Banco Bilbao Viscaya Argentaria (NYSE:BBVA) Hits New 12-Month High – What’s Next?

Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) hit a new 52-week high during trading on Monday . The company traded as high as $26.53 and last traded at $26.52, with a volume of 68299 shares. The stock had previously closed at $25.95.

Analyst Ratings Changes

Several equities analysts recently issued reports on BBVA shares. Barclays downgraded shares of Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 15th. Bank of America cut shares of Banco Bilbao Viscaya Argentaria from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 15th. UBS Group reissued a “neutral” rating on shares of Banco Bilbao Viscaya Argentaria in a research note on Monday, April 20th. Wall Street Zen cut Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Weiss Ratings downgraded Banco Bilbao Viscaya Argentaria from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold”.

Banco Bilbao Viscaya Argentaria Price Performance

The firm’s 50-day moving average is $24.17 and its 200 day moving average is $23.32. The stock has a market cap of $150.80 billion, a price-to-earnings ratio of 12.56, a price-to-earnings-growth ratio of 0.73 and a beta of 0.80.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last announced its quarterly earnings results on Tuesday, March 31st. The bank reported $0.59 earnings per share for the quarter. Banco Bilbao Viscaya Argentaria had a net margin of 28.21% and a return on equity of 17.65%. The company had revenue of $12.33 billion for the quarter. On average, sell-side analysts forecast that Banco Bilbao Viscaya Argentaria S.A. will post 2.35 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Basepoint Wealth LLC acquired a new stake in Banco Bilbao Viscaya Argentaria during the fourth quarter worth about $26,000. Root Financial Partners LLC raised its holdings in shares of Banco Bilbao Viscaya Argentaria by 59.6% in the 4th quarter. Root Financial Partners LLC now owns 1,141 shares of the bank’s stock worth $27,000 after purchasing an additional 426 shares during the period. Whipplewood Advisors LLC acquired a new position in shares of Banco Bilbao Viscaya Argentaria in the 1st quarter valued at about $27,000. Harbour Investments Inc. lifted its stake in shares of Banco Bilbao Viscaya Argentaria by 84.1% in the 4th quarter. Harbour Investments Inc. now owns 1,259 shares of the bank’s stock valued at $29,000 after purchasing an additional 575 shares in the last quarter. Finally, TD Waterhouse Canada Inc. grew its holdings in shares of Banco Bilbao Viscaya Argentaria by 50.9% during the 4th quarter. TD Waterhouse Canada Inc. now owns 1,304 shares of the bank’s stock worth $30,000 after purchasing an additional 440 shares during the period. Institutional investors and hedge funds own 2.96% of the company’s stock.

About Banco Bilbao Viscaya Argentaria

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) is a Spanish multinational financial services group headquartered in Bilbao, Spain. The bank traces its roots to several historic regional banks and was formed through a series of mergers that consolidated its position as one of Spain’s largest banking groups. BBVA operates as a universal bank offering a broad range of financial services to retail, corporate and institutional clients.

BBVA’s core businesses include retail and commercial banking, corporate and investment banking, private banking and wealth management, asset management, and insurance.