Banco BBVA Argentina (NYSE:BBAR) upgraded to “Buy” by StockNews.com

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Banco BBVA Argentina (NYSE:BBAR – Get a rating) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report released Monday.

NYSE BBAR shares were down $0.16 during Monday trading hours, hitting $2.42. The stock recorded a trading volume of 918,547 shares, compared to an average volume of 504,050. The company has a market capitalization of $494.25 million, a P/E ratio of 2.49 and a beta of 1. ,37. The company’s 50-day moving average price is $3.06 and its two-hundred-day moving average price is $3.17. Banco BBVA Argentina has a 52-week low of $2.42 and a 52-week high of $4.98. The company has a debt ratio of 0.06, a quick ratio of 1.09 and a current ratio of 0.76.

Institutional investors have recently changed their positions in the company. Two Sigma Investments LP acquired a new stake in Banco BBVA Argentina during the third quarter for a value of approximately $670,000. Segall Bryant & Hamill LLC purchased a new equity stake in Banco BBVA Argentina in the third quarter, valued at approximately $106,000. FIL Ltd increased its position in shares of Banco BBVA Argentina by 9.0% in the third quarter. FIL Ltd now owns 73,915 shares in the bank valued at $290,000 after acquiring an additional 6,134 shares during the period. Goldman Sachs Group Inc. purchased a new equity stake in Banco BBVA Argentina in the third quarter, valued at approximately $308,000. Finally, Bank of America Corp DE increased its position in Banco BBVA Argentina shares by 318.6% in the first quarter. Bank of America Corp DE now owns 7,259 shares of the bank valued at $26,000 after acquiring an additional 5,525 shares during the period. 1.93% of the shares are held by hedge funds and other institutional investors.

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About Banco BBVA Argentina (Get a rating)

Banco BBVA Argentina SA provides various banking products and services to individuals and businesses in Argentina. It provides retail banking products and services, such as checking and savings accounts, term deposits, credit cards, consumer and secured loans, mortgages, insurance and investment products to individuals; and products and services to small and medium-sized businesses, including financing products, factoring, checking accounts, term deposits, transactional and payroll services, insurance and investment products to businesses in the sector private.

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