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

by · The Cerbat Gem

Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA – Get Free Report)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $20.57 and last traded at $20.5250, with a volume of 1181838 shares. The stock had previously closed at $20.02.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on BBVA shares. Barclays upgraded Banco Bilbao Viscaya Argentaria from an “equal weight” rating to an “overweight” rating in a report on Thursday, August 7th. Morgan Stanley began coverage on Banco Bilbao Viscaya Argentaria in a research report on Tuesday, October 21st. They issued an “equal weight” rating on the stock. Wall Street Zen lowered Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a research report on Sunday, October 19th. Finally, Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Banco Bilbao Viscaya Argentaria in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Banco Bilbao Viscaya Argentaria presently has a consensus rating of “Moderate Buy”.

Check Out Our Latest Report on BBVA

Banco Bilbao Viscaya Argentaria Trading Up 2.4%

The company has a debt-to-equity ratio of 1.18, a current ratio of 1.01 and a quick ratio of 1.01. The business’s 50 day moving average is $19.05 and its 200 day moving average is $16.84. The stock has a market cap of $119.71 billion, a price-to-earnings ratio of 10.79, a P/E/G ratio of 1.07 and a beta of 1.19.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA – Get Free Report) last issued its earnings results on Thursday, October 30th. The bank reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. The firm had revenue of $10.62 billion during the quarter, compared to the consensus estimate of $10.47 billion. Banco Bilbao Viscaya Argentaria had a net margin of 29.17% and a return on equity of 17.61%. As a group, equities analysts expect that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 earnings per share for the current fiscal year.

Banco Bilbao Viscaya Argentaria Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Monday, November 24th. Shareholders of record on Thursday, November 6th will be paid a $0.3736 dividend. This represents a yield of 395.0%. The ex-dividend date is Thursday, November 6th. Banco Bilbao Viscaya Argentaria’s dividend payout ratio is currently 31.41%.

Hedge Funds Weigh In On Banco Bilbao Viscaya Argentaria

Several large investors have recently bought and sold shares of BBVA. Navigoe LLC acquired a new position in Banco Bilbao Viscaya Argentaria in the third quarter valued at $26,000. Financial Management Professionals Inc. boosted its stake in shares of Banco Bilbao Viscaya Argentaria by 105.9% during the second quarter. Financial Management Professionals Inc. now owns 1,845 shares of the bank’s stock worth $28,000 after buying an additional 949 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Banco Bilbao Viscaya Argentaria during the second quarter worth about $30,000. Cornerstone Planning Group LLC boosted its stake in shares of Banco Bilbao Viscaya Argentaria by 183.2% during the third quarter. Cornerstone Planning Group LLC now owns 1,597 shares of the bank’s stock worth $32,000 after buying an additional 1,033 shares during the period. Finally, Private Trust Co. NA boosted its stake in shares of Banco Bilbao Viscaya Argentaria by 224.7% during the first quarter. Private Trust Co. NA now owns 2,607 shares of the bank’s stock worth $36,000 after buying an additional 1,804 shares during the period. Institutional investors and hedge funds own 2.96% of the company’s stock.

Banco Bilbao Viscaya Argentaria Company Profile

(Get Free Report)

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.

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