Banco Bilbao Viscaya Argentaria (NYSE:BBVA) Sets New 52-Week High - Here's What Happened

Key Points

• BBVA shares reached a new 52-week high, trading as high as $28.74 and last changing hands at $28.665, up 0.8% from the prior close.
• Analyst sentiment remains cautious: one analyst rates the stock Buy while six rate it Hold, resulting in MarketBeat’s average rating of Hold.
• BBVA reported quarterly EPS of $0.62 on $11.99 billion in revenue, with an 18.05% return on equity and a 27.75% net margin; analysts expect full-year EPS of $2.37.

Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Get Free Report) shares reached a new 52-week high on Tuesday . The stock traded as high as $28.74 and last traded at $28.6650, with a volume of 401954 shares. The stock had previously closed at $28.35.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on BBVA shares. UBS Group restated a "neutral" rating on shares of Banco Bilbao Viscaya Argentaria in a report on Monday, April 20th. Weiss Ratings reiterated a "buy (b)" rating on shares of Banco Bilbao Viscaya Argentaria in a report on Friday, July 31st. Bank of America lowered Banco Bilbao Viscaya Argentaria from a "buy" rating to a "neutral" rating in a research report on Wednesday, July 15th. Wall Street Zen raised Banco Bilbao Viscaya Argentaria from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, Barclays lowered Banco Bilbao Viscaya Argentaria from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, April 15th. One investment analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Banco Bilbao Viscaya Argentaria currently has an average rating of "Hold".

Banco Bilbao Viscaya Argentaria Stock Up 0.8%

The stock has a market cap of $163.20 billion, a price-to-earnings ratio of 13.00, a price-to-earnings-growth ratio of 0.76 and a beta of 0.80. The firm's fifty day moving average price is $25.24 and its two-hundred day moving average price is $23.60. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.06 and a quick ratio of 1.06.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA - Get Free Report) last issued its earnings results on Tuesday, June 30th. The bank reported $0.62 EPS for the quarter. Banco Bilbao Viscaya Argentaria had a return on equity of 18.05% and a net margin of 27.75%.The company had revenue of $11.99 billion during the quarter. Sell-side analysts forecast that Banco Bilbao Viscaya Argentaria S.A. will post 2.37 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Banco Bilbao Viscaya Argentaria

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

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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