Banco BBVA Argentina (NYSE:BBAR) Shares Cross Above 200-Day Moving Average of $8.02

Banco BBVA Argentina S.A. (NYSE:BBAR)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $8.02 and traded as high as $9.86. Banco BBVA Argentina shares last traded at $9.72, with a volume of 726,873 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Banco BBVA Argentina from a “buy” rating to a “hold” rating in a research note on Thursday, May 16th.

Banco BBVA Argentina Price Performance

The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.25 and a current ratio of 0.82. The company has a 50 day moving average price of $10.17 and a two-hundred day moving average price of $8.06.

Banco BBVA Argentina (NYSE:BBAR) last posted its quarterly earnings data on Wednesday, May 22nd. The bank reported $0.20 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.05). Banco BBVA Argentina had a net margin of 4.00% and a return on equity of 10.04%. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $684.47 million. On average, sell-side analysts forecast that Banco BBVA Argentina S.A. will post 1.48 earnings per share for the current fiscal year.

Banco BBVA Argentina Announces Dividend

The company also recently disclosed a Variable dividend, which will be paid on Monday, July 22nd. Investors of record on Monday, July 15th will be paid a $0.4713 dividend. The ex-dividend date of this dividend is Monday, July 15th. Banco BBVA Argentina’s dividend payout ratio is currently 33.54%.

Institutional Trading of Banco BBVA Argentina

A number of hedge funds and other institutional investors have recently modified their holdings of BBAR. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Banco BBVA Argentina by 30.1% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 18,152 shares of the bank’s stock worth $94,000 after purchasing an additional 4,197 shares during the period. Quantbot Technologies LP grew its holdings in shares of Banco BBVA Argentina by 239.7% during the 1st quarter. Quantbot Technologies LP now owns 27,918 shares of the bank’s stock worth $237,000 after purchasing an additional 19,700 shares during the period. Virtu Financial LLC purchased a new position in shares of Banco BBVA Argentina during the 1st quarter worth $413,000. Jump Financial LLC grew its holdings in shares of Banco BBVA Argentina by 58.9% during the 4th quarter. Jump Financial LLC now owns 152,778 shares of the bank’s stock worth $831,000 after purchasing an additional 56,622 shares during the period. Finally, Rokos Capital Management LLP purchased a new position in shares of Banco BBVA Argentina during the 1st quarter worth $501,000.

Banco BBVA Argentina Company Profile

Banco BBVA Argentina SA provides various banking products and services to individuals and companies in Argentina. It provides retail banking products and services, such as checking and savings accounts, time deposits, credit cards, 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.