Bank of Montreal Can Purchases Shares of 3,591,061 BBVA Banco Frances S.A. (BFR)

Bank of Montreal Can purchased a new position in BBVA Banco Frances S.A. (NYSE:BFR) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 3,591,061 shares of the bank’s stock, valued at approximately $44,386,000.

A number of other hedge funds also recently added to or reduced their stakes in BFR. UBS Group AG purchased a new position in BBVA Banco Frances in the 1st quarter worth approximately $109,000. Banco de Sabadell S.A purchased a new position in BBVA Banco Frances in the 1st quarter worth approximately $182,000. Quantbot Technologies LP purchased a new position in BBVA Banco Frances in the 1st quarter worth approximately $222,000. Amundi Pioneer Asset Management Inc. purchased a new position in BBVA Banco Frances in the 4th quarter worth approximately $307,000. Finally, Barings LLC purchased a new position in BBVA Banco Frances in the 1st quarter worth approximately $448,000. 17.81% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have recently issued reports on BFR shares. ValuEngine cut shares of BBVA Banco Frances from a “sell” rating to a “strong sell” rating in a research note on Monday, June 18th. Santander raised shares of BBVA Banco Frances from a “hold” rating to a “buy” rating in a research note on Friday, May 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $26.50.

Shares of BBVA Banco Frances opened at $13.47 on Friday, MarketBeat Ratings reports. BBVA Banco Frances S.A. has a 52-week low of $11.41 and a 52-week high of $27.45. The firm has a market capitalization of $2.69 billion, a PE ratio of 11.82 and a beta of 0.63. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.20 and a quick ratio of 1.20.

BBVA Banco Frances (NYSE:BFR) last announced its quarterly earnings data on Friday, June 1st. The bank reported $0.39 earnings per share (EPS) for the quarter. equities research analysts forecast that BBVA Banco Frances S.A. will post 1.44 EPS for the current year.

BBVA Banco Frances Profile

BBVA Banco Francés SA, together with its subsidiaries, provides financial services to small and medium enterprises, and individual customers in Spain, Mexico, South America, the United States, Turkey, and rest of Eurasia. The company offers current, checking, and savings accounts, as well as demand and time deposits.

Further Reading: Momentum Indicator: Relative Strength Index

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Institutional Ownership by Quarter for BBVA Banco Frances (NYSE:BFR)

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