21,417 Shares in Banco BBVA Argentina S.A. (NYSE:BBAR) Bought by ABS Direct Equity Fund LLC

ABS Direct Equity Fund LLC acquired a new stake in Banco BBVA Argentina S.A. (NYSE:BBAR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 21,417 shares of the bank’s stock, valued at approximately $408,000.

A number of other large investors have also added to or reduced their stakes in BBAR. TT International Asset Management LTD bought a new position in shares of Banco BBVA Argentina during the fourth quarter worth approximately $3,261,000. Redhawk Wealth Advisors Inc. bought a new position in shares of Banco BBVA Argentina in the fourth quarter worth about $743,000. GSA Capital Partners LLP bought a new position in Banco BBVA Argentina in the 3rd quarter valued at approximately $237,000. GAMMA Investing LLC boosted its holdings in shares of Banco BBVA Argentina by 123.8% during the 4th quarter. GAMMA Investing LLC now owns 4,171 shares of the bank’s stock valued at $79,000 after acquiring an additional 2,307 shares in the last quarter. Finally, Truist Financial Corp acquired a new stake in shares of Banco BBVA Argentina during the second quarter valued at about $167,000.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BBAR. StockNews.com cut shares of Banco BBVA Argentina from a “buy” rating to a “hold” rating in a research report on Tuesday, December 24th. Morgan Stanley upgraded Banco BBVA Argentina from an “underweight” rating to an “overweight” rating and set a $27.00 price objective for the company in a report on Monday, December 16th.

Banco BBVA Argentina Stock Performance

Shares of BBAR stock opened at $21.19 on Tuesday. The stock has a market capitalization of $4.33 billion, a PE ratio of 11.04 and a beta of 1.42. The business’s 50 day simple moving average is $19.46 and its 200 day simple moving average is $14.07. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.99 and a quick ratio of 0.99. Banco BBVA Argentina S.A. has a one year low of $5.01 and a one year high of $25.01.

Banco BBVA Argentina (NYSE:BBAR) last posted its quarterly earnings data on Wednesday, November 20th. The bank reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.07. Banco BBVA Argentina had a net margin of 6.09% and a return on equity of 12.21%. During the same quarter in the previous year, the firm earned $0.15 earnings per share. As a group, research analysts forecast that Banco BBVA Argentina S.A. will post 1.94 earnings per share for the current year.

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.