RNC Capital Management LLC Buys New Shares in Banco Bilbao Viscaya Argentaria S.A. $BBVA

Key Points

• RNC Capital Management LLC acquired 28,919 shares of Banco Bilbao Viscaya Argentaria S.A. (BBVA) during the first quarter, valued at approximately $394,000.
• Banco Bilbao Viscaya Argentaria's stock was recently upgraded from "equal weight" to "overweight" by Barclays, while the consensus rating remains a "Buy" from various analysts.
• The bank reported a quarterly earnings of $0.52 per share, surpassing analyst expectations of $0.47, with a revenue of $10.30 billion.

RNC Capital Management LLC purchased a new stake in Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 28,919 shares of the bank's stock, valued at approximately $394,000.

A number of other institutional investors have also recently modified their holdings of BBVA. Jane Street Group LLC purchased a new stake in Banco Bilbao Viscaya Argentaria during the fourth quarter worth $863,000. Ameriprise Financial Inc. boosted its position in Banco Bilbao Viscaya Argentaria by 4.2% during the fourth quarter. Ameriprise Financial Inc. now owns 141,626 shares of the bank's stock worth $1,377,000 after purchasing an additional 5,651 shares in the last quarter. Bank of America Corp DE boosted its position in Banco Bilbao Viscaya Argentaria by 13.7% during the fourth quarter. Bank of America Corp DE now owns 5,108,410 shares of the bank's stock worth $49,654,000 after purchasing an additional 613,563 shares in the last quarter. Cetera Investment Advisers boosted its position in Banco Bilbao Viscaya Argentaria by 21.5% during the fourth quarter. Cetera Investment Advisers now owns 205,919 shares of the bank's stock worth $2,002,000 after purchasing an additional 36,473 shares in the last quarter. Finally, Focus Partners Wealth boosted its position in Banco Bilbao Viscaya Argentaria by 34.6% during the fourth quarter. Focus Partners Wealth now owns 17,191 shares of the bank's stock worth $172,000 after purchasing an additional 4,415 shares in the last quarter. 2.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BBVA has been the topic of a number of research analyst reports. Barclays upgraded Banco Bilbao Viscaya Argentaria from an "equal weight" rating to an "overweight" rating in a research report on Thursday, August 7th. Wall Street Zen downgraded Banco Bilbao Viscaya Argentaria from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Buy".

Banco Bilbao Viscaya Argentaria Price Performance

Shares of NYSE BBVA traded down $0.05 during trading on Friday, reaching $19.06. The company had a trading volume of 823,853 shares, compared to its average volume of 1,185,564. Banco Bilbao Viscaya Argentaria S.A. has a twelve month low of $9.23 and a twelve month high of $19.39. The stock has a market capitalization of $111.27 billion, a PE ratio of 10.03, a price-to-earnings-growth ratio of 1.01 and a beta of 1.20. The stock has a 50-day moving average price of $17.24 and a two-hundred day moving average price of $15.34. 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 (NYSE:BBVA - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The bank reported $0.52 earnings per share for the quarter, topping analysts' consensus estimates of $0.47 by $0.05. Banco Bilbao Viscaya Argentaria had a return on equity of 17.61% and a net margin of 29.17%.The company had revenue of $10.30 billion during the quarter, compared to analysts' expectations of $10.24 billion. As a group, sell-side analysts predict that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 earnings per share for the current year.

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.