Banco Bilbao Viscaya Argentaria (NYSE:BBVA) Reaches New 52-Week High - Here's Why

Key Points

• Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) reached a new 52-week high at $18.68 amid trading activity of approximately 1.3 million shares.
• Analyst ratings for BBVA have fluctuated, with Wall Street Zen downgrading the stock from "buy" to "hold," while Barclays upgraded it from "equal weight" to "overweight."
• The bank recently reported a quarterly earnings of $0.52 per share, exceeding analysts' expectations, and expects an average earnings per share of 1.59 for the current fiscal year.

Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Get Free Report)'s share price reached a new 52-week high on Tuesday . The company traded as high as $18.68 and last traded at $18.60, with a volume of 1298497 shares traded. The stock had previously closed at $18.59.

Wall Street Analyst Weigh In

A number of analysts have weighed in on BBVA shares. Barclays raised Banco Bilbao Viscaya Argentaria from an "equal weight" rating to an "overweight" rating in a research report on Thursday, August 7th. Wall Street Zen cut Banco Bilbao Viscaya Argentaria from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th.

Banco Bilbao Viscaya Argentaria Stock Up 1.8%

The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a fifty day moving average price of $15.72 and a 200 day moving average price of $14.33. The firm has a market capitalization of $109.29 billion, a price-to-earnings ratio of 9.85, a PEG ratio of 1.44 and a beta of 1.12.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The bank reported $0.52 earnings per share for the quarter, beating analysts' consensus estimates of $0.47 by $0.05. Banco Bilbao Viscaya Argentaria had a return on equity of 17.61% and a net margin of 29.17%. The business had revenue of $10.30 billion during the quarter, compared to analysts' expectations of $10.24 billion. As a group, sell-side analysts expect that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 EPS for the current fiscal year.

Hedge Funds Weigh In On Banco Bilbao Viscaya Argentaria

Several hedge funds have recently bought and sold shares of the stock. First Trust Advisors LP lifted its stake in shares of Banco Bilbao Viscaya Argentaria by 2.9% in the second quarter. First Trust Advisors LP now owns 253,573 shares of the bank's stock worth $3,897,000 after acquiring an additional 7,055 shares in the last quarter. Guggenheim Capital LLC lifted its stake in shares of Banco Bilbao Viscaya Argentaria by 32.8% in the second quarter. Guggenheim Capital LLC now owns 100,613 shares of the bank's stock worth $1,546,000 after acquiring an additional 24,846 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Banco Bilbao Viscaya Argentaria by 25.6% in the second quarter. EverSource Wealth Advisors LLC now owns 49,474 shares of the bank's stock worth $760,000 after acquiring an additional 10,085 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Banco Bilbao Viscaya Argentaria by 4.2% in the second quarter. Invesco Ltd. now owns 62,693 shares of the bank's stock worth $964,000 after acquiring an additional 2,546 shares in the last quarter. Finally, CW Advisors LLC acquired a new position in shares of Banco Bilbao Viscaya Argentaria in the second quarter worth about $566,000. Hedge funds and other institutional investors own 2.96% of the company's stock.

Banco Bilbao Viscaya Argentaria Company Profile

Banco Bilbao Vizcaya Argentaria, SA provides retail banking, wholesale banking, and asset management services in the United States, Spain, Mexico, Turkey, South America, and internationally. The company offers savings account, demand deposits, and time deposits; and loan products, such as residential mortgages, other households, credit card loans, loans to enterprises and public sector, as well as consumer finance.