Banco BBVA Argentina S.A. (NYSE:BBAR – Get Free Report) traded down 4.6% during mid-day trading on Monday . The stock traded as low as $10.30 and last traded at $10.42. 205,546 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 906,907 shares. The stock had previously closed at $10.92.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised shares of Banco BBVA Argentina from a “hold” rating to a “buy” rating in a research note on Monday, September 2nd.
Read Our Latest Stock Report on Banco BBVA Argentina
Banco BBVA Argentina Trading Down 5.1 %
Banco BBVA Argentina (NYSE:BBAR – Get Free Report) last announced its quarterly earnings data on Wednesday, August 21st. The bank reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.35. The business had revenue of $892.11 million during the quarter, compared to the consensus estimate of $599.49 million. Banco BBVA Argentina had a net margin of 4.23% and a return on equity of 9.98%. As a group, research analysts predict that Banco BBVA Argentina S.A. will post 1.88 earnings per share for the current fiscal year.
Banco BBVA Argentina Increases Dividend
The business also recently announced a — dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, August 2nd were given a dividend of $0.5134 per share. The ex-dividend date was Friday, August 2nd. This is a positive change from Banco BBVA Argentina’s previous — dividend of $0.11. Banco BBVA Argentina’s dividend payout ratio (DPR) is 90.51%.
Hedge Funds Weigh In On Banco BBVA Argentina
A number of institutional investors have recently modified their holdings of the stock. Truist Financial Corp bought a new position in shares of Banco BBVA Argentina during the second quarter valued at approximately $167,000. Quantbot Technologies LP lifted its holdings in Banco BBVA Argentina by 239.7% during the first quarter. Quantbot Technologies LP now owns 27,918 shares of the bank’s stock worth $237,000 after buying an additional 19,700 shares during the period. Virtu Financial LLC bought a new stake in Banco BBVA Argentina during the 1st quarter valued at $413,000. Rokos Capital Management LLP purchased a new position in shares of Banco BBVA Argentina in the 1st quarter valued at $501,000. Finally, Ping Capital Management Inc. bought a new position in shares of Banco BBVA Argentina in the 2nd quarter worth $11,293,000.
Banco BBVA Argentina Company Profile
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.
See Also
- Five stocks we like better than Banco BBVA Argentina
- Why is the Ex-Dividend Date Significant to Investors?
- TJX Stock: A Buying Opportunity Before the Holiday Rush
- There Are Different Types of Stock To Invest In
- Micron’s Blowout Results Pave the Way for Seagate’s Stock Surge
- Trading Stocks: RSI and Why it’s Useful
- Zeta Global’s AI Cloud: Your Secret Weapon for Massive Growth
Receive News & Ratings for Banco BBVA Argentina Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco BBVA Argentina and related companies with MarketBeat.com's FREE daily email newsletter.