Banco BBVA Argentina (NYSE:BBAR) Stock Price Up 4% - Still a Buy?

Banco BBVA Argentina S.A. (NYSE:BBAR - Get Free Report) shares rose 4% during trading on Tuesday . The company traded as high as $19.89 and last traded at $19.78. Approximately 252,800 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 827,823 shares. The stock had previously closed at $19.01.

Wall Street Analyst Weigh In

A number of equities research analysts have recently 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 target price on the stock in a report on Monday, December 16th. StockNews.com lowered Banco BBVA Argentina from a "buy" rating to a "hold" rating in a research note on Tuesday, December 24th.

Banco BBVA Argentina Stock Down 2.4 %

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 has a fifty day simple moving average of $19.93 and a 200-day simple moving average of $17.15. The firm has a market cap of $3.82 billion, a price-to-earnings ratio of 9.73 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 business. Blue Trust Inc. increased its holdings in 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 purchasing an additional 685 shares during the period. GAMMA Investing LLC increased its position in Banco BBVA Argentina by 123.8% during the 4th quarter. GAMMA Investing LLC now owns 4,171 shares of the bank's stock valued at $79,000 after purchasing an additional 2,307 shares during the period. XTX Topco Ltd bought a new stake in shares of Banco BBVA Argentina in the 3rd quarter valued at $136,000. Clear Creek Financial Management LLC bought a new stake in Banco BBVA Argentina during the fourth quarter valued at $236,000. Finally, Channing Global Advisors LLC bought a new position in shares of Banco BBVA Argentina in the 3rd quarter worth about $247,000.

Remove Ads

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.