Banco BBVA Argentina (NYSE:BBAR) Reaches New 12-Month High – Should You Buy?

Banco BBVA Argentina S.A. (NYSE:BBAR)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $19.90 and last traded at $19.41, with a volume of 1562196 shares traded. The stock had previously closed at $17.22.

Wall Street Analyst Weigh In

BBAR has been the topic of a number of research reports. Morgan Stanley raised shares of 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. StockNews.com downgraded Banco BBVA Argentina from a “buy” rating to a “hold” rating in a report on Thursday, November 7th.

Banco BBVA Argentina Stock Performance

The stock’s 50-day moving average is $14.77 and its 200-day moving average is $11.62. The stock has a market cap of $3.93 billion, a price-to-earnings ratio of 10.06 and a beta of 1.49. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.99 and a quick ratio of 0.90.

Hedge Funds Weigh In On Banco BBVA Argentina

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BBAR. XTX Topco Ltd purchased a new stake in Banco BBVA Argentina during the third quarter valued at about $136,000. Truist Financial Corp bought a new position in Banco BBVA Argentina in the second quarter worth $167,000. GSA Capital Partners LLP acquired a new stake in Banco BBVA Argentina in the 3rd quarter valued at $237,000. SG Americas Securities LLC acquired a new position in shares of Banco BBVA Argentina in the 3rd quarter worth approximately $246,000. Finally, Channing Global Advisors LLC bought a new position in Banco BBVA Argentina in the 3rd quarter worth approximately $247,000.

About Banco BBVA Argentina

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.