Banco BBVA Argentina (NYSE:BBAR) Reaches New 52-Week High – Should You Buy?

Banco BBVA Argentina S.A. (NYSE:BBAR) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $19.90 and last traded at $19.41, with a volume of 1562196 shares. The stock had previously closed at $17.22.

Wall Street Analyst Weigh In

BBAR has been the topic of several research analyst reports. StockNews.com raised Banco BBVA Argentina from a “hold” rating to a “buy” rating in a research report on Monday. Morgan Stanley upgraded shares of Banco BBVA Argentina from an “underweight” rating to an “overweight” rating and set a $27.00 price objective for the company in a research report on Monday.

Banco BBVA Argentina Stock Performance

The company has a quick ratio of 0.90, a current ratio of 0.99 and a debt-to-equity ratio of 0.09. The company has a market cap of $3.56 billion, a PE ratio of 9.07 and a beta of 1.49. The firm has a fifty day simple moving average of $15.21 and a 200-day simple moving average of $11.77.

Institutional Trading of Banco BBVA Argentina

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. XTX Topco Ltd purchased a new stake in shares of Banco BBVA Argentina during the third quarter worth approximately $136,000. Truist Financial Corp acquired a new position in Banco BBVA Argentina in the 2nd quarter valued at $167,000. GSA Capital Partners LLP purchased a new position in Banco BBVA Argentina during the 3rd quarter worth $237,000. SG Americas Securities LLC acquired a new stake in shares of Banco BBVA Argentina in the 3rd quarter worth $246,000. Finally, Channing Global Advisors LLC purchased a new stake in shares of Banco BBVA Argentina in the third quarter valued at about $247,000.

Banco BBVA Argentina Company Profile

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.