Banco BBVA Argentina (NYSE:BBAR) Reaches New 1-Year High – Still a Buy?

Banco BBVA Argentina S.A. (NYSE:BBAR) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $14.53 and last traded at $14.31, with a volume of 6367 shares trading hands. The stock had previously closed at $14.10.

Analyst Upgrades and Downgrades

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

Banco BBVA Argentina Price Performance

The company has a 50-day moving average price of $11.84 and a 200 day moving average price of $10.46. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.90 and a quick ratio of 0.90.

Banco BBVA Argentina (NYSE:BBAR) last announced its earnings results on Wednesday, August 21st. The bank reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.35. Banco BBVA Argentina had a net margin of 4.23% and a return on equity of 9.98%. The business had revenue of $892.11 million during the quarter, compared to the consensus estimate of $599.49 million. Research analysts expect that Banco BBVA Argentina S.A. will post 1.88 earnings per share for the current year.

Institutional Investors Weigh In On Banco BBVA Argentina

Several institutional investors have recently bought and sold shares of BBAR. Truist Financial Corp acquired a new position in shares of Banco BBVA Argentina during the second quarter worth $167,000. GSA Capital Partners LLP purchased a new position in Banco BBVA Argentina during the 3rd quarter worth $237,000. SG Americas Securities LLC acquired a new position in Banco BBVA Argentina during the 3rd quarter valued at about $246,000. Quantbot Technologies LP raised its stake in Banco BBVA Argentina by 239.7% in the first quarter. Quantbot Technologies LP now owns 27,918 shares of the bank’s stock valued at $237,000 after buying an additional 19,700 shares during the last quarter. Finally, Deltec Asset Management LLC acquired a new stake in Banco BBVA Argentina in the third quarter worth about $334,000.

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.