Banco BBVA Argentina (NYSE:BBAR) Shares Gap Down – Here’s Why

Banco BBVA Argentina S.A. (NYSE:BBAR) shares gapped down prior to trading on Tuesday . The stock had previously closed at $20.27, but opened at $18.75. Banco BBVA Argentina shares last traded at $19.34, with a volume of 309,374 shares changing hands.

Analysts Set New Price Targets

BBAR has been the topic of several research analyst reports. StockNews.com cut shares of Banco BBVA Argentina from a “buy” rating to a “hold” rating in a research note on Tuesday, December 24th. Morgan Stanley upgraded shares of Banco BBVA Argentina from an “underweight” rating to an “overweight” rating and set a $27.00 price objective on the stock in a research note on Monday, December 16th.

Banco BBVA Argentina Stock Up 2.1 %

The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market cap of $4.14 billion, a P/E ratio of 10.56 and a beta of 1.41. The stock has a 50 day moving average price of $20.83 and a 200 day moving average price of $15.47.

Banco BBVA Argentina (NYSE:BBAR) last issued its quarterly earnings results on Wednesday, November 20th. The bank reported $0.52 EPS for the quarter, topping the consensus estimate 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 period in the previous year, the firm earned $0.15 EPS. Research analysts expect that Banco BBVA Argentina S.A. will post 1.94 earnings per share for the current fiscal year.

Institutional Trading of Banco BBVA Argentina

A number of hedge funds and other institutional investors have recently made changes to their positions in BBAR. Deltec Asset Management LLC bought a new stake in Banco BBVA Argentina during the third quarter worth approximately $334,000. NorthRock Partners LLC bought a new stake in shares of Banco BBVA Argentina during the 3rd quarter worth $363,000. GSA Capital Partners LLP bought a new stake in shares of Banco BBVA Argentina during the 3rd quarter worth $237,000. Mirabella Financial Services LLP acquired a new position in shares of Banco BBVA Argentina in the 3rd quarter worth $1,155,000. Finally, Sagil Capital LLP acquired a new stake in shares of Banco BBVA Argentina during the third quarter worth $2,131,000.

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.