Banco BBVA Argentina (NYSE:BBAR) Shares Gap Down – Should You Sell?

Shares of Banco BBVA Argentina S.A. (NYSE:BBAR) gapped down before the market opened on Tuesday . The stock had previously closed at $20.27, but opened at $18.75. Banco BBVA Argentina shares last traded at $19.34, with a volume of 309,374 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Morgan Stanley raised shares of Banco BBVA Argentina from an “underweight” rating to an “overweight” rating and set a $27.00 target price on the stock in a research note on Monday, December 16th. StockNews.com cut Banco BBVA Argentina from a “buy” rating to a “hold” rating in a research note on Tuesday, December 24th.

Banco BBVA Argentina Price Performance

The company has a market cap of $4.14 billion, a PE ratio of 10.56 and a beta of 1.41. The business’s 50 day moving average price is $20.83 and its 200-day moving average price is $15.47. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.09.

Banco BBVA Argentina (NYSE:BBAR) last released its quarterly earnings results on Wednesday, November 20th. The bank reported $0.52 earnings per share (EPS) 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 prior year, the business posted $0.15 EPS. As a group, analysts forecast that Banco BBVA Argentina S.A. will post 1.94 earnings per share for the current year.

Institutional Investors Weigh In On Banco BBVA Argentina

Several institutional investors and hedge funds have recently bought and sold shares of the business. Blue Trust Inc. grew its holdings in shares of Banco BBVA Argentina by 38.0% during the fourth quarter. Blue Trust Inc. now owns 2,488 shares of the bank’s stock valued at $47,000 after purchasing an additional 685 shares during the last quarter. GAMMA Investing LLC grew its stake in Banco BBVA Argentina by 123.8% during the 4th quarter. GAMMA Investing LLC now owns 4,171 shares of the bank’s stock worth $79,000 after buying an additional 2,307 shares during the last quarter. Clear Creek Financial Management LLC bought a new position in Banco BBVA Argentina during the 4th quarter worth $236,000. XTX Topco Ltd acquired a new stake in Banco BBVA Argentina in the third quarter worth $136,000. Finally, NewEdge Advisors LLC lifted its stake in Banco BBVA Argentina by 1,332.9% in the fourth quarter. NewEdge Advisors LLC now owns 14,759 shares of the bank’s stock valued at $281,000 after buying an additional 13,729 shares during the last quarter.

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.