Banco Bilbao Viscaya Argentaria (NYSE:BBVA) Reaches New 12-Month High - Still a Buy?

Key Points

• Banco Bilbao Viscaya Argentaria (BBVA) stock reached a new 52-week high at $20.00 with a last traded price of $19.55, indicating strong market performance.
• Several analysts, including Barclays and Wall Street Zen, have upgraded BBVA's rating, reflecting growing confidence in the stock's potential.
• The bank announced a dividend of $0.3736 to be paid on November 24th, representing a yield of 395.0% with a payout ratio of 31.58%.

Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Get Free Report)'s stock price reached a new 52-week high on Thursday . The company traded as high as $20.00 and last traded at $19.55, with a volume of 3382413 shares trading hands. The stock had previously closed at $18.26.

Analyst Upgrades and Downgrades

A number of brokerages have commented on BBVA. Barclays upgraded Banco Bilbao Viscaya Argentaria from an "equal weight" rating to an "overweight" rating in a research report on Thursday, August 7th. Weiss Ratings restated a "buy (b)" rating on shares of Banco Bilbao Viscaya Argentaria in a report on Wednesday, October 8th. Finally, Wall Street Zen raised Banco Bilbao Viscaya Argentaria from a "hold" rating to a "buy" rating in a research note on Saturday, October 11th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy".

Banco Bilbao Viscaya Argentaria Trading Up 6.8%

The stock has a market capitalization of $113.84 billion, a PE ratio of 10.26, a P/E/G ratio of 0.98 and a beta of 1.19. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.18. The firm has a 50 day moving average price of $18.74 and a 200 day moving average price of $16.10.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The bank reported $0.52 EPS for the quarter, topping 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 firm had revenue of $10.30 billion during the quarter, compared to analyst estimates of $10.24 billion. Equities analysts expect that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 EPS for the current fiscal year.

Banco Bilbao Viscaya Argentaria Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Monday, November 24th. Investors of record on Thursday, November 6th will be issued a $0.3736 dividend. This represents a yield of 395.0%. The ex-dividend date is Thursday, November 6th. Banco Bilbao Viscaya Argentaria's payout ratio is presently 31.58%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC lifted its stake in Banco Bilbao Viscaya Argentaria by 48.5% in the first quarter. GAMMA Investing LLC now owns 16,135 shares of the bank's stock worth $220,000 after purchasing an additional 5,269 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new position in Banco Bilbao Viscaya Argentaria during the first quarter valued at $209,000. Wealth Enhancement Advisory Services LLC increased its holdings in Banco Bilbao Viscaya Argentaria by 3.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 34,767 shares of the bank's stock valued at $474,000 after buying an additional 1,222 shares in the last quarter. Sowell Financial Services LLC purchased a new position in Banco Bilbao Viscaya Argentaria in the first quarter valued at $244,000. Finally, Sagespring Wealth Partners LLC purchased a new stake in Banco Bilbao Viscaya Argentaria during the 1st quarter valued at about $278,000. Institutional investors own 2.96% of the company's stock.

About Banco Bilbao Viscaya Argentaria

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.

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