Banco BBVA Argentina S.A. (NYSE:BBAR) Short Interest Up 16.1% in July

Banco BBVA Argentina S.A. (NYSE:BBAR) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totalling 2,090,000 shares, a growth of 16.1% from the June 30th total of 1,800,000 shares. Based on an average trading volume of 928,300 shares, the days-to-cover ratio is currently 2.3 days.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Banco BBVA Argentina from a “buy” rating to a “hold” rating in a report on Thursday, May 16th.

Institutional Investors Weigh In On Banco BBVA Argentina

A number of large investors have recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Banco BBVA Argentina by 30.1% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 18,152 shares of the bank’s stock worth $94,000 after purchasing an additional 4,197 shares during the period. Quantbot Technologies LP raised its position in Banco BBVA Argentina by 239.7% in the first quarter. Quantbot Technologies LP now owns 27,918 shares of the bank’s stock worth $237,000 after acquiring an additional 19,700 shares during the period. Virtu Financial LLC purchased a new position in shares of Banco BBVA Argentina during the 1st quarter worth $413,000. Rokos Capital Management LLP bought a new stake in shares of Banco BBVA Argentina during the 1st quarter valued at $501,000. Finally, Jump Financial LLC increased its stake in shares of Banco BBVA Argentina by 58.9% in the 4th quarter. Jump Financial LLC now owns 152,778 shares of the bank’s stock worth $831,000 after purchasing an additional 56,622 shares in the last quarter.

Banco BBVA Argentina Stock Up 0.4 %

NYSE BBAR opened at $8.57 on Wednesday. Banco BBVA Argentina has a one year low of $3.78 and a one year high of $11.87. The stock has a 50-day moving average of $9.56 and a 200 day moving average of $8.40. The company has a current ratio of 0.82, a quick ratio of 1.25 and a debt-to-equity ratio of 0.02.

Banco BBVA Argentina (NYSE:BBAR) last released its quarterly earnings data on Wednesday, May 22nd. The bank reported $0.20 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.05). Banco BBVA Argentina had a return on equity of 10.04% and a net margin of 4.00%. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $684.47 million. As a group, analysts forecast that Banco BBVA Argentina will post 1.48 EPS for the current fiscal year.

Banco BBVA Argentina Increases Dividend

The firm also recently disclosed a — dividend, which will be paid on Friday, August 9th. Investors of record on Friday, August 2nd will be issued a $0.5134 dividend. This is an increase from Banco BBVA Argentina’s previous — dividend of $0.11. The ex-dividend date is Friday, August 2nd. Banco BBVA Argentina’s dividend payout ratio (DPR) is presently 63.29%.

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.