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

Banco BBVA Argentina S.A. (NYSE:BBAR)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $19.90 and last traded at $19.41, with a volume of 1562196 shares changing hands. The stock had previously closed at $17.22.

Analyst Ratings Changes

Several brokerages recently weighed in on BBAR. 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 report on Monday. StockNews.com upgraded shares of Banco BBVA Argentina from a “hold” rating to a “buy” rating in a research note on Monday.

Banco BBVA Argentina Price Performance

The firm has a market cap of $3.56 billion, a price-to-earnings ratio of 9.07 and a beta of 1.49. The stock’s fifty day moving average price is $15.21 and its 200-day moving average price is $11.77. The company has a current ratio of 0.99, a quick ratio of 0.90 and a debt-to-equity ratio of 0.09.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. XTX Topco Ltd purchased a new stake in Banco BBVA Argentina during the 3rd quarter worth about $136,000. Truist Financial Corp acquired a new position in shares of Banco BBVA Argentina during the second quarter worth about $167,000. GSA Capital Partners LLP purchased a new stake in shares of Banco BBVA Argentina during the third quarter worth approximately $237,000. SG Americas Securities LLC purchased a new position in Banco BBVA Argentina in the third quarter worth approximately $246,000. Finally, Channing Global Advisors LLC acquired a new position in Banco BBVA Argentina during the 3rd quarter worth approximately $247,000.

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.