Deltec Asset Management LLC Raises Holdings in Banco BBVA Argentina S.A. (NYSE:BBAR)

Deltec Asset Management LLC grew its holdings in Banco BBVA Argentina S.A. (NYSE:BBAR - Free Report) by 84.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 59,400 shares of the bank's stock after purchasing an additional 27,167 shares during the quarter. Deltec Asset Management LLC's holdings in Banco BBVA Argentina were worth $1,132,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Blue Trust Inc. increased its stake in shares of Banco BBVA Argentina by 91.2% during the fourth quarter. Blue Trust Inc. now owns 3,448 shares of the bank's stock worth $66,000 after buying an additional 1,645 shares during the period. GAMMA Investing LLC increased its position in shares of Banco BBVA Argentina by 123.8% in 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 last quarter. XTX Topco Ltd purchased a new stake in shares of Banco BBVA Argentina during the 3rd quarter worth $136,000. Truist Financial Corp acquired a new position in shares of Banco BBVA Argentina during the second quarter worth $167,000. Finally, Clear Creek Financial Management LLC purchased a new position in Banco BBVA Argentina in the fourth quarter valued at $236,000.

Banco BBVA Argentina Stock Performance

NYSE BBAR traded down $1.25 during trading hours on Friday, hitting $21.12. The company had a trading volume of 852,729 shares, compared to its average volume of 791,464. The business has a 50 day moving average of $20.36 and a 200-day moving average of $14.84. The company has a market cap of $4.31 billion, a PE ratio of 11.00 and a beta of 1.41. Banco BBVA Argentina S.A. has a 1-year low of $5.01 and a 1-year high of $25.01. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.99 and a current ratio of 0.99.

Banco BBVA Argentina (NYSE:BBAR - Get Free Report) last announced its earnings results on Wednesday, November 20th. The bank reported $0.52 earnings per share (EPS) 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 period in the previous year, the firm posted $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.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on BBAR shares. Morgan Stanley raised Banco BBVA Argentina from an "underweight" rating to an "overweight" rating and set a $27.00 price objective for the company in a research report on Monday, December 16th. StockNews.com lowered shares of Banco BBVA Argentina from a "buy" rating to a "hold" rating in a research note on Tuesday, December 24th.

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.