Banco BBVA Argentina (NYSE:BBAR) Downgraded by StockNews.com to Hold

StockNews.com downgraded shares of Banco BBVA Argentina (NYSE:BBARGet Rating) from a buy rating to a hold rating in a research note released on Monday.

Banco BBVA Argentina Price Performance

Banco BBVA Argentina stock opened at $3.32 on Monday. Banco BBVA Argentina has a 52-week low of $2.03 and a 52-week high of $4.48. The firm has a market capitalization of $678.07 million, a price-to-earnings ratio of 2.63 and a beta of 1.39. The company has a fifty day simple moving average of $2.80 and a 200-day simple moving average of $2.94. The company has a quick ratio of 0.76, a current ratio of 0.72 and a debt-to-equity ratio of 0.09.

Banco BBVA Argentina Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Monday, September 26th will be given a dividend of $0.0191 per share. The ex-dividend date is Friday, September 23rd. This represents a $0.23 annualized dividend and a dividend yield of 6.89%. Banco BBVA Argentina’s dividend payout ratio is presently 17.46%.

Institutional Trading of Banco BBVA Argentina

Several hedge funds have recently made changes to their positions in the business. Bank of America Corp DE increased its stake in Banco BBVA Argentina by 318.6% in the first quarter. Bank of America Corp DE now owns 7,259 shares of the bank’s stock valued at $26,000 after purchasing an additional 5,525 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Banco BBVA Argentina by 53,648.5% during the first quarter. JPMorgan Chase & Co. now owns 17,737 shares of the bank’s stock worth $63,000 after purchasing an additional 17,704 shares during the period. Cubist Systematic Strategies LLC lifted its holdings in shares of Banco BBVA Argentina by 133.6% during the second quarter. Cubist Systematic Strategies LLC now owns 39,153 shares of the bank’s stock worth $94,000 after purchasing an additional 22,389 shares during the period. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Banco BBVA Argentina by 104.1% during the first quarter. Mercer Global Advisors Inc. ADV now owns 34,784 shares of the bank’s stock worth $123,000 after purchasing an additional 17,740 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Banco BBVA Argentina by 290.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 74,982 shares of the bank’s stock worth $236,000 after purchasing an additional 55,770 shares during the period. Institutional investors and hedge funds own 2.03% of the company’s stock.

About Banco BBVA Argentina

(Get Rating)

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 secured 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.

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