Banco Bilbao Viscaya Argentaria's (BBVA) Buy (B) Rating Reaffirmed at Weiss Ratings

Key Points

• Banco Bilbao Viscaya Argentaria's (BBVA) stock received a reaffirmed Buy rating from Weiss Ratings, suggesting positive investor sentiment.
• Barclays upgraded BBVA from an "equal weight" to an "overweight" rating, while Wall Street Zen downgraded it from "buy" to "hold," leading to a current consensus rating of "Buy" from analysts.
• The bank reported an earnings per share (EPS) of $0.52 in its last quarterly results, exceeding analysts' expectations and reflecting a strong net margin of 29.17% and a return on equity of 17.61%.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA - Get Free Report)'s stock had its "buy (b)" rating reiterated by investment analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Other equities research analysts also recently issued research reports about the stock. Barclays raised shares of Banco Bilbao Viscaya Argentaria from an "equal weight" rating to an "overweight" rating in a research report on Thursday, August 7th. Wall Street Zen cut shares of Banco Bilbao Viscaya Argentaria from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Banco Bilbao Viscaya Argentaria currently has a consensus rating of "Buy".

Banco Bilbao Viscaya Argentaria Stock Performance

NYSE:BBVA traded up $0.33 during trading hours on Wednesday, reaching $18.92. The company had a trading volume of 1,630,370 shares, compared to its average volume of 2,114,559. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.18. Banco Bilbao Viscaya Argentaria has a 52 week low of $9.23 and a 52 week high of $19.42. The firm has a market cap of $110.45 billion, a price-to-earnings ratio of 9.96, a PEG ratio of 0.99 and a beta of 1.19. The firm's 50 day moving average price is $18.55 and its 200-day moving average price is $15.93.

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

Institutional Trading of Banco Bilbao Viscaya Argentaria

Hedge funds have recently bought and sold shares of the stock. Peapack Gladstone Financial Corp raised its position in shares of Banco Bilbao Viscaya Argentaria by 4.1% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 14,304 shares of the bank's stock valued at $220,000 after buying an additional 563 shares in the last quarter. Seeds Investor LLC raised its position in shares of Banco Bilbao Viscaya Argentaria by 4.1% during the 2nd quarter. Seeds Investor LLC now owns 14,956 shares of the bank's stock valued at $230,000 after buying an additional 584 shares in the last quarter. ICONIQ Capital LLC raised its position in shares of Banco Bilbao Viscaya Argentaria by 1.8% during the 2nd quarter. ICONIQ Capital LLC now owns 35,602 shares of the bank's stock valued at $547,000 after buying an additional 644 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Banco Bilbao Viscaya Argentaria by 1.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 43,444 shares of the bank's stock valued at $668,000 after buying an additional 670 shares in the last quarter. Finally, Focus Partners Wealth raised its position in shares of Banco Bilbao Viscaya Argentaria by 4.3% during the 1st quarter. Focus Partners Wealth now owns 17,923 shares of the bank's stock valued at $244,000 after buying an additional 732 shares in the last quarter. Hedge funds and other institutional investors own 2.96% of the company's stock.

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.

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