Banco BBVA Argentina (NYSE:BBAR) Reaches New 12-Month High – Here’s Why

Banco BBVA Argentina S.A. (NYSE:BBAR) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $14.53 and last traded at $14.31, with a volume of 6367 shares changing hands. The stock had previously closed at $14.10.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Banco BBVA Argentina from a “hold” rating to a “buy” rating in a report on Monday, September 2nd.

Banco BBVA Argentina Stock Up 6.0 %

The firm has a market capitalization of $3.05 billion, a price-to-earnings ratio of 9.10 and a beta of 1.47. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a fifty day moving average of $11.60 and a two-hundred day moving average of $10.38.

Banco BBVA Argentina (NYSE:BBAR) last posted its quarterly earnings data on Wednesday, August 21st. The bank reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.35. Banco BBVA Argentina had a return on equity of 9.98% and a net margin of 4.23%. The company had revenue of $892.11 million for the quarter, compared to analyst estimates of $599.49 million. Sell-side analysts anticipate that Banco BBVA Argentina S.A. will post 1.88 earnings per share for the current year.

Hedge Funds Weigh In On Banco BBVA Argentina

Hedge funds and other institutional investors have recently bought and sold shares of the company. GSA Capital Partners LLP bought a new position in shares of Banco BBVA Argentina in the 3rd quarter worth about $237,000. NorthRock Partners LLC bought a new stake in Banco BBVA Argentina in the third quarter worth approximately $363,000. Deltec Asset Management LLC acquired a new position in Banco BBVA Argentina in the third quarter valued at approximately $334,000. SG Americas Securities LLC bought a new position in shares of Banco BBVA Argentina during the 3rd quarter worth approximately $246,000. Finally, Truist Financial Corp bought a new stake in shares of Banco BBVA Argentina in the 2nd quarter valued at $167,000.

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.