Banco BBVA Argentina S.A. (NYSE:BBAR - Get Free Report)'s stock price rose 6.7% during trading on Thursday . The stock traded as high as $12.14 and last traded at $12.09. Approximately 556,601 shares changed hands during mid-day trading, a decline of 36% from the average daily volume of 872,245 shares. The stock had previously closed at $11.33.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded shares of Banco BBVA Argentina from a "hold" rating to a "buy" rating in a research note on Monday, September 2nd.
Read Our Latest Research Report on Banco BBVA Argentina
Banco BBVA Argentina Price Performance
The firm has a 50-day simple moving average of $10.98 and a 200-day simple moving average of $10.07. The firm has a market cap of $2.53 billion, a P/E ratio of 7.83 and a beta of 1.50. The company has a current ratio of 0.91, a quick ratio of 0.82 and a debt-to-equity ratio of 0.03.
Banco BBVA Argentina (NYSE:BBAR - Get Free Report) last issued its quarterly earnings data on Wednesday, August 21st. The bank reported $0.61 earnings per share for the quarter, beating analysts' consensus estimates of $0.26 by $0.35. The company had revenue of $892.11 million for the quarter, compared to the consensus estimate of $599.49 million. Banco BBVA Argentina had a return on equity of 9.98% and a net margin of 4.23%. As a group, analysts forecast that Banco BBVA Argentina S.A. will post 1.88 EPS for the current year.
Institutional Investors Weigh In On Banco BBVA Argentina
Institutional investors have recently bought and sold shares of the company. Truist Financial Corp purchased a new stake in shares of Banco BBVA Argentina during the 2nd quarter valued at $167,000. SG Americas Securities LLC purchased a new stake in Banco BBVA Argentina in the third quarter valued at about $246,000. Quantbot Technologies LP boosted its holdings in Banco BBVA Argentina by 239.7% in the first quarter. Quantbot Technologies LP now owns 27,918 shares of the bank's stock worth $237,000 after acquiring an additional 19,700 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Banco BBVA Argentina during the first quarter worth about $413,000. Finally, Rokos Capital Management LLP purchased a new stake in shares of Banco BBVA Argentina during the first quarter worth about $501,000.
Banco BBVA Argentina Company Profile
(
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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.
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