Banco Bilbao Viscaya Argentaria (NYSE:BBVA) Sets New 12-Month High - Time to Buy?

Key Points

• BBVA reached a new 52-week high, trading as high as $29.46 and last changing hands near $29.42. Its 50-day and 200-day moving averages stood at $27.04 and $24.06, respectively.
• Analyst sentiment remains cautious: one analyst rates the stock Buy while seven rate it Hold, resulting in a consensus Hold rating despite recent Buy upgrades and downgrades.
• BBVA reported $0.62 in quarterly earnings per share on $11.99 billion in revenue, with a 27.75% net margin and 18.05% return on equity. Analysts expect approximately $2.42 in earnings per share for the current fiscal year.

Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Get Free Report)'s share price reached a new 52-week high on Thursday . The company traded as high as $29.46 and last traded at $29.4230, with a volume of 102439 shares. The stock had previously closed at $29.16.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on BBVA shares. Weiss Ratings restated a "buy (b)" rating on shares of Banco Bilbao Viscaya Argentaria in a research report on Friday, July 31st. Bank of America downgraded Banco Bilbao Viscaya Argentaria from a "buy" rating to a "neutral" rating in a research report on Wednesday, July 15th. Keefe, Bruyette & Woods lowered Banco Bilbao Viscaya Argentaria from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, August 12th. Finally, Wall Street Zen upgraded Banco Bilbao Viscaya Argentaria from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. One equities research analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold".

Banco Bilbao Viscaya Argentaria Stock Performance

The stock has a market capitalization of $163.99 billion, a PE ratio of 13.36, a PEG ratio of 0.75 and a beta of 0.80. The business's 50 day moving average is $27.04 and its 200 day moving average is $24.06. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.77.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA - Get Free Report) last posted its quarterly earnings data on Tuesday, June 30th. The bank reported $0.62 earnings per share for the quarter. Banco Bilbao Viscaya Argentaria had a net margin of 27.75% and a return on equity of 18.05%. The company had revenue of $11.99 billion for the quarter. On average, equities research analysts predict that Banco Bilbao Viscaya Argentaria S.A. will post 2.42 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Banco Bilbao Viscaya Argentaria

A number of large investors have recently bought and sold shares of the business. Bank of America Corp DE increased its stake in Banco Bilbao Viscaya Argentaria by 28.0% in the second quarter. Bank of America Corp DE now owns 9,288,196 shares of the bank's stock worth $142,760,000 after purchasing an additional 2,034,318 shares during the period. Barclays PLC boosted its stake in shares of Banco Bilbao Viscaya Argentaria by 1,819.7% during the fourth quarter. Barclays PLC now owns 3,616,734 shares of the bank's stock valued at $84,306,000 after purchasing an additional 3,428,336 shares during the period. Royal Bank of Canada grew its holdings in shares of Banco Bilbao Viscaya Argentaria by 42.1% in the fourth quarter. Royal Bank of Canada now owns 1,481,671 shares of the bank's stock worth $34,539,000 after purchasing an additional 439,098 shares during the last quarter. Quantinno Capital Management LP increased its stake in Banco Bilbao Viscaya Argentaria by 23.3% in the 1st quarter. Quantinno Capital Management LP now owns 1,223,071 shares of the bank's stock worth $26,492,000 after buying an additional 231,330 shares during the period. Finally, Raymond James Financial Inc. increased its stake in Banco Bilbao Viscaya Argentaria by 36.8% in the 2nd quarter. Raymond James Financial Inc. now owns 1,212,776 shares of the bank's stock worth $18,640,000 after buying an additional 326,367 shares during the period. 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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