Banco BBVA Argentina (NYSE:BBAR) Shares Down 5.9%

Banco BBVA Argentina S.A. (NYSE:BBAR)’s stock price traded down 5.9% during trading on Wednesday . The company traded as low as $8.79 and last traded at $8.85. 942,420 shares traded hands during trading, a decline of 7% from the average session volume of 1,011,335 shares. The stock had previously closed at $9.40.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Banco BBVA Argentina from a “hold” rating to a “buy” rating in a research report on Tuesday, March 12th.

Banco BBVA Argentina Stock Performance

The company’s fifty day moving average is $7.76 and its 200-day moving average is $5.95. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.25 and a current ratio of 1.25.

Banco BBVA Argentina (NYSE:BBAR) last issued its quarterly earnings data on Tuesday, March 5th. The bank reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.50. The company had revenue of $2.67 billion for the quarter, compared to analyst estimates of $592.18 million. Banco BBVA Argentina had a net margin of 4.55% and a return on equity of 11.32%. During the same period last year, the company posted $0.53 earnings per share. Sell-side analysts anticipate that Banco BBVA Argentina S.A. will post 1.48 earnings per share for the current fiscal year.

Banco BBVA Argentina Increases Dividend

The firm also recently disclosed a — dividend, which was paid on Tuesday, March 19th. Investors of record on Friday, January 1st were issued a dividend of $0.1131 per share. This is a positive change from Banco BBVA Argentina’s previous — dividend of $0.06. The ex-dividend date was Friday, March 8th. Banco BBVA Argentina’s dividend payout ratio (DPR) is presently 4.55%.

Institutional Investors Weigh In On Banco BBVA Argentina

Several institutional investors have recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Banco BBVA Argentina by 30.1% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 18,152 shares of the bank’s stock valued at $94,000 after acquiring an additional 4,197 shares in the last quarter. Autonomy Capital Jersey L.P. boosted its stake in Banco BBVA Argentina by 100.0% in the third quarter. Autonomy Capital Jersey L.P. now owns 40,000 shares of the bank’s stock valued at $166,000 after acquiring an additional 20,000 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Banco BBVA Argentina by 14.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 259,340 shares of the bank’s stock valued at $1,076,000 after acquiring an additional 32,262 shares in the last quarter. Axxcess Wealth Management LLC acquired a new stake in shares of Banco BBVA Argentina during the third quarter worth $150,000. Finally, Jump Financial LLC lifted its stake in shares of Banco BBVA Argentina by 58.9% during the fourth quarter. Jump Financial LLC now owns 152,778 shares of the bank’s stock worth $831,000 after buying an additional 56,622 shares during the period.

About Banco BBVA Argentina

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 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.