Banco BBVA Argentina S.A. (NYSE: BBAR) stock fell -0.98% on Friday to $5.06 against a previous-day closing price of $5.11. With 0.59 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.69 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $5.15 whereas the lowest price it dropped to was $4.96. The 52-week range on BBAR shows that it touched its highest point at $6.34 and its lowest point at $2.48 during that stretch. It currently has a 1-year price target of $5.80. With its current market cap of 2.12 billion, BBAR has annualized dividend of $0.04 while the current yield stands at 0.69%. Beta for the stock currently stands at 1.32.
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 up-trending over the past week, with a rise of 2.85%, but this was down by -1.09% over a month. Three-month performance dropped to -5.45% while six-month performance rose 27.21%. The stock gained 63.75% in the past year, while it has gained 35.04% so far this year. A look at the trailing 12-month EPS for BBAR yields 1.15 with Next year EPS estimates of 0.46. 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 Aug 30, 2023, short shares totaled 1.01 million, which was 0.49% higher than short shares on Jul 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 2.00% of BBAR’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 2.21% of BBAR, in contrast to 0.44% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in BBAR with 0.54% of the stake, Millennium Management LLC holds 1,104,293 shares worth 1,104,293. A second-largest stockholder of BBAR, Arrowstreet Capital LP, holds 953,074 shares, controlling over 0.47% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in BBAR, holding 343,003 shares or 0.17% stake. With a 0.17% stake in BBAR, the SPDR S&P Kensho New Economies Com is the largest stakeholder. A total of 345,913 shares are owned by the mutual fund manager. The Global X MSCI Argentina ETF, which owns about 0.13% of BBAR stock, is the second-largest Mutual Fund holder. It holds 262,812 shares valued at 1.5 million. HAMCO Global Value Fund, FI holds 0.06% of the stake in BBAR, owning 127,484 shares worth 0.73 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 $4.50 and a low target of $4.50, the average target price over the next 12 months is $4.50. Based on these targets, BBAR could drop -11.07% to reach the target high and fall by -11.07% to reach the target low. Reaching the average price target will result in a decline of -11.07% 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.