Banco BBVA Argentina (NYSE:BBAR) Reaches New 1-Year High at $12.03

Banco BBVA Argentina S.A. (NYSE:BBAR)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $12.03 and last traded at $11.33, with a volume of 1024255 shares changing hands. The stock had previously closed at $11.34.

Analysts Set New Price Targets

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

Banco BBVA Argentina Stock Performance

The stock’s 50-day moving average price is $9.57 and its 200-day moving average price is $9.38. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.25 and a current ratio of 0.91. The company has a market capitalization of $2.31 billion, a price-to-earnings ratio of 7.17 and a beta of 1.50.

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

Banco BBVA Argentina Increases Dividend

The business also recently declared a — dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, August 2nd were given a dividend of $0.5134 per share. This is an increase from Banco BBVA Argentina’s previous — dividend of $0.11. The ex-dividend date of this dividend was Friday, August 2nd. Banco BBVA Argentina’s dividend payout ratio (DPR) is presently 90.51%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BBAR. Fourth Sail Capital LP acquired a new position in shares of Banco BBVA Argentina during the 1st quarter worth approximately $11,467,000. Ping Capital Management Inc. purchased a new stake in Banco BBVA Argentina in the 2nd quarter worth approximately $11,293,000. Rokos Capital Management LLP purchased a new stake in Banco BBVA Argentina in the 1st quarter worth approximately $501,000. Jump Financial LLC grew its stake in Banco BBVA Argentina by 58.9% in the 4th quarter. Jump Financial LLC now owns 152,778 shares of the bank’s stock worth $831,000 after acquiring an additional 56,622 shares during the period. Finally, Virtu Financial LLC purchased a new stake in Banco BBVA Argentina in the 1st quarter worth approximately $413,000.

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.