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

Banco BBVA Argentina logo with Finance background

Banco BBVA Argentina S.A. (NYSE:BBAR - Get Free Report)'s stock price reached a new 52-week high on Thursday . The company traded as high as $20.52 and last traded at $20.35, with a volume of 245049 shares changing hands. The stock had previously closed at $19.06.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on BBAR shares. Morgan Stanley raised Banco BBVA Argentina from an "underweight" rating to an "overweight" rating and set a $27.00 target price on the stock in a research report 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.

Get Our Latest Stock Analysis on Banco BBVA Argentina

Banco BBVA Argentina Stock Performance

The company has a market capitalization of $4.45 billion, a price-to-earnings ratio of 11.34 and a beta of 1.49. The company's fifty day simple moving average is $16.65 and its two-hundred day simple moving average is $12.38. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.90 and a current ratio of 0.99.

Institutional Trading of Banco BBVA Argentina

Hedge funds and other institutional investors have recently bought and sold shares of the company. XTX Topco Ltd acquired a new position in shares of Banco BBVA Argentina in the 3rd quarter worth approximately $136,000. Truist Financial Corp acquired a new position in Banco BBVA Argentina in the second quarter worth $167,000. GSA Capital Partners LLP bought a new stake in Banco BBVA Argentina during the third quarter valued at $237,000. SG Americas Securities LLC acquired a new stake in shares of Banco BBVA Argentina during the third quarter worth $246,000. Finally, Channing Global Advisors LLC acquired a new position in shares of Banco BBVA Argentina in the 3rd quarter valued at about $247,000.

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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