Banco BBVA Argentina S.A. (NYSE: BBAR) Loses -44.53% From High. Why That Could Change?


    Acadian Asset Management LLC recently announced the acquisition of new stake in Banco BBVA Argentina S.A. (NYSE:BBAR). This fresh investment now brings its stake to 0.56% valued currently at $4.7 million. In addition, SSgA Funds Management, Inc. raised its holdings by 0.29 million to 0.62 million shares. And Sheaff Brock Investment Advisors.. has lifted its position by 212.50% or 0.34 million shares – to 0.5 million shares.

    With over 1.17 million Banco BBVA Argentina S.A. (BBAR) shares trading Friday and a closing price of $3.50 on the day, the dollar volume was approximately $4.1 million. The shares have shown a positive weekly performance of 5.42% and its price on 08/28/20 gained nearly 8.70%. Currently, there are 204.23M common shares owned by the public and among those 69.23M shares have been available to trade.

    An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 5 analysts who have offered their price forecasts for BBAR have a consensus price objective of $6.86. The analysts have set the share’s price value over the next 12 months at a high of $15.65 and a low of $2.70 should the stock experience a downside. Incidentally, analysts’ outlook for the Banco BBVA Argentina S.A. stock is 3.40 for the next 12 months. The average price target is 7.89% above its last price level and an upside to the estimated low will see the stock lose -29.63% over that period. But an upside of 77.64% will see the stock hit the forecast high price target while mean target price for the stock is $4.54.

    The top 3 mutual fund holders in Banco BBVA Argentina S.A. are BMO Invts. II (Ireland) Plc – LGM, iShares Core MSCI Emerging Market, and GMO Emerging Markets Fund. BMO Invts. II (Ireland) Plc – LGM owns 0.85 million shares of the company’s stock, all valued at over $3.53 million. The company sold -0.28 million shares recently to bring their total holdings to about 0.42% of the shares outstanding. GMO Emerging Markets Fund now owns shares totaling to 0.14% of the shares outstanding.

    Shares of Banco BBVA Argentina S.A. (NYSE: BBAR) opened at $3.24, up $0.02 from a prior closing price of $3.22. However, the script later closed the day at $3.50, up 8.70%. The company’s stock has a 5-day price change of 5.42% and 5.11% over the past three months. BBAR shares are trading -37.16% year to date (YTD), with the 12-month market performance down to -18.22% lower. It has a 12-month low price of $2.10 and touched a high of $6.31 over the same period. Currently, 1.17 million shares have been traded, compared to an average intraday trading volume of 904.14K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -6.30%, -11.54%, and -9.85% respectively.

    Institutional ownership of Banco BBVA Argentina S.A. (NYSE: BBAR) shares accounts for 4.70% of the company’s 204.23M shares outstanding. Mutual fund holders own 1.73%, while other institutional holders and individual stakeholders account for 2.64% and — respectively.

    It has a market capitalization of $1.12B and a beta (3y monthly) value of 1.19. The stock’s trailing 12-month PE ratio is 1.88, while the earnings-per-share (ttm) stands at $1.86. The company has a PEG of 0.06 and the debt-to-equity ratio at 0.03. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.97% over the week and 7.96% over the month.

    Analysts forecast that Banco BBVA Argentina S.A. (BBAR) will achieve an EPS of $0.42 for the current quarter, $0.39 for the next quarter and $0.94 for 2021. The lowest estimate earnings-per-share for the quarter is $0.42 while analysts give the company a high EPS estimate of $0.42. Comparatively, EPS for the current quarter was $0.76 a year ago. Earnings per share for the fiscal year are expected to increase by 222.50%, and 0.96% over the next financial year. EPS should shrink at an annualized rate of 31.93% over the next five years, compared to 53.30% over the past 5-year period.

    If you are looking to buy this stock, then you may note that the average analyst recommendation by 5 brokerage firm advisors rate Banco BBVA Argentina S.A. (BBAR) as a “Hold” at a consensus score of 3.40. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 0 of the 5 advise that investors “hold,” and 3 rated it as a “Sell.”

    Looking at the support for the BBAR, a number of firms have released research notes about the stock. HSBC Securities stated their Reduce rating for the stock in a research note on July 21, 2020, with the firm’s price target at.


    Please enter your comment!
    Please enter your name here