Activest Wealth Management Acquires 56,740 Shares of Banco BBVA Argentina S.A. (NYSE:BBAR)

Activest Wealth Management increased its holdings in Banco BBVA Argentina S.A. (NYSE:BBAR) by 378.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 71,740 shares of the bank’s stock after purchasing an additional 56,740 shares during the period. Activest Wealth Management’s holdings in Banco BBVA Argentina were worth $1,367,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Truist Financial Corp bought a new stake in shares of Banco BBVA Argentina in the second quarter worth approximately $167,000. SG Americas Securities LLC bought a new stake in Banco BBVA Argentina in the 3rd quarter worth approximately $246,000. Deltec Asset Management LLC purchased a new position in shares of Banco BBVA Argentina in the 3rd quarter worth $334,000. NorthRock Partners LLC bought a new stake in shares of Banco BBVA Argentina in the third quarter worth $363,000. Finally, GSA Capital Partners LLP bought a new position in Banco BBVA Argentina in the third quarter valued at about $237,000.

Banco BBVA Argentina Stock Performance

Shares of BBAR opened at $21.12 on Monday. Banco BBVA Argentina S.A. has a 52 week low of $5.01 and a 52 week high of $25.01. 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 stock has a market cap of $4.31 billion, a price-to-earnings ratio of 11.00 and a beta of 1.41. The business has a 50-day simple moving average of $20.36 and a two-hundred day simple moving average of $14.89.

Banco BBVA Argentina (NYSE:BBAR) last released its earnings results on Wednesday, November 20th. The bank reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.07. Banco BBVA Argentina had a net margin of 6.09% and a return on equity of 12.21%. During the same quarter in the previous year, the business posted $0.15 EPS. On average, analysts expect that Banco BBVA Argentina S.A. will post 1.94 EPS for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on BBAR. Morgan Stanley upgraded 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. StockNews.com downgraded shares of Banco BBVA Argentina from a “buy” rating to a “hold” rating in a research report on Tuesday, December 24th.

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.