Banco Bilbao Viscaya Argentaria (NYSE:BBVA) Hits New 12-Month High - What's Next?

Key Points

• BBVA reached a new 52-week high, trading as high as $29.15 and last changing hands at $29.1650, up 0.7% from its prior close. The stock remains above its 50-day and 200-day moving averages.
• Analyst sentiment is mixed but leans cautious: one analyst rates BBVA a Buy while seven assign Hold ratings, resulting in a consensus “Hold” rating after recent downgrades from Keefe, Bruyette & Woods and Bank of America.
• BBVA reported quarterly earnings per share of $0.62 on $11.99 billion in revenue, with an 18.05% return on equity and 27.75% net margin. Institutional investors own a relatively small 2.96% of the company.

Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Get Free Report)'s share price reached a new 52-week high during trading on Monday . The company traded as high as $29.15 and last traded at $29.1650, with a volume of 42924 shares traded. The stock had previously closed at $29.04.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BBVA. Keefe, Bruyette & Woods lowered Banco Bilbao Viscaya Argentaria from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, August 12th. Bank of America downgraded Banco Bilbao Viscaya Argentaria from a "buy" rating to a "neutral" rating in a research note on Wednesday, July 15th. Weiss Ratings reiterated a "buy (b)" rating on shares of Banco Bilbao Viscaya Argentaria in a research report on Friday, July 31st. Finally, Wall Street Zen raised shares of Banco Bilbao Viscaya Argentaria from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. One investment analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Banco Bilbao Viscaya Argentaria has an average rating of "Hold".

Banco Bilbao Viscaya Argentaria Stock Up 0.7%

The company has a 50 day moving average of $26.32 and a 200-day moving average of $23.81. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market cap of $163.16 billion, a P/E ratio of 13.29, a price-to-earnings-growth ratio of 0.76 and a beta of 0.80.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA - Get Free Report) last released its quarterly earnings results on Tuesday, June 30th. The bank reported $0.62 earnings per share for the quarter. The firm had revenue of $11.99 billion for the quarter. Banco Bilbao Viscaya Argentaria had a return on equity of 18.05% and a net margin of 27.75%. On average, equities analysts predict that Banco Bilbao Viscaya Argentaria S.A. will post 2.42 earnings per share for the current year.

Institutional Investors Weigh In On Banco Bilbao Viscaya Argentaria

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BBVA. Basepoint Wealth LLC bought a new position in shares of Banco Bilbao Viscaya Argentaria in the 4th quarter worth approximately $26,000. Root Financial Partners LLC raised its position in shares of Banco Bilbao Viscaya Argentaria by 59.6% in the 4th quarter. Root Financial Partners LLC now owns 1,141 shares of the bank's stock worth $27,000 after purchasing an additional 426 shares during the last quarter. Whipplewood Advisors LLC bought a new position in Banco Bilbao Viscaya Argentaria in the 1st quarter worth about $27,000. Harbour Investments Inc. grew its position in Banco Bilbao Viscaya Argentaria by 84.1% during the 4th quarter. Harbour Investments Inc. now owns 1,259 shares of the bank's stock valued at $29,000 after purchasing an additional 575 shares during the last quarter. Finally, TD Waterhouse Canada Inc. increased its stake in Banco Bilbao Viscaya Argentaria by 50.9% during the 4th quarter. TD Waterhouse Canada Inc. now owns 1,304 shares of the bank's stock valued at $30,000 after purchasing an additional 440 shares in the last quarter. 2.96% of the stock is currently owned by institutional investors.

Banco Bilbao Viscaya Argentaria Company Profile

Banco Bilbao Vizcaya Argentaria NYSE: BBVA is a Spanish multinational financial services group headquartered in Bilbao, Spain. The bank traces its roots to several historic regional banks and was formed through a series of mergers that consolidated its position as one of Spain's largest banking groups. BBVA operates as a universal bank offering a broad range of financial services to retail, corporate and institutional clients.

BBVA's core businesses include retail and commercial banking, corporate and investment banking, private banking and wealth management, asset management, and insurance.

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