NorthRock Partners LLC Makes New Investment in Banco BBVA Argentina S.A. (NYSE:BBAR)

NorthRock Partners LLC purchased a new position in Banco BBVA Argentina S.A. (NYSE:BBAR) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 35,000 shares of the bank’s stock, valued at approximately $363,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Truist Financial Corp bought a new position in Banco BBVA Argentina in the 2nd quarter worth approximately $167,000. Quantbot Technologies LP boosted its position in shares of Banco BBVA Argentina by 239.7% during the 1st quarter. Quantbot Technologies LP now owns 27,918 shares of the bank’s stock valued at $237,000 after acquiring an additional 19,700 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Banco BBVA Argentina during the 3rd quarter valued at approximately $246,000. Deltec Asset Management LLC bought a new position in shares of Banco BBVA Argentina during the 3rd quarter valued at approximately $334,000. Finally, Virtu Financial LLC bought a new position in shares of Banco BBVA Argentina during the 1st quarter valued at approximately $413,000.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Banco BBVA Argentina from a “hold” rating to a “buy” rating in a research report on Monday, September 2nd.

Banco BBVA Argentina Stock Up 2.8 %

NYSE BBAR opened at $14.10 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market capitalization of $2.88 billion, a P/E ratio of 9.10 and a beta of 1.47. Banco BBVA Argentina S.A. has a one year low of $4.09 and a one year high of $14.45. The stock has a 50 day moving average price of $11.60 and a 200-day moving average price of $10.38.

Banco BBVA Argentina (NYSE:BBAR) last posted its earnings results on Wednesday, August 21st. The bank reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.35. Banco BBVA Argentina had a return on equity of 9.98% and a net margin of 4.23%. The firm had revenue of $892.11 million during the quarter, compared to the consensus estimate of $599.49 million. As a group, equities analysts predict that Banco BBVA Argentina S.A. will post 1.88 EPS for the current fiscal year.

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.