Banco BBVA Argentina (NYSE:BBAR) Stock Price Down 5.9%

Banco BBVA Argentina S.A. (NYSE:BBAR) was down 5.9% during trading on Wednesday . The company traded as low as $8.79 and last traded at $8.85. Approximately 942,420 shares changed hands during trading, a decline of 7% from the average daily volume of 1,011,335 shares. The stock had previously closed at $9.40.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Banco BBVA Argentina from a “hold” rating to a “buy” rating in a research report on Tuesday, March 12th.

Banco BBVA Argentina Stock Performance

The stock has a market capitalization of $1.81 billion, a P/E ratio of 5.03 and a beta of 1.58. The company’s 50-day moving average is $7.63 and its two-hundred day moving average is $5.91. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.01.

Banco BBVA Argentina (NYSE:BBAR) last released its earnings results on Tuesday, March 5th. The bank reported $0.59 EPS for the quarter, beating the consensus estimate of $0.09 by $0.50. The firm had revenue of $2.67 billion for the quarter, compared to analysts’ expectations of $592.18 million. Banco BBVA Argentina had a net margin of 4.55% and a return on equity of 11.32%. During the same quarter last year, the company earned $0.53 EPS. As a group, sell-side analysts anticipate that Banco BBVA Argentina S.A. will post 1.48 EPS for the current fiscal year.

Banco BBVA Argentina Increases Dividend

The company also recently announced a — dividend, which was paid on Tuesday, March 19th. Stockholders of record on Friday, January 1st were given a $0.1131 dividend. This is an increase from Banco BBVA Argentina’s previous — dividend of $0.06. The ex-dividend date of this dividend was Friday, March 8th. Banco BBVA Argentina’s dividend payout ratio (DPR) is 4.55%.

Institutional Trading of Banco BBVA Argentina

Institutional investors have recently added to or reduced their stakes in the business. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Banco BBVA Argentina by 30.1% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 18,152 shares of the bank’s stock valued at $94,000 after acquiring an additional 4,197 shares during the last quarter. Axxcess Wealth Management LLC bought a new position in shares of Banco BBVA Argentina in the third quarter valued at approximately $150,000. Autonomy Capital Jersey L.P. raised its position in shares of Banco BBVA Argentina by 100.0% in the third quarter. Autonomy Capital Jersey L.P. now owns 40,000 shares of the bank’s stock valued at $166,000 after purchasing an additional 20,000 shares during the period. Jump Financial LLC raised its position in shares of Banco BBVA Argentina by 58.9% in the fourth quarter. Jump Financial LLC now owns 152,778 shares of the bank’s stock valued at $831,000 after purchasing an additional 56,622 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of Banco BBVA Argentina by 14.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 259,340 shares of the bank’s stock valued at $1,076,000 after purchasing an additional 32,262 shares during the period.

About Banco BBVA Argentina

Banco BBVA Argentina SA provides various banking products and services to individuals and companies in Argentina. It provides retail banking products and services, such as checking and savings accounts, time deposits, credit cards, 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.