Banco Bilbao Viscaya Argentaria (NYSE:BBVA) Shares Gap Down - Time to Sell?

Key Points

• Shares gapped down: BBVA opened at $21.21 after a $22.00 close and last traded around $21.10, trading below its 50- and 200-day moving averages (≈$22.05 and $22.34).
• Analyst sentiment has cooled with multiple downgrades; the stock now has one Buy and five Hold ratings and an average rating of Hold.
• Key fundamentals: market cap ≈ $118.7B, P/E 9.90, PEG 0.58; the bank reported $0.59 EPS on $12.33B revenue for the quarter and paid a $0.7084 dividend (article cites a 626.0% yield).

Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $22.00, but opened at $21.21. Banco Bilbao Viscaya Argentaria shares last traded at $21.0990, with a volume of 196,100 shares.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on BBVA shares. Royal Bank Of Canada lowered shares of Banco Bilbao Viscaya Argentaria from an "outperform" rating to a "sector perform" rating in a research note on Wednesday, January 28th. Barclays lowered shares of Banco Bilbao Viscaya Argentaria from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 15th. Weiss Ratings downgraded Banco Bilbao Viscaya Argentaria from a "buy (a-)" rating to a "buy (b+)" rating in a research report on Thursday, April 2nd. Zacks Research lowered Banco Bilbao Viscaya Argentaria from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, March 10th. Finally, Wall Street Zen upgraded Banco Bilbao Viscaya Argentaria from a "hold" rating to a "buy" rating in a research note on Saturday, February 21st. One equities research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold".

Banco Bilbao Viscaya Argentaria Price Performance

The business has a fifty day simple moving average of $22.05 and a 200 day simple moving average of $22.34. The firm has a market cap of $118.72 billion, a price-to-earnings ratio of 9.90, a PEG ratio of 0.58 and a beta of 0.81.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA - Get Free Report) last issued its quarterly earnings results on Tuesday, March 31st. The bank reported $0.59 EPS for the quarter. The firm had revenue of $12.33 billion during the quarter. Banco Bilbao Viscaya Argentaria had a return on equity of 17.69% and a net margin of 28.21%. On average, research analysts anticipate that Banco Bilbao Viscaya Argentaria S.A. will post 2.26 earnings per share for the current fiscal year.

Banco Bilbao Viscaya Argentaria Announces Dividend

The firm also recently announced a dividend, which was paid on Monday, April 27th. Stockholders of record on Thursday, April 9th were given a $0.7084 dividend. This represents a dividend yield of 626.0%. The ex-dividend date was Thursday, April 9th. Banco Bilbao Viscaya Argentaria's dividend payout ratio is 57.87%.

Institutional Trading of Banco Bilbao Viscaya Argentaria

Several large investors have recently bought and sold shares of the business. Teachers Retirement System of The State of Kentucky purchased a new position in Banco Bilbao Viscaya Argentaria in the 1st quarter worth approximately $4,471,000. Diversify Wealth Management LLC grew its position in shares of Banco Bilbao Viscaya Argentaria by 42.4% in the first quarter. Diversify Wealth Management LLC now owns 185,755 shares of the bank's stock valued at $3,955,000 after purchasing an additional 55,304 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of Banco Bilbao Viscaya Argentaria by 4.6% in the first quarter. Sequoia Financial Advisors LLC now owns 125,172 shares of the bank's stock valued at $2,711,000 after purchasing an additional 5,546 shares during the last quarter. DMC Group LLC increased its holdings in shares of Banco Bilbao Viscaya Argentaria by 47.7% in the first quarter. DMC Group LLC now owns 20,299 shares of the bank's stock valued at $440,000 after purchasing an additional 6,558 shares during the last quarter. Finally, Hsbc Holdings PLC purchased a new position in Banco Bilbao Viscaya Argentaria during the first quarter worth approximately $224,000. Hedge funds and other institutional investors own 2.96% of the company's stock.

About Banco Bilbao Viscaya Argentaria

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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