BBVA Banco Frances (BFR) Trading Up 8.2%

BBVA Banco Frances S.A. (NYSE:BFR)’s share price was up 8.2% during trading on Thursday . The stock traded as high as $11.97 and last traded at $11.87. Approximately 901,884 shares were traded during mid-day trading, an increase of 93% from the average daily volume of 468,345 shares. The stock had previously closed at $10.97.

Several equities analysts recently commented on BFR shares. TheStreet lowered BBVA Banco Frances from a “b-” rating to a “c-” rating in a report on Thursday, July 26th. Zacks Investment Research raised BBVA Banco Frances from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 14th. Santander lowered BBVA Banco Frances from a “buy” rating to a “hold” rating in a report on Tuesday, August 7th. Finally, ValuEngine raised BBVA Banco Frances from a “strong sell” rating to a “sell” rating in a report on Thursday. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company’s stock. BBVA Banco Frances currently has a consensus rating of “Hold” and a consensus target price of $30.00.

The firm has a market capitalization of $2.55 billion, a PE ratio of 10.97 and a beta of 0.46. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.22.

BBVA Banco Frances (NYSE:BFR) last issued its quarterly earnings data on Thursday, August 23rd. The bank reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.11. On average, analysts predict that BBVA Banco Frances S.A. will post 1.23 earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of BFR. Exane Derivatives grew its holdings in shares of BBVA Banco Frances by 870,900.0% during the second quarter. Exane Derivatives now owns 8,710 shares of the bank’s stock worth $109,000 after purchasing an additional 8,709 shares during the last quarter. UBS Group AG purchased a new position in shares of BBVA Banco Frances during the first quarter worth about $109,000. Engineers Gate Manager LP purchased a new position in shares of BBVA Banco Frances during the second quarter worth about $148,000. Itau Unibanco Holding S.A. purchased a new position in shares of BBVA Banco Frances during the second quarter worth about $346,000. Finally, Quantitative Systematic Strategies LLC purchased a new position in shares of BBVA Banco Frances during the second quarter worth about $363,000. 15.60% of the stock is currently owned by institutional investors.

BBVA Banco Frances Company Profile (NYSE:BFR)

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.

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