Banco BBVA Argentina (NYSE:BBAR) Stock Price Down 4% – What’s Next?

Banco BBVA Argentina S.A. (NYSE:BBAR) shares were down 4% during trading on Friday . The company traded as low as $21.66 and last traded at $21.82. Approximately 641,853 shares traded hands during trading, a decline of 49% from the average daily volume of 1,262,912 shares. The stock had previously closed at $22.72.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. StockNews.com cut shares of Banco BBVA Argentina from a “buy” rating to a “hold” rating in a report on Tuesday, December 24th. Morgan Stanley raised Banco BBVA Argentina from an “underweight” rating to an “overweight” rating and set a $27.00 price target on the stock in a report on Monday, December 16th.

Banco BBVA Argentina Trading Down 3.1 %

The stock’s 50 day simple moving average is $18.57 and its 200 day simple moving average is $13.35. The firm has a market cap of $4.50 billion, a PE ratio of 11.51 and a beta of 1.42. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.90 and a current ratio of 0.99.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Systrade AG purchased a new stake in Banco BBVA Argentina during the fourth quarter valued at about $1,334,000. Redhawk Wealth Advisors Inc. bought a new position in shares of Banco BBVA Argentina during the 4th quarter valued at about $743,000. TT International Asset Management LTD purchased a new position in shares of Banco BBVA Argentina during the 4th quarter valued at about $3,261,000. GAMMA Investing LLC lifted its position in Banco BBVA Argentina by 123.8% in the 4th quarter. GAMMA Investing LLC now owns 4,171 shares of the bank’s stock worth $79,000 after buying an additional 2,307 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in Banco BBVA Argentina in the third quarter worth approximately $506,000.

About Banco BBVA Argentina

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.