Banco Bilbao Vizcaya Argentaria (BBVA) Raised to “Buy” at HSBC

HSBC upgraded shares of Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) from a hold rating to a buy rating in a research note released on Friday morning. The brokerage currently has $7.79 price objective on the bank’s stock, up from their prior price objective of $7.22.

Several other equities research analysts have also issued reports on the company. Zacks Investment Research raised Banco Bilbao Vizcaya Argentaria from a hold rating to a buy rating and set a $8.75 price target on the stock in a research report on Tuesday, April 10th. ValuEngine raised Banco Bilbao Vizcaya Argentaria from a hold rating to a buy rating in a research report on Saturday, April 7th. Finally, Santander lowered Banco Bilbao Vizcaya Argentaria from a buy rating to a hold rating in a research report on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $8.27.

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BBVA stock opened at $7.85 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.20. The company has a market cap of $51,153.93, a P/E ratio of 10.75, a PEG ratio of 1.00 and a beta of 1.16. Banco Bilbao Vizcaya Argentaria has a 12-month low of $7.22 and a 12-month high of $9.54.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last posted its quarterly earnings results on Thursday, February 1st. The bank reported $0.20 earnings per share (EPS) for the quarter. The business had revenue of $7.49 billion for the quarter. Banco Bilbao Vizcaya Argentaria had a return on equity of 8.63% and a net margin of 13.74%. sell-side analysts expect that Banco Bilbao Vizcaya Argentaria will post 0.85 earnings per share for the current year.

The company also recently declared a special dividend, which will be paid on Wednesday, April 25th. Investors of record on Monday, April 9th will be given a dividend of $0.1866 per share. This is a positive change from Banco Bilbao Vizcaya Argentaria’s previous special dividend of $0.11. The ex-dividend date of this dividend is Friday, April 6th. Banco Bilbao Vizcaya Argentaria’s dividend payout ratio is currently 41.10%.

A number of institutional investors and hedge funds have recently modified their holdings of BBVA. Welch Investments LLC bought a new position in Banco Bilbao Vizcaya Argentaria during the 4th quarter worth $105,000. Trustcore Financial Services LLC bought a new position in Banco Bilbao Vizcaya Argentaria during the 4th quarter worth $110,000. Premia Global Advisors LLC bought a new position in Banco Bilbao Vizcaya Argentaria during the 4th quarter worth $129,000. Avestar Capital LLC bought a new position in Banco Bilbao Vizcaya Argentaria during the 4th quarter worth $141,000. Finally, Acadian Asset Management LLC bought a new position in Banco Bilbao Vizcaya Argentaria during the 4th quarter worth $147,000. Hedge funds and other institutional investors own 3.40% of the company’s stock.

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Banco Bilbao Vizcaya Argentaria Company Profile

Banco Bilbao Vizcaya Argentaria, SA, together with its subsidiaries, provides retail and wholesale banking, asset management, and private banking services. The company accepts various deposits, such as current and savings accounts, fixed-term deposits, subordinated deposits, and other accounts. It also offers loan products; and foreclosed real-estate assets from residential mortgages and developers, as well as lending to developers.

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