Banco BBVA Argentina (NYSE:BBAR) Shares Down 5.9%

Shares of Banco BBVA Argentina S.A. (NYSE:BBAR) fell 5.9% during trading on Wednesday . The stock traded as low as $8.79 and last traded at $8.85. 942,420 shares traded hands during mid-day trading, a decline of 7% from the average session volume of 1,011,335 shares. The stock had previously closed at $9.40.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Banco BBVA Argentina from a “hold” rating to a “buy” rating in a research note on Tuesday, March 12th.

Banco BBVA Argentina Stock Up 3.2 %

The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.01. The company’s 50 day moving average is $7.76 and its 200 day moving average is $5.95.

Banco BBVA Argentina (NYSE:BBAR) last announced its quarterly earnings data on Tuesday, March 5th. The bank reported $0.59 EPS for the quarter, beating the consensus estimate of $0.09 by $0.50. Banco BBVA Argentina had a net margin of 4.55% and a return on equity of 11.32%. The firm had revenue of $2.67 billion during the quarter, compared to analysts’ expectations of $592.18 million. During the same quarter last year, the business earned $0.53 earnings per share. As a group, research analysts anticipate that Banco BBVA Argentina S.A. will post 1.48 EPS for the current fiscal year.

Banco BBVA Argentina Increases Dividend

The business also recently disclosed a — dividend, which was paid on Tuesday, March 19th. Investors of record on Friday, January 1st were paid a $0.1131 dividend. This is a boost from Banco BBVA Argentina’s previous — dividend of $0.06. The ex-dividend date of this dividend was Friday, March 8th. Banco BBVA Argentina’s dividend payout ratio (DPR) is 4.55%.

Hedge Funds Weigh In On Banco BBVA Argentina

Hedge funds have recently added to or reduced their stakes in the business. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Banco BBVA Argentina by 30.1% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 18,152 shares of the bank’s stock valued at $94,000 after acquiring an additional 4,197 shares in the last quarter. Axxcess Wealth Management LLC purchased a new position in Banco BBVA Argentina during the 3rd quarter valued at about $150,000. Autonomy Capital Jersey L.P. increased its holdings in Banco BBVA Argentina by 100.0% during the 3rd quarter. Autonomy Capital Jersey L.P. now owns 40,000 shares of the bank’s stock valued at $166,000 after acquiring an additional 20,000 shares in the last quarter. Jump Financial LLC increased its holdings in Banco BBVA Argentina by 58.9% during the 4th quarter. Jump Financial LLC now owns 152,778 shares of the bank’s stock valued at $831,000 after acquiring an additional 56,622 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in Banco BBVA Argentina by 14.2% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 259,340 shares of the bank’s stock valued at $1,076,000 after acquiring an additional 32,262 shares in the last quarter.

Banco BBVA Argentina Company Profile

Banco BBVA Argentina SA provides various banking products and services to individuals and companies in Argentina. It provides retail banking products and services, such as checking and savings accounts, time deposits, credit cards, 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.