StockNews.com Upgrades Banco BBVA Argentina (NYSE:BBAR) to “Buy”

Banco BBVA Argentina (NYSE:BBAR) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Monday.

Banco BBVA Argentina Stock Performance

Shares of BBAR opened at $10.44 on Monday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.25 and a current ratio of 0.91. Banco BBVA Argentina has a twelve month low of $3.78 and a twelve month high of $11.87. The firm’s 50 day moving average price is $9.23 and its two-hundred day moving average price is $9.09. The firm has a market cap of $2.13 billion, a P/E ratio of 6.61 and a beta of 1.61.

Hedge Funds Weigh In On Banco BBVA Argentina

A number of hedge funds have recently bought and sold shares of BBAR. Truist Financial Corp bought a new stake in shares of Banco BBVA Argentina during the second quarter valued at about $167,000. Fourth Sail Capital LP boosted its stake in shares of Banco BBVA Argentina by 74.6% during the second quarter. Fourth Sail Capital LP now owns 2,361,386 shares of the bank’s stock valued at $21,843,000 after purchasing an additional 1,009,103 shares during the period. Ping Capital Management Inc. purchased a new stake in Banco BBVA Argentina in the second quarter worth $11,293,000. Virtu Financial LLC bought a new position in Banco BBVA Argentina in the first quarter worth $413,000. Finally, Rokos Capital Management LLP bought a new position in Banco BBVA Argentina in the first quarter worth $501,000.

About Banco BBVA Argentina

Banco BBVA Argentina SA provides various banking products and services to individuals and companies in Argentina. It provides retail banking products and services, such as checking and savings accounts, time deposits, credit cards, 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.