Banco BBVA Argentina (NYSE:BBAR) Shares Up 6.2% – Time to Buy?

Banco BBVA Argentina S.A. (NYSE:BBAR)’s share price rose 6.2% during mid-day trading on Tuesday . The company traded as high as $23.10 and last traded at $23.02. Approximately 409,976 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 1,403,637 shares. The stock had previously closed at $21.67.

Analyst Ratings Changes

Several research firms recently issued reports on BBAR. StockNews.com lowered Banco BBVA Argentina from a “buy” rating to a “hold” rating in a research report on Tuesday, December 24th. Morgan Stanley upgraded Banco BBVA Argentina from an “underweight” rating to an “overweight” rating and set a $27.00 target price for the company in a research note on Monday, December 16th.

Banco BBVA Argentina Price Performance

The stock has a market capitalization of $4.64 billion, a price-to-earnings ratio of 11.84 and a beta of 1.42. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.99 and a quick ratio of 0.90. The company has a 50-day simple moving average of $18.43 and a two-hundred day simple moving average of $13.29.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BBAR. GAMMA Investing LLC lifted 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 acquiring an additional 2,307 shares during the period. XTX Topco Ltd purchased a new stake in shares of Banco BBVA Argentina during the third quarter valued at $136,000. Truist Financial Corp acquired a new position in shares of Banco BBVA Argentina in the second quarter worth about $167,000. GSA Capital Partners LLP acquired a new position in Banco BBVA Argentina in the 3rd quarter worth approximately $237,000. Finally, SG Americas Securities LLC acquired a new position in shares of Banco BBVA Argentina in the third quarter worth $246,000.

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.