Banco BBVA Argentina (NYSE:BBAR) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Banco BBVA Argentina (NYSE:BBAR) from a hold rating to a buy rating in a research note released on Monday morning.

Separately, 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 note on Monday.

Banco BBVA Argentina Price Performance

NYSE BBAR opened at $19.22 on Monday. The firm’s 50 day moving average is $14.94 and its 200-day moving average is $11.67. The company has a quick ratio of 0.90, a current ratio of 0.99 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $3.93 billion, a PE ratio of 10.01 and a beta of 1.49. Banco BBVA Argentina has a 12-month low of $4.63 and a 12-month high of $19.90.

Hedge Funds Weigh In On Banco BBVA Argentina

A number of institutional investors have recently added to or reduced their stakes in BBAR. GSA Capital Partners LLP acquired a new position in Banco BBVA Argentina during the third quarter worth approximately $237,000. Truist Financial Corp acquired a new position in shares of Banco BBVA Argentina during the 2nd quarter worth approximately $167,000. SG Americas Securities LLC acquired a new position in shares of Banco BBVA Argentina during the 3rd quarter worth approximately $246,000. Fourth Sail Capital LP raised its stake in Banco BBVA Argentina by 74.6% in the 2nd quarter. Fourth Sail Capital LP now owns 2,361,386 shares of the bank’s stock valued at $21,843,000 after acquiring an additional 1,009,103 shares during the period. Finally, Point72 Asset Management L.P. lifted its holdings in Banco BBVA Argentina by 72.8% during the 3rd quarter. Point72 Asset Management L.P. now owns 43,200 shares of the bank’s stock valued at $448,000 after purchasing an additional 18,200 shares during the last quarter.

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.