Banco BBVA Argentina (NYSE:BBAR) Shares Gap Down - Here's What Happened

Banco BBVA Argentina S.A. (NYSE:BBAR - Get Free Report)'s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $20.27, but opened at $18.75. Banco BBVA Argentina shares last traded at $19.34, with a volume of 309,374 shares.

Analysts Set New Price Targets

Several research analysts 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 price objective on the stock in a research note on Monday, December 16th. StockNews.com cut Banco BBVA Argentina from a "buy" rating to a "hold" rating in a research report on Tuesday, December 24th.

Banco BBVA Argentina Price Performance

The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.09. The firm has a market cap of $3.94 billion, a P/E ratio of 10.05 and a beta of 1.41. The firm has a 50-day simple moving average of $20.93 and a 200-day simple moving average of $15.59.

Banco BBVA Argentina (NYSE:BBAR - Get Free Report) last announced its earnings results on Wednesday, November 20th. The bank reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.07. Banco BBVA Argentina had a return on equity of 12.21% and a net margin of 6.09%. During the same quarter in the previous year, the firm posted $0.15 EPS. As a group, analysts forecast that Banco BBVA Argentina S.A. will post 1.94 EPS for the current year.

Institutional Trading of Banco BBVA Argentina

Several hedge funds and other institutional investors have recently bought and sold shares of BBAR. Blue Trust Inc. boosted its position in shares of Banco BBVA Argentina by 38.0% in the 4th quarter. Blue Trust Inc. now owns 2,488 shares of the bank's stock worth $47,000 after purchasing an additional 685 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Banco BBVA Argentina by 123.8% in the 4th quarter. GAMMA Investing LLC now owns 4,171 shares of the bank's stock worth $79,000 after purchasing an additional 2,307 shares in the last quarter. Clear Creek Financial Management LLC acquired a new stake in shares of Banco BBVA Argentina in the 4th quarter worth $236,000. XTX Topco Ltd acquired a new stake in shares of Banco BBVA Argentina in the 3rd quarter worth $136,000. Finally, NewEdge Advisors LLC boosted its position in shares of Banco BBVA Argentina by 1,332.9% in the 4th quarter. NewEdge Advisors LLC now owns 14,759 shares of the bank's stock worth $281,000 after purchasing an additional 13,729 shares in the last quarter.

Banco BBVA Argentina Company Profile

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.