Banco BBVA Argentina S.A. (NYSE:BBAR) Short Interest Down 21.2% in February

Banco BBVA Argentina S.A. (NYSE:BBAR) was the target of a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 1,190,000 shares, a drop of 21.2% from the January 31st total of 1,510,000 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average daily trading volume, of 872,100 shares, the days-to-cover ratio is currently 1.4 days.

Banco BBVA Argentina Trading Up 4.4 %

Shares of BBAR stock traded up $0.80 during mid-day trading on Wednesday, reaching $19.16. The company’s stock had a trading volume of 486,957 shares, compared to its average volume of 874,145. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $3.91 billion, a PE ratio of 9.98 and a beta of 1.41. The company’s 50 day simple moving average is $20.96 and its 200-day simple moving average is $16.13. Banco BBVA Argentina has a 12-month low of $6.58 and a 12-month high of $25.01.

Banco BBVA Argentina (NYSE:BBAR) last released its quarterly earnings data on Wednesday, March 5th. The bank reported $0.30 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.07). Banco BBVA Argentina had a net margin of 6.09% and a return on equity of 12.21%. On average, research analysts predict that Banco BBVA Argentina will post 1.94 EPS for the current fiscal year.

Hedge Funds Weigh In On Banco BBVA Argentina

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio acquired a new stake in Banco BBVA Argentina in the fourth quarter valued at approximately $1,742,000. Point72 Asset Management L.P. boosted its stake in shares of Banco BBVA Argentina by 42.6% in the fourth quarter. Point72 Asset Management L.P. now owns 61,600 shares of the bank’s stock valued at $1,174,000 after purchasing an additional 18,400 shares during the period. PointState Capital LP grew its holdings in Banco BBVA Argentina by 47.7% during the 4th quarter. PointState Capital LP now owns 2,458,304 shares of the bank’s stock valued at $46,855,000 after purchasing an additional 793,411 shares in the last quarter. Millennium Management LLC increased its stake in Banco BBVA Argentina by 695.8% during the 4th quarter. Millennium Management LLC now owns 523,438 shares of the bank’s stock worth $9,977,000 after buying an additional 457,663 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Banco BBVA Argentina by 93.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,733,785 shares of the bank’s stock worth $33,046,000 after buying an additional 836,688 shares in the last quarter.

Wall Street Analyst Weigh In

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

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.