Banco BBVA Argentina SA (NYSE:BBAR – Get Rating) announced a monthly dividend on Friday, September 16, reports The Wall Street Journal. Shareholders of record on Monday, September 26 will receive a dividend of 0.0191 per share from the bank on Monday, October 3. This represents a dividend of $0.23 on an annualized basis and a yield of 7.20%. The ex-dividend date is Friday, September 23.
Banco BBVA Argentina Stock up 1.3%
Banco BBVA Argentina stock traded down $0.04 during trading hours on Friday, hitting $3.18. The stock recorded a trading volume of 342,998 shares, compared to an average volume of 543,786 shares. The company has a market cap of $649.47 million, a price-earnings ratio of 2.49, and a beta of 1.39. The company has a debt ratio of 0.09, a current ratio of 0.72 and a quick ratio of 0.76. The company’s 50-day moving average price is $2.76 and its 200-day moving average price is $2.94. Banco BBVA Argentina has a 52-week low of $2.03 and a 52-week high of $4.48.
Wall Street analysts predict growth
Separately, StockNews.com upgraded Banco BBVA Argentina from a “hold” rating to a “buy” rating in a Friday, August 26 research report.
Hedge funds weigh on Banco BBVA Argentina
A number of hedge funds have recently changed their holdings in the company. Arrowstreet Capital Limited Partnership increased its stake in Banco BBVA Argentina by 32.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 698,352 shares of the bank valued at $2,479,000 after acquiring an additional 173,057 shares during the period. State Street Corp increased its stake in Banco BBVA Argentina by 273.3% in the second quarter. State Street Corp now owns 514,510 shares of the bank valued at $1,230,000 after acquiring an additional 376,680 shares during the period. Renaissance Technologies LLC increased its stake in Banco BBVA Argentina by 233.5% in the 1st quarter. Renaissance Technologies LLC now owns 317,588 shares of the bank valued at $1,127,000 after acquiring an additional 222,368 shares during the period. Verition Fund Management LLC bought a new position in Banco BBVA Argentina during Q1, valued at approximately $976,000. Finally, Envestnet Asset Management Inc. increased its stake in Banco BBVA Argentina by 37.5% during the second quarter. Envestnet Asset Management Inc. now owns 128,227 shares of the bank valued at $306,000 after acquiring an additional 34,961 shares during the period. 2.03% of the shares are currently held by hedge funds and other institutional investors.
Banco BBVA Argentina Company Profile
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Banco BBVA Argentina SA provides various banking products and services to individuals and businesses in Argentina. It provides retail banking products and services, such as checking and savings accounts, term deposits, credit cards, consumer and secured loans, mortgages, insurance and investment products to individuals; and products and services to small and medium-sized businesses, including financing products, factoring, checking accounts, term deposits, transactional and payroll services, insurance and investment products to businesses in the sector private.
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