356,129 Shares in Banco BBVA Argentina S.A. (NYSE:BBAR) Purchased by Glenorchy Capital Ltd

Glenorchy Capital Ltd acquired a new stake in Banco BBVA Argentina S.A. (NYSE:BBAR) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 356,129 shares of the bank’s stock, valued at approximately $1,937,000. Banco BBVA Argentina makes up 0.8% of Glenorchy Capital Ltd’s holdings, making the stock its 24th biggest holding. Glenorchy Capital Ltd owned 0.17% of Banco BBVA Argentina as of its most recent SEC filing.

Several other large investors have also made changes to their positions in BBAR. Axxcess Wealth Management LLC purchased a new stake in Banco BBVA Argentina in the 3rd quarter worth $150,000. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Banco BBVA Argentina by 43.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 370,918 shares of the bank’s stock valued at $2,018,000 after purchasing an additional 111,578 shares during the period. Finally, Autonomy Capital Jersey L.P. increased its stake in shares of Banco BBVA Argentina by 100.0% during the third quarter. Autonomy Capital Jersey L.P. now owns 40,000 shares of the bank’s stock worth $166,000 after purchasing an additional 20,000 shares in the last quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Banco BBVA Argentina from a “hold” rating to a “buy” rating in a report on Tuesday, March 12th.

Banco BBVA Argentina Stock Up 0.2 %

Shares of BBAR traded up $0.02 during trading hours on Tuesday, hitting $9.40. 1,675,666 shares of the stock were exchanged, compared to its average volume of 1,012,601. The stock’s 50-day moving average price is $7.63 and its two-hundred day moving average price is $5.91. Banco BBVA Argentina S.A. has a 12-month low of $3.74 and a 12-month high of $9.86. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.01.

Banco BBVA Argentina (NYSE:BBAR) last released its earnings results on Tuesday, March 5th. The bank reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.50. Banco BBVA Argentina had a net margin of 4.55% and a return on equity of 11.32%. The business had revenue of $2.67 billion during the quarter, compared to analyst estimates of $592.18 million. During the same quarter in the prior year, the firm earned $0.53 earnings per share. Sell-side analysts forecast that Banco BBVA Argentina S.A. will post 1.48 EPS for the current year.

Banco BBVA Argentina Increases Dividend

The business also recently announced a — dividend, which was paid on Tuesday, March 19th. Stockholders of record on Friday, January 1st were issued a dividend of $0.1131 per share. This is a boost from Banco BBVA Argentina’s previous — dividend of $0.06. The ex-dividend date was Friday, March 8th. Banco BBVA Argentina’s payout ratio is currently 4.55%.

Banco BBVA Argentina Company Profile

Banco BBVA Argentina SA provides various banking products and services to individuals and companies in Argentina. It provides retail banking products and services, such as checking and savings accounts, time deposits, credit cards, 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.