Zacks Investment Research downgraded shares of BBVA Banco Frances (NYSE:BFR) from a buy rating to a hold rating in a report released on Thursday, January 18th.
According to Zacks, “Banco Frances del Rio de la Plata S.A. is a full-service banker for large corporations, middle market businesses and individuals. The Company operates approximately 74 branches in Argentina, 8 branches in Uruguay and a sibsidiary bank in the Cayman Islands. “
BFR has been the topic of several other research reports. Santander downgraded BBVA Banco Frances from a buy rating to a hold rating in a report on Wednesday, January 17th. Citigroup raised BBVA Banco Frances from a neutral rating to a buy rating in a research note on Monday, November 27th. Finally, TheStreet raised BBVA Banco Frances from a c+ rating to a b rating in a research note on Thursday, December 21st. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of Hold and an average price target of $26.50.
BBVA Banco Frances (BFR) traded down $0.14 during trading hours on Thursday, reaching $21.29. The company’s stock had a trading volume of 357,230 shares, compared to its average volume of 265,398. BBVA Banco Frances has a 12-month low of $14.55 and a 12-month high of $27.45. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.22 and a current ratio of 1.22.
BBVA Banco Frances (NYSE:BFR) last posted its quarterly earnings data on Thursday, November 9th. The bank reported $0.32 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.32. analysts expect that BBVA Banco Frances will post 1.16 earnings per share for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in BFR. Quantbot Technologies LP bought a new position in shares of BBVA Banco Frances in the 3rd quarter valued at about $102,000. Comerica Bank bought a new position in shares of BBVA Banco Frances in the 3rd quarter valued at about $211,000. Wells Fargo & Company MN grew its holdings in shares of BBVA Banco Frances by 2.4% in the 2nd quarter. Wells Fargo & Company MN now owns 12,018 shares of the bank’s stock valued at $227,000 after acquiring an additional 277 shares in the last quarter. Fisher Asset Management LLC grew its holdings in shares of BBVA Banco Frances by 12.3% in the 3rd quarter. Fisher Asset Management LLC now owns 22,947 shares of the bank’s stock valued at $468,000 after acquiring an additional 2,506 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D bought a new position in shares of BBVA Banco Frances in the 3rd quarter valued at about $1,269,000. Institutional investors own 16.18% of the company’s stock.
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About BBVA Banco Frances
BBVA Banco Frances SA (the Bank) is a provider of financial services to large corporations, small and medium-size companies (SMEs), as well as individual customers. The Bank is focused on the financial sector, through its activities related to banking/financial, pension fund manager and insurance. The Bank has all its operations, property and customers located in Argentina.
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