 309,374 shares traded.

Analyst Upgrades and Downgrades

BBAR has been the topic of a number of research reports. StockNews.com downgraded 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 on the stock in a report on Monday, December 16th.

Banco BBVA Argentina Trading Down 2.5 %

The business has a 50 day moving average of $20.78 and a 200 day moving average of $15.44. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market capitalization of $4.04 billion, a price-to-earnings ratio of 10.30 and a beta of 1.41.

Banco BBVA Argentina (NYSE:BBAR) last posted its 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 return on equity of 12.21% and a net margin of 6.09%. During the same quarter last year, the company posted $0.15 earnings per share. As a group, research analysts predict that Banco BBVA Argentina S.A. will post 1.94 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Banco BBVA Argentina

Hedge funds and other institutional investors have recently made changes to their positions in the company. Blue Trust Inc. raised its stake in Banco BBVA Argentina by 38.0% during the 4th quarter. Blue Trust Inc. now owns 2,488 shares of the bank’s stock worth $47,000 after buying an additional 685 shares during the period. GAMMA Investing LLC increased its holdings 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 acquiring an additional 2,307 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Banco BBVA Argentina during the third quarter worth about $136,000. Clear Creek Financial Management LLC bought a new position in shares of Banco BBVA Argentina during the 4th quarter valued at about $236,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Banco BBVA Argentina in the 3rd quarter valued at approximately $237,000.

About Banco BBVA Argentina

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.