Banco BBVA Argentina (NYSE:BBAR) Stock Price Down 2.7% – Should You Sell?

Banco BBVA Argentina S.A. (NYSE:BBAR) shares traded down 2.7% on Wednesday . The stock traded as low as $11.71 and last traded at $11.71. 191,206 shares changed hands during trading, a decline of 78% from the average session volume of 884,104 shares. The stock had previously closed at $12.04.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Banco BBVA Argentina from a “hold” rating to a “buy” rating in a report on Monday, September 2nd.

Banco BBVA Argentina Stock Performance

The stock has a market capitalization of $2.34 billion, a PE ratio of 7.41 and a beta of 1.50. The company has a quick ratio of 0.82, a current ratio of 0.91 and a debt-to-equity ratio of 0.03. The stock has a fifty day moving average of $10.67 and a 200-day moving average of $9.95.

Banco BBVA Argentina (NYSE:BBAR) last announced its quarterly earnings data on Wednesday, August 21st. The bank reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.35. Banco BBVA Argentina had a return on equity of 9.98% and a net margin of 4.23%. The business had revenue of $892.11 million during the quarter, compared to analysts’ expectations of $599.49 million. Equities analysts anticipate that Banco BBVA Argentina S.A. will post 1.88 earnings per share for the current fiscal year.

Banco BBVA Argentina Increases Dividend

The company also recently disclosed a — dividend, which was paid on Friday, August 9th. Shareholders of record on Friday, August 2nd were given a $0.5134 dividend. The ex-dividend date of this dividend was Friday, August 2nd. This is an increase from Banco BBVA Argentina’s previous — dividend of $0.11. Banco BBVA Argentina’s dividend payout ratio is currently 90.51%.

Hedge Funds Weigh In On Banco BBVA Argentina

Institutional investors and hedge funds have recently modified their holdings of the company. SG Americas Securities LLC acquired a new stake in Banco BBVA Argentina in the third quarter valued at $246,000. Truist Financial Corp acquired a new stake in shares of Banco BBVA Argentina during the 2nd quarter worth about $167,000. Fourth Sail Capital LP lifted its stake in Banco BBVA Argentina by 74.6% during the second quarter. Fourth Sail Capital LP now owns 2,361,386 shares of the bank’s stock worth $21,843,000 after purchasing an additional 1,009,103 shares during the last quarter. Ping Capital Management Inc. acquired a new position in Banco BBVA Argentina in the second quarter valued at approximately $11,293,000. Finally, Virtu Financial LLC purchased a new position in Banco BBVA Argentina in the first quarter valued at approximately $413,000.

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.