Banco BBVA Argentina S.A. (NYSE:BBAR - Get Free Report) shot up 6.2% on Tuesday . The stock traded as high as $23.10 and last traded at $23.02. 409,976 shares were traded during mid-day trading, a decline of 71% from the average session volume of 1,403,637 shares. The stock had previously closed at $21.67.
Wall Street Analysts Forecast Growth
BBAR has been the subject of a number of recent analyst reports. Morgan Stanley upgraded Banco BBVA Argentina from an "underweight" rating to an "overweight" rating and set a $27.00 price objective for the company in a report on Monday, December 16th. StockNews.com cut shares of Banco BBVA Argentina from a "buy" rating to a "hold" rating in a report on Tuesday, December 24th.
Read Our Latest Report on BBAR
Banco BBVA Argentina Stock Up 6.4 %
The stock has a market cap of $4.71 billion, a P/E ratio of 12.01 and a beta of 1.42. The company's 50 day moving average price is $18.09 and its two-hundred day moving average price is $13.12. The company has a quick ratio of 0.90, a current ratio of 0.99 and a debt-to-equity ratio of 0.09.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its stake in shares of Banco BBVA Argentina by 123.8% during the fourth 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 in the last quarter. XTX Topco Ltd bought a new stake in Banco BBVA Argentina during the 3rd quarter valued at $136,000. Truist Financial Corp purchased a new position in shares of Banco BBVA Argentina in the 2nd quarter valued at $167,000. Point72 Asset Management L.P. raised its position in shares of Banco BBVA Argentina by 72.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 43,200 shares of the bank's stock worth $448,000 after acquiring an additional 18,200 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new position in shares of Banco BBVA Argentina in the 3rd quarter worth $237,000.
About Banco BBVA Argentina
(
Get Free Report)
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.
Further Reading
Before you consider Banco BBVA Argentina, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Banco BBVA Argentina wasn't on the list.
While Banco BBVA Argentina currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
