Banco BBVA Argentina (NYSE:BBAR) Hits New 12-Month High – Time to Buy?

Banco BBVA Argentina S.A. (NYSE:BBAR)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $25.01 and last traded at $22.99, with a volume of 1906007 shares changing hands. The stock had previously closed at $23.27.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on BBAR shares. 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 report on Monday, December 16th. StockNews.com cut shares of Banco BBVA Argentina from a “buy” rating to a “hold” rating in a research report on Tuesday, December 24th.

Banco BBVA Argentina Stock Down 2.2 %

The company has a market cap of $4.59 billion, a PE ratio of 11.70 and a beta of 1.42. The stock’s 50 day moving average price is $17.74 and its 200-day moving average price is $12.88. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.90 and a current ratio of 0.99.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Fourth Sail Capital LP increased its stake in shares of Banco BBVA Argentina by 74.6% during the second quarter. Fourth Sail Capital LP now owns 2,361,386 shares of the bank’s stock valued at $21,843,000 after buying an additional 1,009,103 shares during the period. Truist Financial Corp bought a new stake in shares of Banco BBVA Argentina during the 2nd quarter valued at about $167,000. SG Americas Securities LLC bought a new position in Banco BBVA Argentina in the third quarter worth about $246,000. Deltec Asset Management LLC purchased a new stake in Banco BBVA Argentina in the third quarter worth about $334,000. Finally, NorthRock Partners LLC bought a new position in shares of Banco BBVA Argentina in the 3rd quarter worth approximately $363,000.

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.