Banco BBVA Argentina (NYSE:BBAR) Upgraded at StockNews.com

Banco BBVA Argentina (NYSE:BBAR) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday.

Separately, 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 note on Monday.

Banco BBVA Argentina Price Performance

Shares of NYSE BBAR traded up $2.00 during trading on Monday, reaching $19.22. The company had a trading volume of 1,963,762 shares, compared to its average volume of 870,715. The company has a current ratio of 0.99, a quick ratio of 0.90 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $3.93 billion, a PE ratio of 10.01 and a beta of 1.49. Banco BBVA Argentina has a twelve month low of $4.63 and a twelve month high of $19.90. The stock has a 50-day moving average price of $14.94 and a two-hundred day moving average price of $11.67.

Institutional Trading of Banco BBVA Argentina

A number of institutional investors and hedge funds have recently bought and sold shares of BBAR. Ping Capital Management Inc. acquired a new stake in Banco BBVA Argentina in the 2nd quarter valued at $11,293,000. Fourth Sail Capital LP raised its stake in shares of 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 valued at $21,843,000 after purchasing an additional 1,009,103 shares during the period. Truist Financial Corp purchased a new stake in shares of Banco BBVA Argentina during the second quarter valued at approximately $167,000. SG Americas Securities LLC acquired a new position in shares of Banco BBVA Argentina during the third quarter worth $246,000. Finally, Deltec Asset Management LLC acquired a new stake in Banco BBVA Argentina during the 3rd quarter valued at $334,000.

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.