Banco BBVA Argentina S.A. (NYSE: BBAR) stock jumped 1.15% on Wednesday to $4.41 against a previous-day closing price of $4.36. With 0.66 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.68 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $4.4200 whereas the lowest price it dropped to was $4.1900. The 52-week range on BBAR shows that it touched its highest point at $5.29 and its lowest point at $1.94 during that stretch. It currently has a 1-year price target of $5.33. With its current market cap of 1.92 billion, BBAR has annualized dividend of $0.04 while the current yield stands at 0.79%. Beta for the stock currently stands at 1.18.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BBAR was down-trending over the past week, with a drop of -1.56%, but this was down by -0.23% over a month. Three-month performance dropped to -7.93% while six-month performance rose 65.15%. The stock gained 53.13% in the past year, while it has gained 13.08% so far this year. A look at the trailing 12-month EPS for BBAR yields 1.24 with Next year EPS estimates of 0.22. EPS is expected to grow by 31.93% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 65.00%.
Float and Shares Shorts:
At present, 204.24 million BBAR shares are outstanding with a float of 69.24 million shares on hand for trading. On Apr 27, 2023, short shares totaled 0.63 million, which was 0.31% higher than short shares on Mar 30, 2023. In addition to Mr. Martin Ezequiel Zarich as the firm’s Chief Exec. Officer, Ms. Maria Veronica Incera serves as its Chief Corp. & Investment Banking Officer.
Through their ownership of 2.07% of BBAR’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 1.47% of BBAR, in contrast to 0.45% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in BBAR with 0.48% of the stake, Arrowstreet Capital LP holds 980,478 shares worth 980,478. A second-largest stockholder of BBAR, D. E. Shaw & Co. LP, holds 420,667 shares, controlling over 0.21% of the firm’s shares. Renaissance Technologies LLC is the third largest shareholder in BBAR, holding 314,700 shares or 0.15% stake. With a 0.14% stake in BBAR, the SPDR S&P Kensho New Economies Com is the largest stakeholder. A total of 281,630 shares are owned by the mutual fund manager. The HAMCO Global Value Fund, FI, which owns about 0.13% of BBAR stock, is the second-largest Mutual Fund holder. It holds 257,380 shares valued at 1.1 million. Global X MSCI Argentina ETF holds 0.09% of the stake in BBAR, owning 192,962 shares worth 0.83 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BBAR since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With BBAR analysts setting a high price target of $7.50 and a low target of $7.50, the average target price over the next 12 months is $7.50. Based on these targets, BBAR could surge 70.07% to reach the target high and rise by 70.07% to reach the target low. Reaching the average price target will result in a growth of 70.07% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.