Banco Bilbao Viscaya Argentaria (NYSE:BBVA) Sets New 1-Year High - Here's Why

Key Points

• Banco Bilbao Viscaya Argentaria (BBVA) shares hit a new 52-week high of $19.39, reflecting a significant increase from its previous close of $19.12.
• Recent analyst ratings include a downgrade from "buy" to "hold" by Wall Street Zen, while Barclays upgraded the stock to "overweight," with a current consensus rating of "Buy."
• The bank reported earnings of $0.52 per share for the last quarter, surpassing analyst expectations, and has a market capitalization of $112.76 billion.

Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Get Free Report) shares reached a new 52-week high on Friday . The company traded as high as $19.39 and last traded at $19.39, with a volume of 217330 shares. The stock had previously closed at $19.12.

Analysts Set New Price Targets

A number of equities analysts recently commented on BBVA shares. Wall Street Zen cut Banco Bilbao Viscaya Argentaria from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. Barclays upgraded shares of Banco Bilbao Viscaya Argentaria from an "equal weight" rating to an "overweight" rating in a research report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy".

Banco Bilbao Viscaya Argentaria Stock Up 1.0%

The company has a debt-to-equity ratio of 1.18, a current ratio of 1.01 and a quick ratio of 1.01. The business's 50 day moving average is $17.52 and its 200-day moving average is $15.47. The company has a market cap of $112.76 billion, a PE ratio of 10.16, a P/E/G ratio of 1.00 and a beta of 1.20.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Financial Management Professionals Inc. raised its stake in shares of Banco Bilbao Viscaya Argentaria by 105.9% in the second quarter. Financial Management Professionals Inc. now owns 1,845 shares of the bank's stock worth $28,000 after acquiring an additional 949 shares during the last quarter. Alpine Bank Wealth Management bought a new stake in Banco Bilbao Viscaya Argentaria in the first quarter valued at $29,000. Twin Peaks Wealth Advisors LLC bought a new position in Banco Bilbao Viscaya Argentaria in the 2nd quarter valued at $30,000. Private Trust Co. NA boosted its holdings in Banco Bilbao Viscaya Argentaria by 224.7% in the 1st quarter. Private Trust Co. NA now owns 2,607 shares of the bank's stock valued at $36,000 after purchasing an additional 1,804 shares during the period. Finally, Cullen Frost Bankers Inc. bought a new stake in Banco Bilbao Viscaya Argentaria in the first quarter valued at approximately $46,000. 2.96% of the stock is currently owned by institutional investors and hedge funds.

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.

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