Banco BBVA Argentina (NYSE:BBAR) Posts Earnings Results

Banco BBVA Argentina (NYSE:BBAR) released its quarterly earnings data on Wednesday. The bank reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.07), Zacks reports. Banco BBVA Argentina had a net margin of 6.09% and a return on equity of 12.21%.

Banco BBVA Argentina Stock Up 4.4 %

Shares of BBAR stock traded up $0.80 on Wednesday, hitting $19.16. The stock had a trading volume of 486,750 shares, compared to its average volume of 874,633. The business has a 50 day moving average of $20.96 and a 200 day moving average of $16.13. The stock has a market cap of $3.91 billion, a price-to-earnings ratio of 9.98 and a beta of 1.41. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.99 and a quick ratio of 0.99. Banco BBVA Argentina has a 12-month low of $6.35 and a 12-month high of $25.01.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. StockNews.com downgraded shares of Banco BBVA Argentina from a “buy” rating to a “hold” rating in a report on Tuesday, December 24th. Morgan Stanley upgraded shares of Banco BBVA Argentina from an “underweight” rating to an “overweight” rating and set a $27.00 target price for the company in a report on Monday, December 16th.

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.