Banco BBVA Argentina (NYSE:BBAR) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Shares of Banco BBVA Argentina S.A. (NYSE:BBAR) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $16.44 and traded as high as $19.07. Banco BBVA Argentina shares last traded at $18.09, with a volume of 460,386 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on BBAR shares. StockNews.com lowered Banco BBVA Argentina from a “buy” rating to a “hold” rating in a research report on Tuesday, December 24th. Morgan Stanley raised shares of Banco BBVA Argentina from an “underweight” rating to an “overweight” rating and set a $27.00 price target for the company in a research note on Monday, December 16th.

Banco BBVA Argentina Price Performance

The company has a 50 day moving average price of $20.84 and a 200 day moving average price of $16.44. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $3.69 billion, a P/E ratio of 9.42 and a beta of 1.41.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BBAR. Blue Trust Inc. increased its holdings in Banco BBVA Argentina by 38.0% in the 4th quarter. Blue Trust Inc. now owns 2,488 shares of the bank’s stock valued at $47,000 after buying an additional 685 shares during the period. GAMMA Investing LLC boosted its position in shares of Banco BBVA Argentina by 123.8% during the 4th quarter. GAMMA Investing LLC now owns 4,171 shares of the bank’s stock worth $79,000 after acquiring an additional 2,307 shares in the last quarter. XTX Topco Ltd bought a new position in Banco BBVA Argentina in the third quarter valued at approximately $136,000. Clear Creek Financial Management LLC acquired a new position in Banco BBVA Argentina during the fourth quarter valued at approximately $236,000. Finally, GSA Capital Partners LLP bought a new stake in Banco BBVA Argentina during the third quarter worth $237,000.

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.