Prepare Yourself for Liftoff: Banco BBVA Argentina S.A. (BBAR)

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.

Institutional Ownership:

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.

Analysts Ratings:

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.

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