BBVA Banco Frances (BFR) Cut to Hold at Santander

Santander downgraded shares of BBVA Banco Frances (NYSE:BFR) from a buy rating to a hold rating in a report released on Wednesday, The Fly reports.

A number of other research analysts also recently weighed in on the company. Zacks Investment Research downgraded BBVA Banco Frances from a hold rating to a strong sell rating in a research note on Monday, November 20th. Citigroup raised BBVA Banco Frances from a neutral rating to a buy rating in a research note on Monday, November 27th. Finally, TheStreet raised BBVA Banco Frances from a c+ rating to a b rating in a research note on Thursday, December 21st. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has an average rating of Hold and an average target price of $26.50.

Shares of BBVA Banco Frances (NYSE:BFR) traded down $0.60 during mid-day trading on Wednesday, hitting $25.74. The company had a trading volume of 265,823 shares, compared to its average volume of 254,488. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.04. BBVA Banco Frances has a 1-year low of $14.55 and a 1-year high of $27.45.

BBVA Banco Frances (NYSE:BFR) last issued its quarterly earnings data on Thursday, November 9th. The bank reported $0.32 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.32. research analysts forecast that BBVA Banco Frances will post 1.16 EPS for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BFR. Wells Fargo & Company MN grew its holdings in BBVA Banco Frances by 2.4% in the 2nd quarter. Wells Fargo & Company MN now owns 12,018 shares of the bank’s stock valued at $227,000 after buying an additional 277 shares during the last quarter. Fisher Asset Management LLC grew its holdings in BBVA Banco Frances by 12.3% in the 3rd quarter. Fisher Asset Management LLC now owns 22,947 shares of the bank’s stock valued at $468,000 after buying an additional 2,506 shares during the last quarter. State of New Jersey Common Pension Fund D acquired a new stake in BBVA Banco Frances in the 3rd quarter valued at approximately $1,269,000. Deltec Asset Management LLC grew its holdings in BBVA Banco Frances by 65.2% in the 3rd quarter. Deltec Asset Management LLC now owns 94,140 shares of the bank’s stock valued at $1,920,000 after buying an additional 37,140 shares during the last quarter. Finally, DSAM Partners London Ltd acquired a new stake in BBVA Banco Frances in the 3rd quarter valued at approximately $3,713,000. 16.02% of the stock is currently owned by hedge funds and other institutional investors.

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BBVA Banco Frances Company Profile

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.

The Fly

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