Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Hits New 52-Week High - Should You Buy?

Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA - Get Free Report)'s share price reached a new 52-week high on Monday . The stock traded as high as $15.67 and last traded at $15.58, with a volume of 3575997 shares. The stock had previously closed at $15.08.

Analyst Ratings Changes

Several analysts have commented on BBVA shares. Wall Street Zen cut shares of Banco Bilbao Vizcaya Argentaria from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Kepler Capital Markets upgraded shares of Banco Bilbao Vizcaya Argentaria from a "reduce" rating to a "hold" rating in a research note on Thursday, February 27th. Two equities research analysts have rated the stock with a hold rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy".

Banco Bilbao Vizcaya Argentaria Trading Up 3.3%

The company has a quick ratio of 0.27, a current ratio of 1.01 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $90.97 billion, a P/E ratio of 8.61, a PEG ratio of 0.80 and a beta of 1.08. The firm's 50-day simple moving average is $14.36 and its 200 day simple moving average is $12.66.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The bank reported $0.47 EPS for the quarter, hitting the consensus estimate of $0.47. The business had revenue of $10.61 billion during the quarter, compared to analysts' expectations of $9.12 billion. Banco Bilbao Vizcaya Argentaria had a net margin of 28.10% and a return on equity of 17.49%. Equities research analysts anticipate that Banco Bilbao Vizcaya Argentaria, S.A. will post 1.59 EPS for the current fiscal year.

Banco Bilbao Vizcaya Argentaria Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Friday, April 25th. Investors of record on Wednesday, April 9th were issued a $0.4439 dividend. The ex-dividend date was Wednesday, April 9th. This is a boost from Banco Bilbao Vizcaya Argentaria's previous semi-annual dividend of $0.11. This represents a yield of 4.3%. Banco Bilbao Vizcaya Argentaria's dividend payout ratio is currently 39.15%.

Hedge Funds Weigh In On Banco Bilbao Vizcaya Argentaria

Several institutional investors have recently bought and sold shares of BBVA. Symmetry Investments LP acquired a new stake in shares of Banco Bilbao Vizcaya Argentaria in the fourth quarter worth $27,647,000. Northern Trust Corp boosted its holdings in Banco Bilbao Vizcaya Argentaria by 48.6% during the fourth quarter. Northern Trust Corp now owns 7,418,877 shares of the bank's stock valued at $72,111,000 after acquiring an additional 2,424,880 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Banco Bilbao Vizcaya Argentaria by 10.2% in the first quarter. Goldman Sachs Group Inc. now owns 10,941,273 shares of the bank's stock valued at $149,020,000 after purchasing an additional 1,014,305 shares during the last quarter. Millennium Management LLC grew its position in shares of Banco Bilbao Vizcaya Argentaria by 514.5% in the fourth quarter. Millennium Management LLC now owns 951,350 shares of the bank's stock valued at $9,247,000 after purchasing an additional 796,526 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Banco Bilbao Vizcaya Argentaria in the fourth quarter worth about $7,333,000. 2.96% of the stock is currently owned by institutional investors.

Banco Bilbao Vizcaya 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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