NorthRock Partners LLC Makes New Investment in Banco BBVA Argentina S.A. (NYSE:BBAR)

NorthRock Partners LLC bought a new position in Banco BBVA Argentina S.A. (NYSE:BBAR) during the third quarter, HoldingsChannel.com reports. The fund bought 35,000 shares of the bank’s stock, valued at approximately $363,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of BBAR. Truist Financial Corp bought a new stake in Banco BBVA Argentina during the second quarter valued at about $167,000. SG Americas Securities LLC acquired a new stake in Banco BBVA Argentina in the third quarter worth about $246,000. Fourth Sail Capital LP boosted its holdings in Banco BBVA Argentina by 74.6% in the second quarter. Fourth Sail Capital LP now owns 2,361,386 shares of the bank’s stock worth $21,843,000 after acquiring an additional 1,009,103 shares in the last quarter. Quantbot Technologies LP boosted its holdings in Banco BBVA Argentina by 239.7% in the first quarter. Quantbot Technologies LP now owns 27,918 shares of the bank’s stock worth $237,000 after acquiring an additional 19,700 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in Banco BBVA Argentina in the first quarter worth about $413,000.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Banco BBVA Argentina from a “hold” rating to a “buy” rating in a report on Monday, September 2nd.

Banco BBVA Argentina Price Performance

Shares of NYSE BBAR opened at $14.10 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market cap of $2.88 billion, a PE ratio of 9.10 and a beta of 1.47. The business has a 50-day simple moving average of $11.60 and a two-hundred day simple moving average of $10.38. Banco BBVA Argentina S.A. has a fifty-two week low of $4.09 and a fifty-two week high of $14.45.

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

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.