Banco BBVA Argentina S.A. (NYSE:BBAR) Short Interest Update

Banco BBVA Argentina S.A. (NYSE:BBAR) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 2,270,000 shares, an increase of 6.6% from the May 31st total of 2,130,000 shares. Based on an average daily volume of 1,060,000 shares, the short-interest ratio is presently 2.1 days.

Banco BBVA Argentina Price Performance

Shares of NYSE BBAR opened at $8.85 on Wednesday. The firm’s fifty day moving average is $10.20 and its 200 day moving average is $7.88. The company has a quick ratio of 1.25, a current ratio of 0.82 and a debt-to-equity ratio of 0.02. Banco BBVA Argentina has a 52 week low of $3.78 and a 52 week high of $11.87.

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

Banco BBVA Argentina Dividend Announcement

The business also recently disclosed a Variable dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 10th were issued a $0.446 dividend. The ex-dividend date was Monday, June 10th. Banco BBVA Argentina’s dividend payout ratio (DPR) is presently 33.54%.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Banco BBVA Argentina by 30.1% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 18,152 shares of the bank’s stock valued at $94,000 after purchasing an additional 4,197 shares in the last quarter. Quantbot Technologies LP increased its stake in shares of Banco BBVA Argentina by 239.7% in the 1st quarter. Quantbot Technologies LP now owns 27,918 shares of the bank’s stock worth $237,000 after acquiring an additional 19,700 shares in the last quarter. Axxcess Wealth Management LLC purchased a new position in Banco BBVA Argentina during the 3rd quarter valued at about $150,000. Autonomy Capital Jersey L.P. grew its holdings 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 worth $166,000 after purchasing an additional 20,000 shares during the period. Finally, Virtu Financial LLC purchased a new position in shares of Banco BBVA Argentina during the first quarter valued at approximately $413,000.

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.