Banco BBVA Argentina (NYSE:BBAR) Shares Gap Up – What’s Next?

Banco BBVA Argentina S.A. (NYSE:BBAR) shares gapped up prior to trading on Friday . The stock had previously closed at $21.77, but opened at $22.64. Banco BBVA Argentina shares last traded at $21.95, with a volume of 285,469 shares traded.

Analyst Upgrades and Downgrades

BBAR has been the subject of several analyst reports. Morgan Stanley raised shares of Banco BBVA Argentina from an “underweight” rating to an “overweight” rating and set a $27.00 price target for the company in a report on Monday, December 16th. StockNews.com lowered Banco BBVA Argentina from a “buy” rating to a “hold” rating in a research report on Tuesday, December 24th.

Banco BBVA Argentina Stock Down 3.2 %

The stock has a market cap of $4.31 billion, a price-to-earnings ratio of 10.98 and a beta of 1.49. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.90 and a current ratio of 0.99. The firm’s 50-day simple moving average is $16.84 and its two-hundred day simple moving average is $12.44.

Institutional Investors Weigh In On Banco BBVA Argentina

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Ping Capital Management Inc. bought a new position in Banco BBVA Argentina during the 2nd quarter worth approximately $11,293,000. Fourth Sail Capital LP boosted its holdings in Banco BBVA Argentina by 74.6% during the second quarter. Fourth Sail Capital LP now owns 2,361,386 shares of the bank’s stock worth $21,843,000 after purchasing an additional 1,009,103 shares during the last quarter. PointState Capital LP lifted its position in Banco BBVA Argentina by 14.2% during the 3rd quarter. PointState Capital LP now owns 1,664,893 shares of the bank’s stock worth $17,265,000 after buying an additional 206,399 shares in the last quarter. Sagil Capital LLP acquired a new position in shares of Banco BBVA Argentina during the 3rd quarter worth about $2,131,000. Finally, Mirabella Financial Services LLP bought a new position in shares of Banco BBVA Argentina in the 3rd quarter valued at about $1,155,000.

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.