Banco BBVA Argentina (NYSE:BBAR) Downgraded by StockNews.com to Hold

StockNews.com cut shares of Banco BBVA Argentina (NYSE:BBAR) from a buy rating to a hold rating in a report published on Tuesday.

Separately, Morgan Stanley raised shares of Banco BBVA Argentina from an “underweight” rating to an “overweight” rating and set a $27.00 price objective on the stock in a report on Monday, December 16th.

Banco BBVA Argentina Trading Up 5.3 %

Shares of BBAR stock opened at $19.46 on Tuesday. Banco BBVA Argentina has a 1-year low of $4.63 and a 1-year high of $19.98. The company has a market cap of $3.97 billion, a price-to-earnings ratio of 10.14 and a beta of 1.49. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.99 and a quick ratio of 0.90. The stock has a 50 day simple moving average of $15.71 and a 200-day simple moving average of $12.01.

Institutional Trading of Banco BBVA Argentina

Several institutional investors have recently made changes to their positions in BBAR. Ping Capital Management Inc. acquired a new stake in Banco BBVA Argentina during the second quarter worth $11,293,000. Fourth Sail Capital LP increased its position in shares of Banco BBVA Argentina by 74.6% during the 2nd quarter. Fourth Sail Capital LP now owns 2,361,386 shares of the bank’s stock worth $21,843,000 after purchasing an additional 1,009,103 shares during the last quarter. Truist Financial Corp acquired a new position in Banco BBVA Argentina in the second quarter valued at about $167,000. SG Americas Securities LLC purchased a new position in Banco BBVA Argentina during the third quarter worth about $246,000. Finally, Deltec Asset Management LLC purchased a new position in Banco BBVA Argentina during the third quarter worth about $334,000.

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.