Banco BBVA Argentina (NYSE:BBAR) Sets New 12-Month High – Here’s Why

Banco BBVA Argentina S.A. (NYSE:BBAR) shares reached a new 52-week high on Monday . The stock traded as high as $17.43 and last traded at $17.42, with a volume of 274093 shares traded. The stock had previously closed at $16.25.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Banco BBVA Argentina from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th.

Banco BBVA Argentina Price Performance

The business’s 50-day moving average price is $12.45 and its 200 day moving average price is $10.75. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $3.61 billion, a P/E ratio of 11.44 and a beta of 1.47.

Banco BBVA Argentina (NYSE:BBAR) last announced its earnings results on Wednesday, August 21st. The bank reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.35. Banco BBVA Argentina had a net margin of 4.23% and a return on equity of 9.98%. The business had revenue of $892.11 million during the quarter, compared to analyst estimates of $599.49 million. Analysts anticipate that Banco BBVA Argentina S.A. will post 1.88 EPS for the current fiscal year.

Institutional Investors Weigh In On Banco BBVA Argentina

Several hedge funds have recently bought and sold shares of the stock. XTX Topco Ltd bought a new stake in shares of Banco BBVA Argentina in the 3rd quarter worth approximately $136,000. Point72 Asset Management L.P. boosted its stake in shares of Banco BBVA Argentina by 72.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 43,200 shares of the bank’s stock valued at $448,000 after purchasing an additional 18,200 shares in the last quarter. PointState Capital LP boosted its stake in shares of Banco BBVA Argentina by 14.2% in the 3rd quarter. PointState Capital LP now owns 1,664,893 shares of the bank’s stock valued at $17,265,000 after purchasing an additional 206,399 shares in the last quarter. Benjamin Edwards Inc. purchased a new stake in shares of Banco BBVA Argentina in the 3rd quarter valued at $293,000. Finally, Channing Global Advisors LLC purchased a new stake in shares of Banco BBVA Argentina in the 3rd quarter valued at $247,000.

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.