Banco BBVA Argentina (NYSE:BBAR) Sets New 1-Year High – Time to Buy?

Banco BBVA Argentina S.A. (NYSE:BBAR) reached a new 52-week high on Monday . The stock traded as high as $17.43 and last traded at $17.42, with a volume of 274093 shares changing hands. The stock had previously closed at $16.25.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Banco BBVA Argentina from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th.

Banco BBVA Argentina Stock Performance

The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.01. The firm’s 50-day moving average is $12.71 and its 200 day moving average is $10.85.

Banco BBVA Argentina (NYSE:BBAR) last issued its quarterly earnings results on Wednesday, August 21st. The bank reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.35. The company had revenue of $892.11 million for the quarter, compared to analyst estimates of $599.49 million. Banco BBVA Argentina had a net margin of 4.23% and a return on equity of 9.98%. On average, analysts expect that Banco BBVA Argentina S.A. will post 1.88 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Banco BBVA Argentina

A number of institutional investors have recently made changes to their positions in BBAR. Fourth Sail Capital LP increased its position 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 worth $21,843,000 after buying an additional 1,009,103 shares during the period. PointState Capital LP boosted its position in Banco BBVA Argentina by 14.2% during the third quarter. PointState Capital LP now owns 1,664,893 shares of the bank’s stock valued at $17,265,000 after acquiring an additional 206,399 shares during the last quarter. Ping Capital Management Inc. acquired a new stake in Banco BBVA Argentina during the 2nd quarter worth about $11,293,000. Sagil Capital LLP bought a new position in shares of Banco BBVA Argentina in the 3rd quarter worth about $2,131,000. Finally, Mirabella Financial Services LLP acquired a new position in shares of Banco BBVA Argentina in the 3rd quarter valued at about $1,155,000.

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.