Banco BBVA Argentina S.A. (NYSE:BBAR) Short Interest Up 16.0% in October

Banco BBVA Argentina S.A. (NYSE:BBAR) was the recipient of a large increase in short interest in October. As of October 31st, there was short interest totalling 1,960,000 shares, an increase of 16.0% from the October 15th total of 1,690,000 shares. Currently, 1.0% of the shares of the company are short sold. Based on an average daily trading volume, of 767,300 shares, the days-to-cover ratio is presently 2.6 days.

Banco BBVA Argentina Trading Up 1.3 %

NYSE:BBAR opened at $16.25 on Monday. Banco BBVA Argentina has a 1 year low of $4.15 and a 1 year high of $16.70. The stock’s fifty day moving average price is $12.45 and its two-hundred day moving average price is $10.75. 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 company has a market cap of $3.32 billion, a P/E ratio of 10.48 and a beta of 1.47.

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

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Banco BBVA Argentina from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of BBAR. Quantbot Technologies LP lifted its position in Banco BBVA Argentina by 239.7% during the first quarter. Quantbot Technologies LP now owns 27,918 shares of the bank’s stock valued at $237,000 after purchasing an additional 19,700 shares during the last quarter. Rokos Capital Management LLP bought a new stake in shares of Banco BBVA Argentina during the 1st quarter worth $501,000. Virtu Financial LLC purchased a new position in Banco BBVA Argentina in the first quarter worth $413,000. Ping Capital Management Inc. bought a new position in Banco BBVA Argentina in the second quarter valued at $11,293,000. Finally, Fourth Sail Capital LP raised its position in Banco BBVA Argentina by 74.6% during the second quarter. Fourth Sail Capital LP now owns 2,361,386 shares of the bank’s stock valued at $21,843,000 after purchasing an additional 1,009,103 shares in the last quarter.

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.