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Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Shares Gap Down - Here's Why

Banco Bilbao Vizcaya Argentaria logo with Finance background

Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $15.54, but opened at $15.01. Banco Bilbao Vizcaya Argentaria shares last traded at $15.06, with a volume of 283,486 shares trading hands.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Wall Street Zen lowered shares of Banco Bilbao Vizcaya Argentaria from a "buy" rating to a "hold" rating in a research report 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 report 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 company's stock. According to MarketBeat.com, Banco Bilbao Vizcaya Argentaria currently has a consensus rating of "Buy".

Check Out Our Latest Stock Analysis on Banco Bilbao Vizcaya Argentaria

Banco Bilbao Vizcaya Argentaria Stock Down 2.7%

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 firm has a market capitalization of $88.24 billion, a price-to-earnings ratio of 8.36, a P/E/G ratio of 0.80 and a beta of 1.08. The stock has a 50 day moving average of $14.44 and a 200 day moving average of $12.70.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The bank reported $0.47 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.47. Banco Bilbao Vizcaya Argentaria had a return on equity of 17.49% and a net margin of 28.10%. The business had revenue of $10.61 billion during the quarter, compared to analyst estimates of $9.12 billion. As a group, analysts expect that Banco Bilbao Vizcaya Argentaria, S.A. will post 1.59 earnings per share for the current fiscal year.

Banco Bilbao Vizcaya Argentaria Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Friday, April 25th. Investors of record on Wednesday, April 9th were paid a dividend of $0.4439 per share. The ex-dividend date of this dividend was Wednesday, April 9th. This is a positive change 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%.

Institutional Investors Weigh In On Banco Bilbao Vizcaya Argentaria

Several hedge funds have recently modified their holdings of BBVA. American Century Companies Inc. boosted its stake in Banco Bilbao Vizcaya Argentaria by 7.5% in the 4th quarter. American Century Companies Inc. now owns 2,226,849 shares of the bank's stock worth $21,645,000 after purchasing an additional 156,006 shares during the period. Savant Capital LLC grew its holdings in shares of Banco Bilbao Vizcaya Argentaria by 10.0% during the fourth quarter. Savant Capital LLC now owns 47,217 shares of the bank's stock valued at $459,000 after buying an additional 4,302 shares in the last quarter. LPL Financial LLC lifted its stake in Banco Bilbao Vizcaya Argentaria by 189.4% in the 4th quarter. LPL Financial LLC now owns 397,979 shares of the bank's stock worth $3,868,000 after acquiring an additional 260,472 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Banco Bilbao Vizcaya Argentaria by 17.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 444,961 shares of the bank's stock worth $4,325,000 after acquiring an additional 67,431 shares during the period. Finally, Cetera Investment Advisers grew its stake in Banco Bilbao Vizcaya Argentaria by 21.5% during the 4th quarter. Cetera Investment Advisers now owns 205,919 shares of the bank's stock valued at $2,002,000 after acquiring an additional 36,473 shares in the last quarter. 2.96% of the stock is owned by hedge funds and other institutional investors.

About Banco Bilbao Vizcaya Argentaria

(Get Free Report)

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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