Banco BBVA Argentina (NYSE:BBAR) Trading 5.8% Higher - Here's What Happened

Banco BBVA Argentina S.A. (NYSE:BBAR - Get Free Report) traded up 5.8% during mid-day trading on Monday . The stock traded as high as $19.59 and last traded at $19.85. 183,175 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 907,867 shares. The stock had previously closed at $18.76.

Wall Street Analysts Forecast Growth

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

Banco BBVA Argentina Stock Up 4.4 %

The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.09. The firm has a market cap of $3.91 billion, a PE ratio of 9.98 and a beta of 1.41. The firm's 50 day moving average is $20.96 and its 200-day moving average is $16.13.

Banco BBVA Argentina (NYSE:BBAR - Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The bank reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.07). Banco BBVA Argentina had a net margin of 6.09% and a return on equity of 12.21%. As a group, equities research analysts expect that Banco BBVA Argentina S.A. will post 1.94 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Banco BBVA Argentina

A number of large investors have recently bought and sold shares of the stock. Blue Trust Inc. raised its stake in Banco BBVA Argentina by 38.0% during the fourth quarter. Blue Trust Inc. now owns 2,488 shares of the bank's stock worth $47,000 after purchasing an additional 685 shares during the period. GAMMA Investing LLC raised its stake in Banco BBVA Argentina by 123.8% during the fourth 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. XTX Topco Ltd raised its stake in Banco BBVA Argentina by 25.7% during the fourth quarter. XTX Topco Ltd now owns 16,521 shares of the bank's stock worth $315,000 after purchasing an additional 3,378 shares during the period. HUB Investment Partners LLC raised its stake in Banco BBVA Argentina by 42.6% during 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 period. Finally, Clear Creek Financial Management LLC purchased a new position in Banco BBVA Argentina during the fourth quarter worth approximately $236,000.

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.