Truist Financial Corp acquired a new stake in shares of Banco BBVA Argentina S.A. (NYSE:BBAR – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 18,036 shares of the bank’s stock, valued at approximately $167,000.
Several other hedge funds have also recently made changes to their positions in the stock. Quantbot Technologies LP increased its holdings in Banco BBVA Argentina by 239.7% during the first quarter. Quantbot Technologies LP now owns 27,918 shares of the bank’s stock valued at $237,000 after buying an additional 19,700 shares during the last quarter. Virtu Financial LLC purchased a new stake in Banco BBVA Argentina during the first quarter valued at approximately $413,000. Rokos Capital Management LLP purchased a new stake in Banco BBVA Argentina during the first quarter valued at approximately $501,000. Ping Capital Management Inc. purchased a new stake in Banco BBVA Argentina during the second quarter valued at approximately $11,293,000. Finally, Fourth Sail Capital LP bought a new position in shares of Banco BBVA Argentina in the first quarter worth approximately $11,467,000.
Banco BBVA Argentina Stock Performance
BBAR opened at $11.56 on Friday. The firm has a market cap of $2.36 billion, a P/E ratio of 7.32 and a beta of 1.50. Banco BBVA Argentina S.A. has a 1-year low of $3.78 and a 1-year high of $12.73. The company has a 50 day simple moving average of $10.83 and a two-hundred day simple moving average of $9.99. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.91 and a quick ratio of 0.82.
Banco BBVA Argentina Increases Dividend
The business also recently announced a — dividend, which was paid on Friday, August 9th. Investors of record on Friday, August 2nd were given a dividend of $0.5134 per share. This is a positive change from Banco BBVA Argentina’s previous — dividend of $0.11. The ex-dividend date of this dividend was Friday, August 2nd. Banco BBVA Argentina’s dividend payout ratio is currently 90.51%.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded shares of Banco BBVA Argentina from a “hold” rating to a “buy” rating in a research report on Monday, September 2nd.
Check Out Our Latest Stock Analysis on BBAR
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.
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