GSA Capital Partners LLP Makes New Investment in Banco BBVA Argentina S.A. (NYSE:BBAR)

GSA Capital Partners LLP acquired a new stake in Banco BBVA Argentina S.A. (NYSE:BBAR) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 22,845 shares of the bank’s stock, valued at approximately $237,000.

Other institutional investors also recently modified their holdings of the company. Truist Financial Corp acquired a new stake in shares of Banco BBVA Argentina in the 2nd quarter worth about $167,000. SG Americas Securities LLC purchased a new stake in shares of Banco BBVA Argentina in the third quarter worth approximately $246,000. Deltec Asset Management LLC bought a new position in shares of Banco BBVA Argentina in the third quarter valued at approximately $334,000. NorthRock Partners LLC purchased a new position in shares of Banco BBVA Argentina during the third quarter valued at approximately $363,000. Finally, Virtu Financial LLC bought a new stake in Banco BBVA Argentina during the first quarter worth $413,000.

Banco BBVA Argentina Price Performance

Shares of BBAR opened at $16.55 on Friday. The stock has a 50 day moving average of $13.05 and a 200 day moving average of $10.97. The company has a quick ratio of 0.90, a current ratio of 0.99 and a debt-to-equity ratio of 0.09. Banco BBVA Argentina S.A. has a 12 month low of $4.46 and a 12 month high of $18.24.

Banco BBVA Argentina (NYSE:BBAR) last posted its quarterly earnings data on Wednesday, August 21st. The bank reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 6.09% and a return on equity of 12.21%. As a group, analysts expect that Banco BBVA Argentina S.A. will post 1.88 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.