Banco BBVA Argentina (NYSE:BBAR) Shares Up 4% – Here’s Why

Shares of Banco BBVA Argentina S.A. (NYSE:BBAR) shot up 4% on Tuesday . The stock traded as high as $19.89 and last traded at $19.78. 252,800 shares traded hands during trading, a decline of 69% from the average session volume of 827,823 shares. The stock had previously closed at $19.01.

Analyst Upgrades and Downgrades

BBAR has been the topic of several research analyst reports. StockNews.com cut shares of Banco BBVA Argentina from a “buy” rating to a “hold” rating in a research report on Tuesday, December 24th. Morgan Stanley raised shares of Banco BBVA Argentina from an “underweight” rating to an “overweight” rating and set a $27.00 price objective for the company in a research note on Monday, December 16th.

Banco BBVA Argentina Stock Down 2.4 %

The firm has a 50 day moving average price of $20.06 and a two-hundred day moving average price of $17.03. The firm has a market capitalization of $3.90 billion, a price-to-earnings ratio of 9.96 and a beta of 1.41. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.09.

Institutional Investors Weigh In On Banco BBVA Argentina

Several institutional investors have recently bought and sold shares of BBAR. Blue Trust Inc. lifted its holdings in shares of Banco BBVA Argentina by 38.0% during the 4th quarter. Blue Trust Inc. now owns 2,488 shares of the bank’s stock valued at $47,000 after acquiring an additional 685 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Banco BBVA Argentina by 123.8% during the fourth quarter. GAMMA Investing LLC now owns 4,171 shares of the bank’s stock worth $79,000 after purchasing an additional 2,307 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Banco BBVA Argentina in the third quarter worth about $136,000. Clear Creek Financial Management LLC acquired a new stake in shares of Banco BBVA Argentina in the fourth quarter valued at about $236,000. Finally, Channing Global Advisors LLC acquired a new position in Banco BBVA Argentina during the 3rd quarter worth approximately $247,000.

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.