BBVA Banco Frances S.A. (BFR) Expected to Post Earnings of $0.24 Per Share

Brokerages expect BBVA Banco Frances S.A. (NYSE:BFR) to report $0.24 earnings per share for the current quarter, according to Zacks Investment Research. Zero analysts have provided estimates for BBVA Banco Frances’ earnings. The company is expected to report its next quarterly earnings report on Wednesday, February 13th.

On average, analysts expect that BBVA Banco Frances will report full year earnings of $1.23 per share for the current financial year. For the next year, analysts expect that the business will post earnings of $1.04 per share. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow BBVA Banco Frances.

A number of research firms have recently issued reports on BFR. Zacks Investment Research raised BBVA Banco Frances from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 20th. ValuEngine raised BBVA Banco Frances from a “strong sell” rating to a “sell” rating in a research report on Thursday, November 1st. Finally, Santander downgraded BBVA Banco Frances from a “buy” rating to a “hold” rating in a research report on Tuesday, August 7th.

Institutional investors and hedge funds have recently bought and sold shares of the company. Legal & General Group Plc bought a new stake in BBVA Banco Frances during the third quarter valued at about $197,000. Standard Life Aberdeen plc boosted its position in BBVA Banco Frances by 14.6% during the third quarter. Standard Life Aberdeen plc now owns 5,167,085 shares of the bank’s stock valued at $60,326,000 after purchasing an additional 657,304 shares in the last quarter. Jane Street Group LLC bought a new stake in BBVA Banco Frances during the third quarter valued at about $223,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in BBVA Banco Frances during the third quarter valued at about $2,261,000. Finally, Hsbc Holdings PLC boosted its position in BBVA Banco Frances by 108.4% during the third quarter. Hsbc Holdings PLC now owns 1,903,650 shares of the bank’s stock valued at $22,216,000 after purchasing an additional 990,329 shares in the last quarter. 17.01% of the stock is currently owned by institutional investors and hedge funds.

BBVA Banco Frances stock traded down $0.26 during mid-day trading on Friday, hitting $11.83. The company’s stock had a trading volume of 450,952 shares, compared to its average volume of 399,937. The company has a market capitalization of $2.42 billion, a PE ratio of 10.38 and a beta of 0.46. The company has a quick ratio of 1.15, a current ratio of 1.12 and a debt-to-equity ratio of 0.21. BBVA Banco Frances has a one year low of $7.11 and a one year high of $27.45.

About BBVA Banco Frances

BBVA Banco Francés SA, together with its subsidiaries, provides financial services to small and medium enterprises, and individual customers in Spain, Mexico, South America, the United States, Turkey, and rest of Eurasia. The company offers current, checking, and savings accounts, as well as demand and time deposits.

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