Banco BBVA Argentina (NYSE:BBAR) Downgraded by StockNews.com to Hold

StockNews.com downgraded shares of Banco BBVA Argentina (NYSE:BBAR) from a buy rating to a hold rating in a report issued on Thursday morning.

Banco BBVA Argentina Stock Performance

NYSE:BBAR opened at $15.37 on Thursday. Banco BBVA Argentina has a 52 week low of $4.09 and a 52 week high of $16.12. 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 firm has a 50 day moving average of $11.94 and a 200 day moving average of $10.50.

Banco BBVA Argentina (NYSE:BBAR) last issued its quarterly earnings data on Wednesday, August 21st. The bank reported $0.61 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $599.49 million. As a group, research analysts predict that Banco BBVA Argentina will post 1.88 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Banco BBVA Argentina

Several hedge funds have recently modified their holdings of BBAR. Truist Financial Corp acquired a new stake in Banco BBVA Argentina in the 2nd quarter worth approximately $167,000. GSA Capital Partners LLP purchased a new position in shares of Banco BBVA Argentina in the third quarter worth $237,000. SG Americas Securities LLC acquired a new stake in shares of Banco BBVA Argentina during the third quarter worth $246,000. Quantbot Technologies LP grew its holdings in shares of Banco BBVA Argentina by 239.7% during the first quarter. Quantbot Technologies LP now owns 27,918 shares of the bank’s stock valued at $237,000 after buying an additional 19,700 shares during the last quarter. Finally, Deltec Asset Management LLC purchased a new stake in shares of Banco BBVA Argentina during the third quarter valued at $334,000.

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.