Banco BBVA Argentina (NYSE:BBAR) Hits New 52-Week High - Still a Buy?

Banco BBVA Argentina S.A. (NYSE:BBAR - Get Free Report)'s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $20.00 and last traded at $19.97, with a volume of 316041 shares changing hands. The stock had previously closed at $19.46.

Analysts Set New Price Targets

BBAR has been the subject of a number of recent analyst reports. Morgan Stanley upgraded 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 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 note on Tuesday.

Banco BBVA Argentina Trading Up 0.5 %

The business's 50 day simple moving average is $16.04 and its 200-day simple moving average is $12.11. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.99 and a quick ratio of 0.90. The stock has a market capitalization of $3.99 billion, a P/E ratio of 10.19 and a beta of 1.49.

Institutional Inflows and Outflows

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