BBVA Banco Frances (NYSE:BBAR) Trading Up 5.8%

BBVA Banco Frances S.A. (NYSE:BBAR) was up 5.8% on Tuesday . The company traded as high as $3.35 and last traded at $3.28, approximately 1,754,800 shares changed hands during mid-day trading. An increase of 109% from the average daily volume of 839,208 shares. The stock had previously closed at $3.10.

A number of equities research analysts have recently weighed in on BBAR shares. Morgan Stanley downgraded BBVA Banco Frances from an “overweight” rating to an “underweight” rating in a report on Monday, August 12th. ValuEngine upgraded BBVA Banco Frances from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. Finally, Zacks Investment Research upgraded BBVA Banco Frances from a “hold” rating to a “buy” rating and set a $4.00 price target for the company in a report on Tuesday, November 5th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. BBVA Banco Frances has a consensus rating of “Hold” and an average target price of $4.00.

The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.97 and a current ratio of 1.11. The firm has a market capitalization of $645.34 million, a P/E ratio of -17.26 and a beta of 0.65. The stock has a fifty day moving average price of $3.87 and a two-hundred day moving average price of $7.92.

Hedge funds and other institutional investors have recently modified their holdings of the company. Quadrant Capital Group LLC acquired a new position in BBVA Banco Frances during the 3rd quarter valued at approximately $38,000. KBC Group NV acquired a new position in BBVA Banco Frances during the 2nd quarter valued at approximately $51,000. BP PLC acquired a new position in BBVA Banco Frances during the 2nd quarter valued at approximately $147,000. Great West Life Assurance Co. Can acquired a new position in BBVA Banco Frances during the 3rd quarter valued at approximately $195,000. Finally, Exane Derivatives boosted its position in BBVA Banco Frances by 38.9% during the 2nd quarter. Exane Derivatives now owns 17,734 shares of the bank’s stock valued at $201,000 after purchasing an additional 4,964 shares during the period. Institutional investors and hedge funds own 12.53% of the company’s stock.

About BBVA Banco Frances (NYSE:BBAR)

BBVA Banco Francés SA, together with its subsidiaries, provides financial services to small and medium enterprises, and individual customers in Spain, Mexico, South America, the United States, Turkey, and rest of Eurasia. The company offers current, checking, and savings accounts, as well as demand and time deposits.

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