Banco BBVA Argentina (NYSE:BBAR) Stock Price Down 4.3% - Here's What Happened

Shares of Banco BBVA Argentina S.A. (NYSE:BBAR - Get Free Report) fell 4.3% on Friday . The company traded as low as $21.32 and last traded at $21.40. 147,675 shares traded hands during trading, a decline of 85% from the average session volume of 972,232 shares. The stock had previously closed at $22.37.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. StockNews.com cut shares of Banco BBVA Argentina from a "buy" rating to a "hold" rating in a research note on Tuesday, December 24th. Morgan Stanley upgraded 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.

Banco BBVA Argentina Stock Performance

The firm has a market capitalization of $3.93 billion, a PE ratio of 10.01 and a beta of 1.41. 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 business's fifty day simple moving average is $20.43 and its 200-day simple moving average is $14.97.

Banco BBVA Argentina (NYSE:BBAR - Get Free Report) last issued its quarterly earnings data on Wednesday, November 20th. The bank reported $0.52 earnings per share for the quarter, beating analysts' consensus estimates 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 last year, the business earned $0.15 earnings per share. As a group, equities research analysts expect 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 the stock. Blue Trust Inc. raised its stake in shares of Banco BBVA Argentina by 38.0% in the fourth quarter. Blue Trust Inc. now owns 2,488 shares of the bank's stock valued at $47,000 after acquiring an additional 685 shares during the period. GAMMA Investing LLC raised its position in 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 during the period. HUB Investment Partners LLC lifted its stake in Banco BBVA Argentina by 42.6% in the fourth quarter. HUB Investment Partners LLC now owns 15,318 shares of the bank's stock worth $292,000 after purchasing an additional 4,574 shares during the last quarter. Clear Creek Financial Management LLC purchased a new position in shares of Banco BBVA Argentina during the fourth quarter valued at approximately $236,000. Finally, XTX Topco Ltd purchased a new stake in shares of Banco BBVA Argentina in the third quarter worth approximately $136,000.

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.