Banco BBVA Argentina (NYSE:BBAR) Stock Price Up 7.5%

Banco BBVA Argentina S.A. (NYSE:BBAR)’s share price shot up 7.5% during trading on Friday . The stock traded as high as $10.75 and last traded at $10.75. 99,535 shares changed hands during trading, a decline of 89% from the average session volume of 906,642 shares. The stock had previously closed at $10.00.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Banco BBVA Argentina from a “buy” rating to a “hold” rating in a report on Thursday, May 16th.

Banco BBVA Argentina Price Performance

The company has a market capitalization of $2.08 billion, a PE ratio of 6.80 and a beta of 1.61. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.25 and a current ratio of 0.82. The stock has a 50 day moving average price of $9.17 and a two-hundred day moving average price of $8.94.

Banco BBVA Argentina Increases Dividend

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of BBAR. Truist Financial Corp bought a new stake in Banco BBVA Argentina in the second quarter worth $167,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Banco BBVA Argentina by 30.1% in 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. Quantbot Technologies LP lifted its holdings in Banco BBVA Argentina by 239.7% in the 1st quarter. Quantbot Technologies LP now owns 27,918 shares of the bank’s stock worth $237,000 after purchasing an additional 19,700 shares during the last quarter. Virtu Financial LLC bought a new stake in Banco BBVA Argentina during the first quarter worth approximately $413,000. Finally, Rokos Capital Management LLP acquired a new position in Banco BBVA Argentina during the first quarter valued at approximately $501,000.

About Banco BBVA Argentina

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.