Banco Bilbao Viscaya Argentaria (NYSE:BBVA) Downgraded by Zacks Research to Hold

Zacks Research downgraded shares of Banco Bilbao Viscaya Argentaria (NYSE:BBVA) from a strong-buy rating to a hold rating in a research report report published on Monday morning,Zacks.com reports.

Other research analysts also recently issued research reports about the stock. Barclays upgraded shares of Banco Bilbao Viscaya Argentaria from an “equal weight” rating to an “overweight” rating in a report on Thursday, August 7th. Weiss Ratings reissued a “buy (b+)” rating on shares of Banco Bilbao Viscaya Argentaria in a research report on Thursday, October 30th. Morgan Stanley initiated coverage on Banco Bilbao Viscaya Argentaria in a report on Tuesday, October 21st. They set an “equal weight” rating on the stock. Finally, Wall Street Zen downgraded Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a research note on Sunday, October 19th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Banco Bilbao Viscaya Argentaria Stock Up 1.8%

Shares of Banco Bilbao Viscaya Argentaria stock opened at $21.48 on Monday. The firm has a market cap of $125.40 billion, a price-to-earnings ratio of 11.31, a P/E/G ratio of 1.07 and a beta of 1.21. The stock has a 50-day simple moving average of $19.32 and a 200-day simple moving average of $17.08. Banco Bilbao Viscaya Argentaria has a 52-week low of $9.23 and a 52-week high of $21.52. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.01 and a quick ratio of 1.01.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last issued its quarterly earnings data on Thursday, October 30th. The bank reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.01. The firm had revenue of $10.62 billion for the quarter, compared to analyst estimates of $10.47 billion. Banco Bilbao Viscaya Argentaria had a net margin of 29.17% and a return on equity of 17.61%. On average, equities research analysts expect that Banco Bilbao Viscaya Argentaria will post 1.59 earnings per share for the current fiscal year.

Banco Bilbao Viscaya Argentaria Dividend Announcement

The firm also recently declared a dividend, which will be paid on Monday, November 24th. Stockholders of record on Thursday, November 6th will be issued a dividend of $0.3736 per share. The ex-dividend date is Thursday, November 6th. This represents a dividend yield of 361.0%. Banco Bilbao Viscaya Argentaria’s payout ratio is 31.41%.

Hedge Funds Weigh In On Banco Bilbao Viscaya Argentaria

A number of institutional investors and hedge funds have recently bought and sold shares of BBVA. Navigoe LLC bought a new stake in Banco Bilbao Viscaya Argentaria in the 3rd quarter valued at $26,000. Financial Management Professionals Inc. increased its holdings in shares of Banco Bilbao Viscaya Argentaria by 105.9% during the 2nd quarter. Financial Management Professionals Inc. now owns 1,845 shares of the bank’s stock worth $28,000 after purchasing an additional 949 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new position in Banco Bilbao Viscaya Argentaria in the 2nd quarter valued at approximately $30,000. Cornerstone Planning Group LLC lifted its position in Banco Bilbao Viscaya Argentaria by 183.2% in the third quarter. Cornerstone Planning Group LLC now owns 1,597 shares of the bank’s stock worth $32,000 after purchasing an additional 1,033 shares during the period. Finally, Salomon & Ludwin LLC lifted its holdings in shares of Banco Bilbao Viscaya Argentaria by 2,989.5% during the 3rd quarter. Salomon & Ludwin LLC now owns 2,348 shares of the bank’s stock worth $45,000 after acquiring an additional 2,272 shares during the period. Institutional investors own 2.96% of the company’s stock.

Banco Bilbao Viscaya 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.