Banco Bilbao Viscaya Argentaria (NYSE:BBVA) Reaches New 52-Week High – What’s Next?

Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $29.12 and last traded at $29.0270, with a volume of 9740 shares. The stock had previously closed at $28.80.

Analyst Ratings Changes

Several analysts recently weighed in on BBVA shares. Bank of America lowered Banco Bilbao Viscaya Argentaria from a “buy” rating to a “neutral” rating in a report on Wednesday, July 15th. UBS Group reaffirmed a “neutral” rating on shares of Banco Bilbao Viscaya Argentaria in a research note on Monday, April 20th. Weiss Ratings reiterated a “buy (b)” rating on shares of Banco Bilbao Viscaya Argentaria in a research report on Friday, July 31st. Wall Street Zen raised shares of Banco Bilbao Viscaya Argentaria from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, Keefe, Bruyette & Woods lowered shares of Banco Bilbao Viscaya Argentaria from a “moderate buy” rating to a “hold” rating in a report on Wednesday, August 12th. One research analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Banco Bilbao Viscaya Argentaria Stock Performance

The stock has a market cap of $165.82 billion, a P/E ratio of 13.18, a PEG ratio of 0.77 and a beta of 0.80. The business has a 50 day moving average price of $25.84 and a 200 day moving average price of $23.71. 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) last issued its quarterly earnings results on Tuesday, June 30th. The bank reported $0.62 earnings per share for the quarter. Banco Bilbao Viscaya Argentaria had a return on equity of 18.05% and a net margin of 27.75%.The firm had revenue of $11.99 billion for the quarter. As a group, sell-side analysts expect that Banco Bilbao Viscaya Argentaria S.A. will post 2.37 EPS for the current year.

Institutional Trading of Banco Bilbao Viscaya Argentaria

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Basepoint Wealth LLC bought a new stake in shares of Banco Bilbao Viscaya Argentaria during the fourth quarter worth $26,000. Root Financial Partners LLC grew its holdings in shares of Banco Bilbao Viscaya Argentaria by 59.6% in the fourth quarter. Root Financial Partners LLC now owns 1,141 shares of the bank’s stock worth $27,000 after purchasing an additional 426 shares during the last quarter. Whipplewood Advisors LLC bought a new position in shares of Banco Bilbao Viscaya Argentaria in the first quarter worth about $27,000. Harbour Investments Inc. increased its stake in Banco Bilbao Viscaya Argentaria by 84.1% in the 4th quarter. Harbour Investments Inc. now owns 1,259 shares of the bank’s stock worth $29,000 after buying an additional 575 shares during the period. Finally, TD Waterhouse Canada Inc. increased its stake in Banco Bilbao Viscaya Argentaria by 50.9% in the 4th quarter. TD Waterhouse Canada Inc. now owns 1,304 shares of the bank’s stock worth $30,000 after buying an additional 440 shares during the period. Hedge funds and other institutional investors own 2.96% of the company’s stock.

Banco Bilbao Viscaya Argentaria Company Profile

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.