Banco Bilbao Viscaya Argentaria (NYSE:BBVA) Sets New 12-Month High - Here's What Happened

Key Points

• Banco Bilbao Viscaya Argentaria (BBVA) shares reached a new 52-week high of $17.33, with a last recorded price of $17.28 and a trading volume of over 1.4 million shares.
• Despite the stock's performance, Wall Street Zen downgraded its rating from "buy" to "hold" in early July.
• The bank reported earnings per share (EPS) of $0.52 for the quarter, surpassing expectations by $0.05, with a net margin of 29.17% and anticipated EPS of 1.59 for the current year.

Shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Get Free Report) hit a new 52-week high on Wednesday . The company traded as high as $17.33 and last traded at $17.28, with a volume of 1474519 shares trading hands. The stock had previously closed at $17.06.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on BBVA. Barclays raised Banco Bilbao Viscaya Argentaria from an "equal weight" rating to an "overweight" rating in a research report on Thursday. Wall Street Zen downgraded 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 Performance

The company has a debt-to-equity ratio of 1.18, a current ratio of 1.01 and a quick ratio of 0.22. The firm has a market cap of $108.44 billion, a price-to-earnings ratio of 9.78, a P/E/G ratio of 1.46 and a beta of 1.12. The firm has a fifty day simple moving average of $15.51 and a two-hundred day simple moving average of $14.19.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its stake in shares of Banco Bilbao Viscaya Argentaria by 1.6% in the second quarter. Allspring Global Investments Holdings LLC now owns 43,444 shares of the bank's stock worth $668,000 after purchasing an additional 670 shares during the last quarter. Focus Partners Wealth raised its stake in shares of Banco Bilbao Viscaya Argentaria by 4.3% in the first quarter. Focus Partners Wealth now owns 17,923 shares of the bank's stock worth $244,000 after purchasing an additional 732 shares during the last quarter. Beverly Hills Private Wealth LLC lifted its holdings in Banco Bilbao Viscaya Argentaria by 3.5% in the first quarter. Beverly Hills Private Wealth LLC now owns 22,114 shares of the bank's stock valued at $301,000 after acquiring an additional 740 shares during the period. Manchester Capital Management LLC lifted its holdings in Banco Bilbao Viscaya Argentaria by 19.2% in the first quarter. Manchester Capital Management LLC now owns 4,643 shares of the bank's stock valued at $63,000 after acquiring an additional 748 shares during the period. Finally, UMB Bank n.a. lifted its holdings in Banco Bilbao Viscaya Argentaria by 12.8% in the second quarter. UMB Bank n.a. now owns 6,574 shares of the bank's stock valued at $101,000 after acquiring an additional 748 shares during the period. 2.96% of the stock is currently owned by hedge funds and other institutional investors.

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.