Banco Bilbao Viscaya Argentaria (NYSE:BBVA) Shares Gap Down - What's Next?

Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Get Free Report)'s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $15.32, but opened at $14.85. Banco Bilbao Viscaya Argentaria shares last traded at $14.82, with a volume of 297,736 shares.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Banco Bilbao Viscaya Argentaria from a "hold" rating to a "buy" rating in a report on Saturday. One equities research analyst has rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy".

Banco Bilbao Viscaya Argentaria Price Performance

The stock has a fifty day moving average price of $14.78 and a two-hundred day moving average price of $12.99. The company has a market cap of $89.00 billion, a P/E ratio of 8.07, a PEG ratio of 1.48 and a beta of 1.08.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA - Get Free Report) last posted its earnings results on Tuesday, April 29th. The bank reported $0.47 EPS for the quarter, meeting the consensus estimate of $0.47. Banco Bilbao Viscaya Argentaria had a return on equity of 17.97% and a net margin of 28.85%. The firm had revenue of $10.61 billion for the quarter, compared to analysts' expectations of $9.12 billion. As a group, analysts forecast that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 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 modified their holdings of the stock. Alpine Bank Wealth Management acquired a new position in shares of Banco Bilbao Viscaya Argentaria during the first quarter valued at approximately $29,000. Private Trust Co. NA increased its stake in shares of Banco Bilbao Viscaya Argentaria by 224.7% during the first quarter. Private Trust Co. NA now owns 2,607 shares of the bank's stock valued at $36,000 after acquiring an additional 1,804 shares during the period. Cullen Frost Bankers Inc. acquired a new position in shares of Banco Bilbao Viscaya Argentaria during the first quarter valued at approximately $46,000. Huntington National Bank increased its stake in shares of Banco Bilbao Viscaya Argentaria by 96.7% during the fourth quarter. Huntington National Bank now owns 3,616 shares of the bank's stock valued at $35,000 after acquiring an additional 1,778 shares during the period. Finally, Bessemer Group Inc. increased its stake in shares of Banco Bilbao Viscaya Argentaria by 25.3% during the first quarter. Bessemer Group Inc. now owns 3,901 shares of the bank's stock valued at $53,000 after acquiring an additional 787 shares during the period. 2.96% of the stock is currently owned by 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.