Banco BBVA Argentina (NYSE:BBAR) Stock Price Up 4% – Should You Buy?

Banco BBVA Argentina S.A. (NYSE:BBAR)’s share price traded up 4% during mid-day trading on Tuesday . The company traded as high as $19.89 and last traded at $19.78. 252,800 shares were traded during mid-day trading, a decline of 69% from the average session volume of 827,823 shares. The stock had previously closed at $19.01.

Wall Street Analysts Forecast Growth

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

Banco BBVA Argentina Stock Performance

The firm’s fifty day moving average price is $20.20 and its 200-day moving average price is $16.95. 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 has a market cap of $4.06 billion, a price-to-earnings ratio of 10.35 and a beta of 1.41.

Hedge Funds Weigh In On Banco BBVA Argentina

Hedge funds have recently made changes to their positions in the company. TT International Asset Management LTD purchased a new position in Banco BBVA Argentina during the 4th quarter worth approximately $3,261,000. Clear Creek Financial Management LLC acquired a new position in Banco BBVA Argentina in the fourth quarter valued at $236,000. Redhawk Wealth Advisors Inc. purchased a new stake in shares of Banco BBVA Argentina in the fourth quarter valued at about $743,000. ABS Direct Equity Fund LLC purchased a new stake in shares of Banco BBVA Argentina in the fourth quarter valued at about $408,000. Finally, Activest Wealth Management grew its holdings in shares of Banco BBVA Argentina by 378.3% during the fourth quarter. Activest Wealth Management now owns 71,740 shares of the bank’s stock worth $1,367,000 after buying an additional 56,740 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.