Banco BBVA Argentina (NYSE:BBAR) Stock Price Up 6.2% – Here’s Why

Banco BBVA Argentina S.A. (NYSE:BBAR)’s stock price rose 6.2% during mid-day trading on Tuesday . The stock traded as high as $23.10 and last traded at $23.02. Approximately 409,976 shares traded hands during mid-day trading, a decline of 71% from the average daily volume of 1,403,637 shares. The stock had previously closed at $21.67.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. StockNews.com downgraded shares of Banco BBVA Argentina from a “buy” rating to a “hold” rating in a report on Tuesday, December 24th. Morgan Stanley raised shares of Banco BBVA Argentina from an “underweight” rating to an “overweight” rating and set a $27.00 target price for the company in a report on Monday, December 16th.

Banco BBVA Argentina Stock Up 6.1 %

The company’s 50 day moving average is $18.09 and its 200 day moving average is $13.12. The company has a market cap of $4.70 billion, a PE ratio of 11.98 and a beta of 1.42. The company has a current ratio of 0.99, a quick ratio of 0.90 and a debt-to-equity ratio of 0.09.

Hedge Funds Weigh In On Banco BBVA Argentina

A number of large investors have recently bought and sold shares of the business. GAMMA Investing LLC raised its stake in shares of Banco BBVA Argentina by 123.8% during the 4th quarter. GAMMA Investing LLC now owns 4,171 shares of the bank’s stock worth $79,000 after acquiring an additional 2,307 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Banco BBVA Argentina during the 3rd quarter valued at $136,000. Truist Financial Corp acquired a new stake in shares of Banco BBVA Argentina in the 2nd quarter worth $167,000. GSA Capital Partners LLP purchased a new position in Banco BBVA Argentina during the 3rd quarter worth $237,000. Finally, SG Americas Securities LLC purchased a new stake in Banco BBVA Argentina in the third quarter valued at about $246,000.

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.