Banco BBVA Argentina (NYSE:BBAR) Shares Gap Up - Time to Buy?

Banco BBVA Argentina S.A. (NYSE:BBAR - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $21.77, but opened at $22.64. Banco BBVA Argentina shares last traded at $21.95, with a volume of 285,469 shares.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on BBAR shares. 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 price target on the stock in a research note on Monday, December 16th.

Banco BBVA Argentina Trading Up 2.3 %

The business has a 50 day simple moving average of $17.01 and a two-hundred day simple moving average of $12.53. The company has a current ratio of 0.99, a quick ratio of 0.90 and a debt-to-equity ratio of 0.09. The company has a market cap of $4.55 billion, a PE ratio of 11.59 and a beta of 1.49.

Hedge Funds Weigh In On Banco BBVA Argentina

Several large investors have recently added to or reduced their stakes in BBAR. GAMMA Investing LLC grew its holdings in Banco BBVA Argentina by 123.8% in the 4th quarter. GAMMA Investing LLC now owns 4,171 shares of the bank's stock valued at $79,000 after buying an additional 2,307 shares during the period. Virtu Financial LLC purchased a new stake in Banco BBVA Argentina in the third quarter valued at approximately $506,000. XTX Topco Ltd acquired a new position in Banco BBVA Argentina during the third quarter worth approximately $136,000. Point72 Asset Management L.P. increased its position in Banco BBVA Argentina by 72.8% during the third quarter. Point72 Asset Management L.P. now owns 43,200 shares of the bank's stock worth $448,000 after purchasing an additional 18,200 shares during the last quarter. Finally, PointState Capital LP raised its stake in Banco BBVA Argentina by 14.2% during the third quarter. PointState Capital LP now owns 1,664,893 shares of the bank's stock worth $17,265,000 after purchasing an additional 206,399 shares during the period.

About Banco BBVA Argentina

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.