Banco BBVA Argentina (NYSE:BBAR) Rating Lowered to “Hold” at StockNews.com

StockNews.com lowered shares of Banco BBVA Argentina (NYSE:BBAR) from a buy rating to a hold rating in a research report sent to investors on Tuesday.

Separately, Morgan Stanley upgraded shares of Banco BBVA Argentina from an “underweight” rating to an “overweight” rating and set a $27.00 price target for the company in a research note on Monday, December 16th.

Banco BBVA Argentina Stock Up 5.3 %

Shares of BBAR opened at $19.46 on Tuesday. The company’s 50-day simple moving average is $15.71 and its 200-day simple moving average is $12.01. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.90 and a current ratio of 0.99. Banco BBVA Argentina has a 1 year low of $4.63 and a 1 year high of $19.98. The stock has a market capitalization of $3.97 billion, a PE ratio of 10.14 and a beta of 1.49.

Institutional Investors Weigh In On Banco BBVA Argentina

Several institutional investors have recently added to or reduced their stakes in the business. XTX Topco Ltd acquired a new stake in Banco BBVA Argentina during the third quarter worth approximately $136,000. Truist Financial Corp acquired a new stake in Banco BBVA Argentina during the 2nd quarter worth $167,000. GSA Capital Partners LLP purchased a new stake in Banco BBVA Argentina in the third quarter valued at $237,000. SG Americas Securities LLC acquired a new position in Banco BBVA Argentina in the third quarter valued at $246,000. Finally, Channing Global Advisors LLC purchased a new position in shares of Banco BBVA Argentina during the third quarter worth about $247,000.

About Banco BBVA Argentina

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.