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

Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $28.74 and last traded at $28.6650, with a volume of 401954 shares changing hands. The stock had previously closed at $28.35.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. UBS Group reissued a “neutral” rating on shares of Banco Bilbao Viscaya Argentaria in a research note on Monday, April 20th. Barclays cut Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 15th. Bank of America downgraded Banco Bilbao Viscaya Argentaria from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 15th. Wall Street Zen upgraded Banco Bilbao Viscaya Argentaria from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Banco Bilbao Viscaya Argentaria in a research note on Friday, July 31st. One investment analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold”.

Banco Bilbao Viscaya Argentaria Stock Up 0.1%

The company has a debt-to-equity ratio of 1.77, a current ratio of 1.06 and a quick ratio of 1.06. The firm’s 50-day moving average price is $25.46 and its 200 day moving average price is $23.65. The firm has a market capitalization of $162.88 billion, a price-to-earnings ratio of 12.97, a price-to-earnings-growth ratio of 0.76 and a beta of 0.80.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last issued its quarterly earnings data on Tuesday, June 30th. The bank reported $0.62 earnings per share (EPS) for the quarter. Banco Bilbao Viscaya Argentaria had a return on equity of 18.05% and a net margin of 27.75%.The firm had revenue of $11.99 billion during the quarter. Sell-side analysts expect that Banco Bilbao Viscaya Argentaria S.A. will post 2.37 EPS for the current year.

Hedge Funds Weigh In On Banco Bilbao Viscaya Argentaria

A number of institutional investors have recently made changes to their positions in the stock. Basepoint Wealth LLC acquired a new stake in shares of Banco Bilbao Viscaya Argentaria during the fourth quarter valued at $26,000. Root Financial Partners LLC raised its stake in 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 valued at $27,000 after purchasing an additional 426 shares during the last quarter. Whipplewood Advisors LLC acquired a new position in Banco Bilbao Viscaya Argentaria in the 1st quarter valued at about $27,000. Harbour Investments Inc. lifted its holdings in 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. lifted its holdings in Banco Bilbao Viscaya Argentaria by 50.9% in the 4th quarter. TD Waterhouse Canada Inc. now owns 1,304 shares of the bank’s stock valued at $30,000 after purchasing an additional 440 shares in the last quarter. 2.96% of the stock is owned by institutional investors and hedge funds.

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.