Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Reaches New 1-Year High – Here’s Why

Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $14.34 and last traded at $14.31, with a volume of 351312 shares traded. The stock had previously closed at $13.80.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Kepler Capital Markets upgraded shares of Banco Bilbao Vizcaya Argentaria from a “reduce” rating to a “hold” rating in a research report on Thursday, February 27th. StockNews.com upgraded shares of Banco Bilbao Vizcaya Argentaria from a “hold” rating to a “buy” rating in a report on Friday, March 7th. Finally, Hsbc Global Res raised shares of Banco Bilbao Vizcaya Argentaria from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Banco Bilbao Vizcaya Argentaria presently has a consensus rating of “Moderate Buy”.

Banco Bilbao Vizcaya Argentaria Stock Up 3.9 %

The company has a current ratio of 1.01, a quick ratio of 0.27 and a debt-to-equity ratio of 1.16. The firm has a market cap of $83.75 billion, a PE ratio of 7.93, a PEG ratio of 0.80 and a beta of 1.26. The company’s 50 day moving average price is $11.99 and its two-hundred day moving average price is $10.72.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last announced its earnings results on Tuesday, February 4th. The bank reported $0.44 earnings per share (EPS) for the quarter, beating 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%. On average, equities research analysts expect that Banco Bilbao Vizcaya Argentaria, S.A. will post 1.59 EPS for the current fiscal year.

Institutional Trading of Banco Bilbao Vizcaya Argentaria

Several large investors have recently made changes to their positions in BBVA. Brooklyn Investment Group increased its stake in shares of Banco Bilbao Vizcaya Argentaria by 120.7% in 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 in the last quarter. Huntington National Bank increased its stake in Banco Bilbao Vizcaya Argentaria by 96.7% during the fourth quarter. Huntington National Bank now owns 3,616 shares of the bank’s stock worth $35,000 after acquiring an additional 1,778 shares during the last quarter. Avion Wealth purchased a new stake in Banco Bilbao Vizcaya Argentaria in the 4th quarter valued at about $39,000. Barclays PLC acquired a new stake in shares of Banco Bilbao Vizcaya Argentaria during the third quarter valued at about $41,000. Finally, Sierra Ocean LLC acquired a new stake in Banco Bilbao Vizcaya Argentaria in the 4th quarter valued at approximately $49,000. 2.96% of the stock is owned by hedge funds and other institutional investors.

About Banco Bilbao Vizcaya Argentaria

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.