ABS Direct Equity Fund LLC Makes New $408,000 Investment in Banco BBVA Argentina S.A. (NYSE:BBAR)

ABS Direct Equity Fund LLC acquired a new stake in Banco BBVA Argentina S.A. (NYSE:BBAR) in the 4th quarter, Holdings Channel reports. The firm acquired 21,417 shares of the bank’s stock, valued at approximately $408,000.

Other institutional investors also recently modified their holdings of the company. TT International Asset Management LTD acquired a new stake in Banco BBVA Argentina in the fourth quarter worth $3,261,000. Redhawk Wealth Advisors Inc. bought a new position in shares of Banco BBVA Argentina during the 4th quarter worth about $743,000. GSA Capital Partners LLP acquired a new stake in shares of Banco BBVA Argentina in the 3rd quarter valued at about $237,000. GAMMA Investing LLC increased its position in Banco BBVA Argentina by 123.8% in the 4th quarter. GAMMA Investing LLC now owns 4,171 shares of the bank’s stock valued at $79,000 after buying an additional 2,307 shares in the last quarter. Finally, Truist Financial Corp acquired a new position in Banco BBVA Argentina during the 2nd quarter worth approximately $167,000.

Banco BBVA Argentina Trading Down 6.0 %

BBAR opened at $21.19 on Tuesday. Banco BBVA Argentina S.A. has a fifty-two week low of $5.01 and a fifty-two week high of $25.01. The firm has a market capitalization of $4.33 billion, a PE ratio of 11.04 and a beta of 1.42. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.99 and a quick ratio of 0.99. The company’s 50-day moving average is $19.46 and its 200 day moving average is $14.07.

Banco BBVA Argentina (NYSE:BBAR) last posted its earnings results on Wednesday, November 20th. The bank reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.07. Banco BBVA Argentina had a return on equity of 12.21% and a net margin of 6.09%. During the same period last year, the firm earned $0.15 EPS. As a group, research analysts predict that Banco BBVA Argentina S.A. will post 1.94 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on BBAR shares. Morgan Stanley upgraded Banco BBVA Argentina from an “underweight” rating to an “overweight” rating and set a $27.00 price objective for the company in a report on Monday, December 16th. StockNews.com lowered shares of Banco BBVA Argentina from a “buy” rating to a “hold” rating in a research note on Tuesday, December 24th.

Banco BBVA Argentina 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.