Banco BBVA Argentina S.A. (NYSE:BBAR - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $16.44 and traded as high as $19.07. Banco BBVA Argentina shares last traded at $18.09, with a volume of 460,386 shares.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on the stock. 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.
Read Our Latest Report on BBAR
Banco BBVA Argentina Trading Down 2.7 %
The business has a 50 day moving average price of $20.84 and a 200 day moving average price of $16.44. The company has a market capitalization of $3.69 billion, a P/E ratio of 9.42 and a beta of 1.41. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.09.
Institutional Investors Weigh In On Banco BBVA Argentina
Several hedge funds have recently bought and sold shares of BBAR. Blue Trust Inc. lifted its holdings in shares of Banco BBVA Argentina by 38.0% during the 4th quarter. Blue Trust Inc. now owns 2,488 shares of the bank's stock valued at $47,000 after purchasing an additional 685 shares in the last quarter. GAMMA Investing LLC raised its holdings in 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 buying an additional 2,307 shares during the period. Clear Creek Financial Management LLC bought a new position in Banco BBVA Argentina in the fourth quarter valued at approximately $236,000. XTX Topco Ltd acquired a new position in shares of Banco BBVA Argentina in the third quarter valued at approximately $136,000. Finally, NewEdge Advisors LLC increased its position in shares of Banco BBVA Argentina by 1,332.9% during the fourth quarter. NewEdge Advisors LLC now owns 14,759 shares of the bank's stock worth $281,000 after acquiring an additional 13,729 shares in the last quarter.
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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