BBVA Banco Frances (BFR) Sees Strong Trading Volume

BBVA Banco Frances S.A. (NYSE:BFR) saw strong trading volume on Monday . 1,186,991 shares were traded during trading, an increase of 178% from the previous session’s volume of 427,478 shares.The stock last traded at $25.70 and had previously closed at $25.54.

A number of equities analysts have weighed in on the stock. TheStreet raised shares of BBVA Banco Frances from a “c+” rating to a “b” rating in a research note on Thursday, December 21st. Citigroup raised shares of BBVA Banco Frances from a “neutral” rating to a “buy” rating in a research note on Monday, November 27th. Finally, Zacks Investment Research downgraded shares of BBVA Banco Frances from a “hold” rating to a “strong sell” rating in a research note on Monday, November 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. BBVA Banco Frances has a consensus rating of “Hold” and a consensus price target of $23.00.

The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $5,220.00, a P/E ratio of 29.92 and a beta of 0.56.

Several hedge funds have recently modified their holdings of the company. INCA Investments LLC raised its stake in shares of BBVA Banco Frances by 145.7% in the 3rd quarter. INCA Investments LLC now owns 591,800 shares of the bank’s stock valued at $12,067,000 after acquiring an additional 350,974 shares during the period. Bienville Capital Management LLC raised its stake in shares of BBVA Banco Frances by 274.5% in the 3rd quarter. Bienville Capital Management LLC now owns 818,605 shares of the bank’s stock valued at $16,691,000 after acquiring an additional 600,000 shares during the period. Graticule Asia Macro Advisors LLC purchased a new position in shares of BBVA Banco Frances in the 3rd quarter valued at $4,449,000. Thornburg Investment Management Inc. purchased a new position in shares of BBVA Banco Frances in the 3rd quarter valued at $26,218,000. Finally, Wells Fargo & Company MN raised its stake in shares of BBVA Banco Frances by 562.8% in the 3rd quarter. Wells Fargo & Company MN now owns 79,656 shares of the bank’s stock valued at $1,624,000 after acquiring an additional 67,638 shares during the period. 16.02% of the stock is currently owned by institutional investors and hedge funds.

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About BBVA Banco Frances

BBVA Banco Frances SA (the Bank) is a provider of financial services to large corporations, small and medium-size companies (SMEs), as well as individual customers. The Bank is focused on the financial sector, through its activities related to banking/financial, pension fund manager and insurance. The Bank has all its operations, property and customers located in Argentina.

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