Banco BBVA Argentina (NYSE:BBAR) Reaches New 1-Year High – Here’s What Happened

Banco BBVA Argentina S.A. (NYSE:BBAR) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $20.52 and last traded at $20.35, with a volume of 245049 shares. The stock had previously closed at $19.06.

Wall Street Analyst Weigh In

BBAR has been the subject of a number of recent analyst reports. StockNews.com downgraded shares of Banco BBVA Argentina from a “buy” rating to a “hold” rating in a 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 on the stock in a report on Monday, December 16th.

Banco BBVA Argentina Stock Performance

The stock has a market cap of $4.55 billion, a price-to-earnings ratio of 11.59 and a beta of 1.42. The company has a current ratio of 0.99, a quick ratio of 0.90 and a debt-to-equity ratio of 0.09. The stock’s 50-day moving average is $17.01 and its 200-day moving average is $12.53.

Hedge Funds Weigh In On Banco BBVA Argentina

A number of hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC boosted its holdings in 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 position in shares of Banco BBVA Argentina in the third quarter valued at $136,000. Truist Financial Corp acquired a new stake in Banco BBVA Argentina during the 2nd quarter valued at $167,000. GSA Capital Partners LLP purchased a new stake in Banco BBVA Argentina during the 3rd quarter worth $237,000. Finally, SG Americas Securities LLC acquired a new position in Banco BBVA Argentina in the 3rd 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.