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

Banco BBVA Argentina S.A. (NYSE:BBAR) shares 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.

Analyst Ratings Changes

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

Banco BBVA Argentina Stock Down 1.0 %

The company has a debt-to-equity ratio of 0.02, a current ratio of 0.82 and a quick ratio of 1.25. The firm has a 50-day moving average price of $10.17 and a 200 day moving average price of $8.06.

Banco BBVA Argentina (NYSE:BBAR) last announced its quarterly earnings results on Wednesday, May 22nd. The bank reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.05). The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $684.47 million. Banco BBVA Argentina had a return on equity of 10.04% and a net margin of 4.00%. Equities analysts expect that Banco BBVA Argentina S.A. will post 1.48 earnings per share for the current year.

Banco BBVA Argentina Announces Dividend

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

Institutional Trading of Banco BBVA Argentina

Several hedge funds have recently added to or reduced their stakes in the business. Mitsubishi UFJ Asset Management Co. Ltd. increased its position 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 valued at $94,000 after purchasing an additional 4,197 shares during the period. Quantbot Technologies LP increased its position 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 valued at $237,000 after purchasing an additional 19,700 shares during the period. Virtu Financial LLC acquired a new position in shares of Banco BBVA Argentina during the 1st quarter valued at $413,000. Rokos Capital Management LLP acquired a new position in shares of Banco BBVA Argentina during the 1st quarter valued at $501,000. Finally, Jump Financial LLC increased its position 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 valued at $831,000 after purchasing an additional 56,622 shares during the period.

About Banco BBVA Argentina

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.