Banco BBVA Argentina (NYSE:BBAR) Posts Quarterly Earnings Results, Misses Estimates By $0.07 EPS

Banco BBVA Argentina (NYSE:BBAR) released its quarterly earnings data on Wednesday. The bank reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.07), Zacks reports. Banco BBVA Argentina had a net margin of 6.09% and a return on equity of 12.21%.

Banco BBVA Argentina Stock Performance

BBAR traded up $0.80 during trading on Wednesday, hitting $19.16. 482,207 shares of the stock were exchanged, compared to its average volume of 874,629. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.09. Banco BBVA Argentina has a 1-year low of $6.35 and a 1-year high of $25.01. The stock has a fifty day moving average price of $20.96 and a two-hundred day moving average price of $16.13. The firm has a market capitalization of $3.91 billion, a P/E ratio of 9.98 and a beta of 1.41.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BBAR. Morgan Stanley upgraded shares of Banco BBVA Argentina from an “underweight” rating to an “overweight” rating and set a $27.00 price objective for the company in a research report on Monday, December 16th. StockNews.com cut shares of Banco BBVA Argentina from a “buy” rating to a “hold” rating in a research report on Tuesday, December 24th.

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.