Banco BBVA Argentina (NYSE:BBAR) Reaches New 1-Year High – Here’s Why

Shares of Banco BBVA Argentina S.A. (NYSE:BBAR) reached a new 52-week high on Monday . The stock traded as high as $17.43 and last traded at $17.42, with a volume of 274093 shares traded. The stock had previously closed at $16.25.

Analyst Upgrades and Downgrades

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

Banco BBVA Argentina Stock Down 2.5 %

The stock’s fifty day simple moving average is $12.71 and its 200-day simple moving average is $10.85. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.01.

Banco BBVA Argentina (NYSE:BBAR) last issued its quarterly earnings results 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. Banco BBVA Argentina had a return on equity of 9.98% and a net margin of 4.23%. The business had revenue of $892.11 million for the quarter, compared to the consensus estimate of $599.49 million. On average, research analysts forecast that Banco BBVA Argentina S.A. will post 1.88 EPS for the current fiscal year.

Institutional Trading of Banco BBVA Argentina

Several large investors have recently modified their holdings of the stock. XTX Topco Ltd acquired a new stake in shares of Banco BBVA Argentina during the 3rd quarter worth approximately $136,000. Truist Financial Corp acquired a new stake in shares of Banco BBVA Argentina in the 2nd quarter valued at $167,000. GSA Capital Partners LLP bought a new position in shares of Banco BBVA Argentina in the 3rd quarter valued at $237,000. SG Americas Securities LLC acquired a new position in shares of Banco BBVA Argentina during the 3rd quarter worth $246,000. Finally, Channing Global Advisors LLC bought a new stake in shares of Banco BBVA Argentina during the 3rd quarter worth $247,000.

About Banco BBVA Argentina

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.