Banco BBVA Argentina (NYSE:BBAR) Shares Gap Down – Should You Sell?

Banco BBVA Argentina S.A. (NYSE:BBAR)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $19.02, but opened at $18.03. Banco BBVA Argentina shares last traded at $19.70, with a volume of 142,889 shares changing hands.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. StockNews.com downgraded Banco BBVA Argentina from a “buy” rating to a “hold” rating in a research report 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 for the company in a report on Monday, December 16th.

Banco BBVA Argentina Price Performance

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 firm has a fifty day simple moving average of $20.96 and a 200 day simple moving average of $16.13. The company has a market capitalization of $3.91 billion, a PE ratio of 9.97 and a beta of 1.41.

Hedge Funds Weigh In On Banco BBVA Argentina

Institutional investors have recently made changes to their positions in the company. NorthRock Partners LLC bought a new position in Banco BBVA Argentina during the 3rd quarter worth about $363,000. GSA Capital Partners LLP bought a new position in shares of Banco BBVA Argentina during the third quarter valued at approximately $237,000. Mirabella Financial Services LLP purchased a new position in Banco BBVA Argentina during the third quarter valued at approximately $1,155,000. Sagil Capital LLP bought a new position in Banco BBVA Argentina in the third quarter worth approximately $2,131,000. Finally, Quantbot Technologies LP lifted its holdings in Banco BBVA Argentina by 694.6% during the third quarter. Quantbot Technologies LP now owns 27,612 shares of the bank’s stock worth $286,000 after buying an additional 24,137 shares during the period.

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.