Shares of Banco BBVA Argentina S.A. (NYSE:BBAR - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $25.01 and last traded at $22.99, with a volume of 1906007 shares changing hands. The stock had previously closed at $23.27.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on BBAR shares. Morgan Stanley raised shares of Banco BBVA Argentina from an "underweight" rating to an "overweight" rating and set a $27.00 price objective on the stock in a research note on Monday, December 16th. StockNews.com lowered Banco BBVA Argentina from a "buy" rating to a "hold" rating in a research report on Tuesday, December 24th.
View Our Latest Analysis on Banco BBVA Argentina
Banco BBVA Argentina Trading Down 2.2 %
The firm has a market cap of $4.59 billion, a P/E ratio of 11.70 and a beta of 1.42. The business has a 50 day moving average of $17.57 and a two-hundred day moving average of $12.82. The company has a current ratio of 0.99, a quick ratio of 0.90 and a debt-to-equity ratio of 0.09.
Institutional Trading of Banco BBVA Argentina
A number of institutional investors have recently bought and sold shares of BBAR. Fourth Sail Capital LP lifted its position in Banco BBVA Argentina by 74.6% during the second quarter. Fourth Sail Capital LP now owns 2,361,386 shares of the bank's stock worth $21,843,000 after purchasing an additional 1,009,103 shares during the period. PointState Capital LP raised its position in shares of Banco BBVA Argentina by 14.2% in the 3rd quarter. PointState Capital LP now owns 1,664,893 shares of the bank's stock valued at $17,265,000 after buying an additional 206,399 shares in the last quarter. Sagil Capital LLP bought a new stake in shares of Banco BBVA Argentina during the 3rd quarter worth approximately $2,131,000. Mirabella Financial Services LLP acquired a new stake in shares of Banco BBVA Argentina during the 3rd quarter worth approximately $1,155,000. Finally, Virtu Financial LLC bought a new position in Banco BBVA Argentina in the third quarter valued at approximately $506,000.
About Banco BBVA Argentina
(
Get Free Report)
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.
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