Banco BBVA Argentina (NYSE:BBAR) Hits New 12-Month High – Here’s What Happened

Banco BBVA Argentina S.A. (NYSE:BBAR) reached a new 52-week high during trading on Wednesday . The stock traded as high as $14.53 and last traded at $14.31, with a volume of 6367 shares traded. The stock had previously closed at $14.10.

Wall Street Analyst Weigh In

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

Banco BBVA Argentina Stock Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 0.90 and a quick ratio of 0.90. The stock’s 50-day moving average is $11.84 and its two-hundred day moving average is $10.46.

Banco BBVA Argentina (NYSE:BBAR) last issued its quarterly earnings results on Wednesday, August 21st. The bank reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.35. Banco BBVA Argentina had a return on equity of 9.98% and a net margin of 4.23%. The firm had revenue of $892.11 million for the quarter, compared to the consensus estimate of $599.49 million. Sell-side analysts expect that Banco BBVA Argentina S.A. will post 1.88 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Truist Financial Corp bought a new position in Banco BBVA Argentina in the second quarter worth approximately $167,000. GSA Capital Partners LLP bought a new position in shares of Banco BBVA Argentina during the 3rd quarter worth $237,000. SG Americas Securities LLC purchased a new position in shares of Banco BBVA Argentina during the third quarter valued at $246,000. Quantbot Technologies LP raised its holdings in shares of Banco BBVA Argentina by 239.7% in the first quarter. Quantbot Technologies LP now owns 27,918 shares of the bank’s stock valued at $237,000 after acquiring an additional 19,700 shares in the last quarter. Finally, Deltec Asset Management LLC purchased a new stake in Banco BBVA Argentina in the third quarter worth about $334,000.

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.