Banco Bilbao Viscaya Argentaria (NYSE:BBVA) Earns Buy (B) Rating from Weiss Ratings

Banco Bilbao Viscaya Argentaria (NYSE:BBVA)‘s stock had its “buy (b)” rating reissued by stock analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

A number of other research firms also recently weighed in on BBVA. Wall Street Zen downgraded Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a research note on Saturday, July 12th. Barclays raised Banco Bilbao Viscaya Argentaria from an “equal weight” rating to an “overweight” rating in a research note on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Banco Bilbao Viscaya Argentaria Stock Performance

BBVA stock opened at $18.47 on Wednesday. The business’s fifty day moving average is $18.65 and its 200-day moving average is $15.98. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.18. The company has a market cap of $107.83 billion, a P/E ratio of 9.72, a price-to-earnings-growth ratio of 1.00 and a beta of 1.19. Banco Bilbao Viscaya Argentaria has a twelve month low of $9.23 and a twelve month high of $19.42.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last posted its quarterly earnings results on Thursday, July 31st. The bank reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.05. The company had revenue of $10.30 billion for the quarter, compared to the consensus estimate of $10.24 billion. Banco Bilbao Viscaya Argentaria had a return on equity of 17.61% and a net margin of 29.17%. Equities research analysts forecast that Banco Bilbao Viscaya Argentaria will post 1.59 EPS for the current year.

Hedge Funds Weigh In On Banco Bilbao Viscaya Argentaria

A number of large investors have recently added to or reduced their stakes in BBVA. Redhawk Wealth Advisors Inc. grew its holdings in shares of Banco Bilbao Viscaya Argentaria by 5.8% in the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 59,733 shares of the bank’s stock valued at $1,150,000 after acquiring an additional 3,254 shares in the last quarter. Riversedge Advisors LLC bought a new position in shares of Banco Bilbao Viscaya Argentaria in the 3rd quarter valued at about $211,000. GAMMA Investing LLC grew its holdings in shares of Banco Bilbao Viscaya Argentaria by 14.4% in the 3rd quarter. GAMMA Investing LLC now owns 22,980 shares of the bank’s stock valued at $442,000 after acquiring an additional 2,885 shares in the last quarter. Corient Private Wealth LLC grew its holdings in shares of Banco Bilbao Viscaya Argentaria by 6.1% in the 2nd quarter. Corient Private Wealth LLC now owns 137,787 shares of the bank’s stock valued at $2,118,000 after acquiring an additional 7,882 shares in the last quarter. Finally, Valeo Financial Advisors LLC grew its holdings in shares of Banco Bilbao Viscaya Argentaria by 10.4% in the 2nd quarter. Valeo Financial Advisors LLC now owns 19,120 shares of the bank’s stock valued at $294,000 after acquiring an additional 1,803 shares in the last quarter. Institutional investors own 2.96% of the company’s stock.

About Banco Bilbao Viscaya 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.