Short Interest in Banco BBVA Argentina S.A. (NYSE:BBAR) Drops By 21.2%

Banco BBVA Argentina S.A. (NYSE:BBAR - Get Free Report) was the recipient of a large decrease in short interest in February. As of February 15th, there was short interest totalling 1,190,000 shares, a decrease of 21.2% from the January 31st total of 1,510,000 shares. Based on an average trading volume of 872,100 shares, the days-to-cover ratio is presently 1.4 days. Approximately 0.6% of the company's stock are short sold.

Analysts Set New Price Targets

A number of research firms recently weighed in on BBAR. StockNews.com lowered shares of Banco BBVA Argentina from a "buy" rating to a "hold" rating in a research report 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 target price on the stock in a research report on Monday, December 16th.

Banco BBVA Argentina Stock Performance

Shares of NYSE:BBAR traded up $0.80 during midday trading on Wednesday, reaching $19.16. The company had a trading volume of 486,957 shares, compared to its average volume of 874,145. Banco BBVA Argentina has a 52-week low of $6.58 and a 52-week high of $25.01. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.09. The company's 50 day moving average price is $20.96 and its 200 day moving average price is $16.13. The stock has a market cap of $3.91 billion, a P/E ratio of 9.98 and a beta of 1.41.

Banco BBVA Argentina (NYSE:BBAR - Get Free Report) last issued its quarterly earnings results on Wednesday, March 5th. The bank reported $0.30 EPS for the quarter, missing analysts' consensus estimates 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, sell-side analysts anticipate that Banco BBVA Argentina will post 1.94 EPS for the current fiscal year.

Institutional Trading of Banco BBVA Argentina

Hedge funds and other institutional investors have recently modified their holdings of the business. Blue Trust Inc. boosted its holdings in Banco BBVA Argentina by 38.0% in the 4th quarter. Blue Trust Inc. now owns 2,488 shares of the bank's stock worth $47,000 after buying an additional 685 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Banco BBVA Argentina by 123.8% in the fourth quarter. GAMMA Investing LLC now owns 4,171 shares of the bank's stock worth $79,000 after acquiring an additional 2,307 shares during the period. XTX Topco Ltd grew its position in shares of Banco BBVA Argentina by 25.7% in the fourth quarter. XTX Topco Ltd now owns 16,521 shares of the bank's stock valued at $315,000 after purchasing an additional 3,378 shares in the last quarter. HUB Investment Partners LLC raised its stake in shares of Banco BBVA Argentina by 42.6% during the 4th quarter. HUB Investment Partners LLC now owns 15,318 shares of the bank's stock valued at $292,000 after purchasing an additional 4,574 shares during the period. Finally, Clear Creek Financial Management LLC purchased a new stake in Banco BBVA Argentina during the 4th quarter worth about $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.