BBVA Banco Frances (BFR) Stock Price Down 8.5%

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BBVA Banco Frances S.A. (NYSE:BFR) shares traded down 8.5% during trading on Friday . The company traded as low as $9.60 and last traded at $9.62. 755,139 shares changed hands during trading, an increase of 67% from the average session volume of 452,056 shares. The stock had previously closed at $10.51.

A number of research analysts recently commented on the stock. Zacks Investment Research lowered shares of BBVA Banco Frances from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 6th. ValuEngine lowered shares of BBVA Banco Frances from a “sell” rating to a “strong sell” rating in a research note on Friday, February 15th. Finally, Santander upgraded shares of BBVA Banco Frances from a “hold” rating to a “buy” rating in a research note on Friday, March 15th.

The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.21. The company has a market cap of $2.24 billion, a P/E ratio of 8.44 and a beta of 0.36.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Barclays PLC increased its stake in shares of BBVA Banco Frances by 1,057.5% during the fourth quarter. Barclays PLC now owns 2,639 shares of the bank’s stock valued at $30,000 after acquiring an additional 2,411 shares during the period. NumerixS Investment Technologies Inc acquired a new position in shares of BBVA Banco Frances during the fourth quarter valued at approximately $36,000. Quantamental Technologies LLC bought a new stake in BBVA Banco Frances during the fourth quarter worth approximately $67,000. Marshall Wace LLP bought a new stake in BBVA Banco Frances during the third quarter worth approximately $124,000. Finally, Legal & General Group Plc bought a new stake in BBVA Banco Frances during the third quarter worth approximately $197,000. Institutional investors and hedge funds own 14.28% of the company’s stock.

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About BBVA Banco Frances (NYSE:BFR)

BBVA Banco Francés SA, together with its subsidiaries, provides financial services to small and medium enterprises, and individual customers in Spain, Mexico, South America, the United States, Turkey, and rest of Eurasia. The company offers current, checking, and savings accounts, as well as demand and time deposits.

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