Channing Global Advisors LLC Has $1.09 Million Position in Banco BBVA Argentina S.A. (NYSE:BBAR)

Channing Global Advisors LLC raised its stake in Banco BBVA Argentina S.A. (NYSE:BBAR) by 139.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 57,043 shares of the bank’s stock after buying an additional 33,207 shares during the period. Banco BBVA Argentina accounts for 0.7% of Channing Global Advisors LLC’s holdings, making the stock its 28th largest holding. Channing Global Advisors LLC’s holdings in Banco BBVA Argentina were worth $1,087,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Trust Inc. increased its holdings in shares of Banco BBVA Argentina by 91.2% in the fourth quarter. Blue Trust Inc. now owns 3,448 shares of the bank’s stock valued at $66,000 after purchasing an additional 1,645 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Banco BBVA Argentina by 123.8% in the fourth quarter. GAMMA Investing LLC now owns 4,171 shares of the bank’s stock valued at $79,000 after acquiring an additional 2,307 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of Banco BBVA Argentina in the third quarter valued at about $136,000. Truist Financial Corp acquired a new position in shares of Banco BBVA Argentina in the second quarter valued at about $167,000. Finally, Clear Creek Financial Management LLC acquired a new position in shares of Banco BBVA Argentina in the fourth quarter valued at about $236,000.

Banco BBVA Argentina Trading Down 7.4 %

BBAR stock opened at $19.20 on Wednesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.99 and a current ratio of 0.99. The company’s 50-day simple moving average is $20.47 and its 200 day simple moving average is $15.04. Banco BBVA Argentina S.A. has a 52 week low of $5.24 and a 52 week high of $25.01. The company has a market capitalization of $3.92 billion, a PE ratio of 10.00 and a beta of 1.41.

Banco BBVA Argentina (NYSE:BBAR) last posted its quarterly earnings data on Wednesday, November 20th. The bank reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.07. Banco BBVA Argentina had a net margin of 6.09% and a return on equity of 12.21%. During the same quarter in the previous year, the business earned $0.15 earnings per share. As a group, sell-side analysts anticipate that Banco BBVA Argentina S.A. will post 1.94 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.