Banco BBVA Argentina S.A. (NYSE:BBAR) Sees Significant Drop in Short Interest

Banco BBVA Argentina S.A. (NYSE:BBAR) saw a significant decrease in short interest in March. As of March 15th, there was short interest totalling 960,700 shares, a decrease of 17.9% from the February 28th total of 1,170,000 shares. Based on an average daily volume of 827,800 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.5% of the shares of the company are sold short.

Banco BBVA Argentina Price Performance

BBAR traded up $0.16 during trading on Wednesday, reaching $18.51. The stock had a trading volume of 163,867 shares, compared to its average volume of 822,517. The stock has a 50 day moving average of $19.75 and a two-hundred day moving average of $17.29. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $3.78 billion, a price-to-earnings ratio of 9.64 and a beta of 1.41. Banco BBVA Argentina has a 1-year low of $7.05 and a 1-year high of $25.01.

Institutional Trading of Banco BBVA Argentina

Institutional investors have recently modified their holdings of the company. Blue Trust Inc. raised its position in Banco BBVA Argentina by 38.0% in the fourth quarter. Blue Trust Inc. now owns 2,488 shares of the bank’s stock worth $47,000 after acquiring an additional 685 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Banco BBVA Argentina by 123.8% in the 4th quarter. GAMMA Investing LLC now owns 4,171 shares of the bank’s stock worth $79,000 after purchasing an additional 2,307 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Banco BBVA Argentina in the 3rd quarter worth approximately $136,000. Clear Creek Financial Management LLC acquired a new stake in Banco BBVA Argentina during the fourth quarter valued at approximately $236,000. Finally, NewEdge Advisors LLC boosted its holdings in Banco BBVA Argentina by 1,332.9% during the fourth quarter. NewEdge Advisors LLC now owns 14,759 shares of the bank’s stock worth $281,000 after buying an additional 13,729 shares in the last quarter.

Analyst Ratings Changes

A number of research analysts have recently commented on BBAR shares. StockNews.com lowered Banco BBVA Argentina from a “buy” rating to a “hold” rating in a report on Tuesday, December 24th. 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 report on Monday, December 16th.

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.