There is no way Banco BBVA Argentina S.A. (BBAR) can keep these numbers up

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.

Institutional Ownership:

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.

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 $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.