ABS Direct Equity Fund LLC Acquires New Position in Banco BBVA Argentina S.A. (NYSE:BBAR)

ABS Direct Equity Fund LLC purchased a new position in shares of Banco BBVA Argentina S.A. (NYSE:BBAR - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 21,417 shares of the bank's stock, valued at approximately $408,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BBAR. Blue Trust Inc. grew its position in Banco BBVA Argentina by 91.2% during the fourth quarter. Blue Trust Inc. now owns 3,448 shares of the bank's stock valued at $66,000 after acquiring an additional 1,645 shares during the period. GAMMA Investing LLC lifted its stake in Banco BBVA Argentina by 123.8% during the fourth quarter. GAMMA Investing LLC now owns 4,171 shares of the bank's stock worth $79,000 after purchasing an additional 2,307 shares during the last quarter. XTX Topco Ltd acquired a new stake in Banco BBVA Argentina during the third quarter worth about $136,000. Truist Financial Corp acquired a new stake in Banco BBVA Argentina in the second quarter worth $167,000. Finally, Point72 Asset Management L.P. grew its position in Banco BBVA Argentina by 72.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 43,200 shares of the bank's stock worth $448,000 after purchasing an additional 18,200 shares during the last quarter.

Analyst Ratings Changes

BBAR has been the topic of a number of recent analyst reports. StockNews.com lowered Banco BBVA Argentina from a "buy" rating to a "hold" rating in a research report on Tuesday, December 24th. Morgan Stanley raised Banco BBVA Argentina from an "underweight" rating to an "overweight" rating and set a $27.00 price target for the company in a report on Monday, December 16th.

Banco BBVA Argentina Trading Up 0.3 %

Shares of Banco BBVA Argentina stock traded up $0.06 during trading on Tuesday, hitting $21.26. 1,101,694 shares of the company were exchanged, compared to its average volume of 1,163,758. Banco BBVA Argentina S.A. has a 1-year low of $5.01 and a 1-year high of $25.01. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.99 and a quick ratio of 0.99. The firm's fifty day moving average price is $19.46 and its 200 day moving average price is $14.07. The firm has a market capitalization of $4.34 billion, a P/E ratio of 11.07 and a beta of 1.42.

Banco BBVA Argentina (NYSE:BBAR - Get Free Report) last released its quarterly earnings results on Wednesday, November 20th. The bank reported $0.52 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.07. Banco BBVA Argentina had a net margin of 6.09% and a return on equity of 12.21%. During the same quarter last year, the business earned $0.15 EPS. As a group, sell-side analysts expect that Banco BBVA Argentina S.A. will post 1.94 earnings per share for the current fiscal year.

Banco BBVA Argentina 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.