Banco BBVA Argentina S.A. (NYSE:BBAR - Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $19.02, but opened at $18.03. Banco BBVA Argentina shares last traded at $19.70, with a volume of 142,889 shares changing hands.
Analyst Upgrades and Downgrades
BBAR has been the topic of a number of research analyst reports. StockNews.com lowered Banco BBVA Argentina from a "buy" rating to a "hold" rating in a research note on Tuesday, December 24th. Morgan Stanley raised shares of Banco BBVA Argentina from an "underweight" rating to an "overweight" rating and set a $27.00 target price on the stock in a research note on Monday, December 16th.
Read Our Latest Analysis on Banco BBVA Argentina
Banco BBVA Argentina Stock Performance
The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.99 and a current ratio of 0.99. The firm's 50 day moving average is $20.92 and its 200-day moving average is $16.32. The company has a market cap of $3.53 billion, a PE ratio of 9.00 and a beta of 1.41.
Institutional Investors Weigh In On Banco BBVA Argentina
Hedge funds and other institutional investors have recently made changes to their positions in the stock. GSA Capital Partners LLP purchased a new stake in Banco BBVA Argentina in the 3rd quarter valued at $237,000. Mirabella Financial Services LLP purchased a new stake in shares of Banco BBVA Argentina in the third quarter valued at about $1,155,000. Sagil Capital LLP acquired a new stake in Banco BBVA Argentina during the third quarter worth about $2,131,000. Quantbot Technologies LP raised its stake in Banco BBVA Argentina by 694.6% during the third quarter. Quantbot Technologies LP now owns 27,612 shares of the bank's stock worth $286,000 after purchasing an additional 24,137 shares during the period. Finally, Channing Global Advisors LLC acquired a new position in Banco BBVA Argentina in the 3rd quarter valued at about $247,000.
Banco BBVA Argentina Company Profile
(
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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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