Deltec Asset Management LLC Has $1.13 Million Stock Holdings in Banco BBVA Argentina S.A. (NYSE:BBAR)

Deltec Asset Management LLC grew its stake in shares of Banco BBVA Argentina S.A. (NYSE:BBAR) by 84.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 59,400 shares of the bank’s stock after acquiring an additional 27,167 shares during the period. Deltec Asset Management LLC’s holdings in Banco BBVA Argentina were worth $1,132,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Truist Financial Corp purchased a new stake in shares of Banco BBVA Argentina during the 2nd quarter worth about $167,000. SG Americas Securities LLC bought a new stake in Banco BBVA Argentina in the third quarter worth approximately $246,000. NorthRock Partners LLC bought a new stake in shares of Banco BBVA Argentina during the 3rd quarter worth about $363,000. GSA Capital Partners LLP acquired a new position in shares of Banco BBVA Argentina during the 3rd quarter valued at about $237,000. Finally, Mirabella Financial Services LLP bought a new position in shares of Banco BBVA Argentina in the 3rd quarter valued at approximately $1,155,000.

Banco BBVA Argentina Trading Down 1.2 %

Shares of Banco BBVA Argentina stock opened at $21.25 on Wednesday. The company’s fifty day moving average price is $20.06 and its two-hundred day moving average price is $14.62. The firm has a market capitalization of $4.34 billion, a PE ratio of 11.07 and a beta of 1.41. Banco BBVA Argentina S.A. has a 52-week low of $5.01 and a 52-week high of $25.01. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.99 and a quick ratio of 0.99.

Banco BBVA Argentina (NYSE:BBAR) last announced its quarterly earnings results on Wednesday, November 20th. The bank reported $0.52 EPS for the quarter, topping analysts’ consensus estimates 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 previous year, the business earned $0.15 earnings per share. On average, analysts expect that Banco BBVA Argentina S.A. will post 1.94 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on BBAR shares. StockNews.com downgraded shares of Banco BBVA Argentina from a “buy” rating to a “hold” rating in a report on Tuesday, December 24th. Morgan Stanley raised 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.

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.