Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Sets New 1-Year High – Time to Buy?

Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $12.20 and last traded at $12.20, with a volume of 861376 shares trading hands. The stock had previously closed at $11.88.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. StockNews.com upgraded Banco Bilbao Vizcaya Argentaria from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. Hsbc Global Res upgraded Banco Bilbao Vizcaya Argentaria from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, one has given a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Banco Bilbao Vizcaya Argentaria Trading Up 2.7 %

The stock has a market cap of $71.24 billion, a price-to-earnings ratio of 6.74, a price-to-earnings-growth ratio of 0.76 and a beta of 1.27. The business has a 50 day simple moving average of $10.44 and a two-hundred day simple moving average of $10.23. The company has a current ratio of 1.01, a quick ratio of 0.27 and a debt-to-equity ratio of 1.16.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last issued its earnings results on Tuesday, February 4th. The bank reported $0.44 EPS for the quarter, topping the consensus estimate of $0.40 by $0.04. Banco Bilbao Vizcaya Argentaria had a return on equity of 17.49% and a net margin of 28.10%. As a group, equities analysts anticipate that Banco Bilbao Vizcaya Argentaria, S.A. will post 1.59 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BBVA. Brooklyn Investment Group boosted its position in Banco Bilbao Vizcaya Argentaria by 120.7% during the 4th quarter. Brooklyn Investment Group now owns 3,540 shares of the bank’s stock valued at $34,000 after purchasing an additional 1,936 shares during the period. Avion Wealth bought a new stake in Banco Bilbao Vizcaya Argentaria during the 4th quarter valued at $39,000. Barclays PLC bought a new stake in Banco Bilbao Vizcaya Argentaria during the 3rd quarter valued at $41,000. Sierra Ocean LLC bought a new stake in Banco Bilbao Vizcaya Argentaria during the 4th quarter valued at $49,000. Finally, IFP Advisors Inc raised its stake in Banco Bilbao Vizcaya Argentaria by 20.7% during the 4th quarter. IFP Advisors Inc now owns 5,420 shares of the bank’s stock valued at $53,000 after acquiring an additional 930 shares in the last quarter. Institutional investors and hedge funds own 2.96% of the company’s stock.

Banco Bilbao Vizcaya 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.