Banco Bilbao Viscaya Argentaria (NYSE:BBVA) Stock Breaks Below 50-Day Moving Average - Here's Why

Key Points

• BBVA shares fell below their 50-day moving average of $28.48, reaching as low as $26.24 before trading at $26.9540 on volume of about 1.72 million shares.
• Analyst sentiment is mixed but leans cautious: Keefe, Bruyette & Woods and Bank of America downgraded the stock, while other firms maintained or raised bullish ratings. The consensus rating is Hold, with one Buy and seven Holds.
• BBVA reported quarterly earnings of $0.62 per share on $11.99 billion in revenue, with a 27.75% net margin and 18.05% return on equity; analysts expect full-year EPS of $2.42.

Shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA - Get Free Report) crossed below its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $28.48 and traded as low as $26.24. Banco Bilbao Viscaya Argentaria shares last traded at $26.9540, with a volume of 1,718,592 shares traded.

Wall Street Analyst Weigh In

Several research firms have commented on BBVA. 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. Bank of America downgraded Banco Bilbao Viscaya Argentaria from a "buy" rating to a "neutral" rating in a research report on Wednesday, July 15th. Weiss Ratings restated a "buy (b)" rating on shares of Banco Bilbao Viscaya Argentaria in a report on Friday, July 31st. Finally, Wall Street Zen raised Banco Bilbao Viscaya Argentaria from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. One research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold".

Banco Bilbao Viscaya Argentaria Stock Up 0.3%

The business's fifty day moving average is $28.48 and its two-hundred day moving average is $25.01. The stock has a market cap of $150.43 billion, a price-to-earnings ratio of 12.25, a PEG ratio of 0.71 and a beta of 0.82. The company has a quick ratio of 1.06, a current 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 results on Tuesday, June 30th. The bank reported $0.62 EPS for the quarter. The business had revenue of $11.99 billion during the quarter. Banco Bilbao Viscaya Argentaria had a net margin of 27.75% and a return on equity of 18.05%. Equities analysts forecast that Banco Bilbao Viscaya Argentaria S.A. will post 2.42 earnings per share for the current fiscal year.

Institutional Trading of Banco Bilbao Viscaya Argentaria

A number of large investors have recently made changes to their positions in the company. Greenspring Advisors LLC boosted its position in shares of Banco Bilbao Viscaya Argentaria by 3.3% during the 2nd quarter. Greenspring Advisors LLC now owns 11,065 shares of the bank's stock worth $277,000 after purchasing an additional 351 shares in the last quarter. Root Financial Partners LLC boosted its position in shares of Banco Bilbao Viscaya Argentaria by 59.6% in the 4th quarter. Root Financial Partners LLC now owns 1,141 shares of the bank's stock worth $27,000 after buying an additional 426 shares in the last quarter. Greenleaf Trust raised its position in Banco Bilbao Viscaya Argentaria by 3.6% during the second quarter. Greenleaf Trust now owns 12,315 shares of the bank's stock worth $309,000 after acquiring an additional 432 shares during the last quarter. Waverly Advisors LLC lifted its holdings in shares of Banco Bilbao Viscaya Argentaria by 2.4% in the second quarter. Waverly Advisors LLC now owns 22,601 shares of the bank's stock valued at $566,000 after purchasing an additional 525 shares in the last quarter. Finally, Harbour Investments Inc. increased its stake in shares of Banco Bilbao Viscaya Argentaria by 84.1% during the 4th quarter. Harbour Investments Inc. now owns 1,259 shares of the bank's stock worth $29,000 after purchasing an additional 575 shares in the last quarter. 2.96% of the stock is owned by institutional investors and hedge funds.

About Banco Bilbao Viscaya Argentaria

Banco Bilbao Vizcaya Argentaria, SA NYSE: BBVA is a Spanish multinational financial services group headquartered in Bilbao, Spain. The bank provides retail and commercial banking, corporate and investment banking, wealth management, asset management, payments and insurance services to individuals, businesses, institutions and public-sector clients.

BBVA traces its origins to Banco de Bilbao, founded in 1857. The modern group was formed through the merger of Banco Bilbao Vizcaya and Argentaria in 1999.

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