Banco BBVA Argentina S.A. (NYSE:BBAR) Short Interest Update

Banco BBVA Argentina S.A. (NYSE:BBAR) was the recipient of a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 1,190,000 shares, a decrease of 21.2% from the January 31st total of 1,510,000 shares. Based on an average trading volume of 872,100 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.6% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BBAR. 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 raised Banco BBVA Argentina from an “underweight” rating to an “overweight” rating and set a $27.00 price objective for the company in a report on Monday, December 16th.

Banco BBVA Argentina Stock Performance

BBAR traded down $0.88 during trading hours on Tuesday, hitting $17.83. 180,975 shares of the stock were exchanged, compared to its average volume of 875,444. The stock has a market cap of $3.64 billion, a price-to-earnings ratio of 9.26 and a beta of 1.41. The stock has a 50-day simple moving average of $20.98 and a 200-day simple moving average of $16.08. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.99 and a quick ratio of 0.99. Banco BBVA Argentina has a 12 month low of $6.35 and a 12 month high of $25.01.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. William Blair Investment Management LLC bought a new position in Banco BBVA Argentina in the fourth quarter worth about $19,446,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Banco BBVA Argentina by 93.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,733,785 shares of the bank’s stock worth $33,046,000 after purchasing an additional 836,688 shares during the period. PointState Capital LP lifted its holdings in shares of Banco BBVA Argentina by 47.7% in the 4th quarter. PointState Capital LP now owns 2,458,304 shares of the bank’s stock worth $46,855,000 after purchasing an additional 793,411 shares during the last quarter. Brevan Howard Capital Management LP acquired a new position in Banco BBVA Argentina during the 4th quarter valued at approximately $11,050,000. Finally, Millennium Management LLC grew its stake in Banco BBVA Argentina by 695.8% during the 4th quarter. Millennium Management LLC now owns 523,438 shares of the bank’s stock worth $9,977,000 after buying an additional 457,663 shares during the last quarter.

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.