Banco BBVA Argentina (NYSE:BBAR) Shares Down 4.3% – Should You Sell?

Banco BBVA Argentina S.A. (NYSE:BBAR)’s stock price traded down 4.3% during trading on Friday . The stock traded as low as $21.32 and last traded at $21.40. 147,675 shares were traded during mid-day trading, a decline of 85% from the average session volume of 972,232 shares. The stock had previously closed at $22.37.

Analysts Set New Price Targets

A number of brokerages have recently commented on BBAR. StockNews.com cut Banco BBVA Argentina from a “buy” rating to a “hold” rating in a research note on Tuesday, December 24th. Morgan Stanley raised 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, December 16th.

Banco BBVA Argentina Price Performance

The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.99 and a current ratio of 0.99. The business has a 50 day moving average price of $20.27 and a 200-day moving average price of $14.72. The company has a market capitalization of $4.23 billion, a price-to-earnings ratio of 10.80 and a beta of 1.41.

Banco BBVA Argentina (NYSE:BBAR) last released its quarterly earnings data on Wednesday, November 20th. The bank reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.07. Banco BBVA Argentina had a net margin of 6.09% and a return on equity of 12.21%. During the same quarter in the previous year, the firm posted $0.15 EPS. Research analysts predict that Banco BBVA Argentina S.A. will post 1.94 EPS for the current fiscal year.

Hedge Funds Weigh In On Banco BBVA Argentina

Several large investors have recently bought and sold shares of BBAR. Amundi purchased a new position in shares of Banco BBVA Argentina in the 4th quarter worth about $396,000. Blue Trust Inc. grew its stake in shares of Banco BBVA Argentina by 38.0% during the 4th quarter. Blue Trust Inc. now owns 2,488 shares of the bank’s stock worth $47,000 after acquiring an additional 685 shares during the period. Channing Global Advisors LLC raised its stake in Banco BBVA Argentina by 139.3% in the 4th quarter. Channing Global Advisors LLC now owns 57,043 shares of the bank’s stock valued at $1,087,000 after acquiring an additional 33,207 shares during the period. Activest Wealth Management boosted its position in 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 purchasing an additional 56,740 shares during the period. Finally, Deltec Asset Management LLC raised its position in shares of Banco BBVA Argentina by 84.3% in the fourth quarter. Deltec Asset Management LLC now owns 59,400 shares of the bank’s stock valued at $1,132,000 after purchasing an additional 27,167 shares during the period.

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.