Banco Bilbao Viscaya Argentaria (NYSE:BBVA) Stock Crosses Below 50 Day Moving Average – What’s Next?

Shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) crossed below its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $28.48 and traded as low as $26.24. Banco Bilbao Viscaya Argentaria shares last traded at $26.9540, with a volume of 1,718,592 shares traded.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on BBVA. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Banco Bilbao Viscaya Argentaria in a research report on Friday, July 31st. Wall Street Zen upgraded Banco Bilbao Viscaya Argentaria from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Keefe, Bruyette & Woods lowered Banco Bilbao Viscaya Argentaria from a “moderate buy” rating to a “hold” rating in a report on Wednesday, August 12th. Finally, Bank of America downgraded Banco Bilbao Viscaya Argentaria from a “buy” rating to a “neutral” rating in a report on Wednesday, July 15th. One analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, Banco Bilbao Viscaya Argentaria presently has a consensus rating of “Hold”.

Banco Bilbao Viscaya Argentaria Price Performance

The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.77. The company’s fifty day moving average price is $28.48 and its 200 day moving average price is $25.01. The company has a market capitalization of $150.43 billion, a P/E ratio of 12.25, a PEG ratio of 0.71 and a beta of 0.82.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last issued its quarterly earnings results on Tuesday, June 30th. The bank reported $0.62 earnings per share (EPS) for the quarter. The business had revenue of $11.99 billion during the quarter. Banco Bilbao Viscaya Argentaria had a return on equity of 18.05% and a net margin of 27.75%. As a group, sell-side analysts forecast that Banco Bilbao Viscaya Argentaria S.A. will post 2.42 EPS for the current year.

Institutional Trading of Banco Bilbao Viscaya Argentaria

Large investors have recently modified their holdings of the stock. QRG Capital Management Inc. increased its position in shares of Banco Bilbao Viscaya Argentaria by 13.0% in the second quarter. QRG Capital Management Inc. now owns 609,469 shares of the bank’s stock worth $15,273,000 after purchasing an additional 70,207 shares during the period. Engineers Gate Manager LP acquired a new position in shares of Banco Bilbao Viscaya Argentaria in the 2nd quarter valued at approximately $979,000. Pinnacle Wealth Management Advisory Group LLC acquired a new position in shares of Banco Bilbao Viscaya Argentaria in the 2nd quarter valued at approximately $203,000. RFG Advisory LLC bought a new stake in shares of Banco Bilbao Viscaya Argentaria during the 2nd quarter worth approximately $223,000. Finally, NewEdge Advisors LLC boosted its position in shares of Banco Bilbao Viscaya Argentaria by 48.5% during the 2nd quarter. NewEdge Advisors LLC now owns 224,896 shares of the bank’s stock worth $5,636,000 after acquiring an additional 73,417 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, SA (NYSE: BBVA) is a Spanish multinational financial services group headquartered in Bilbao, Spain. The bank provides retail and commercial banking, corporate and investment banking, wealth management, asset management, payments and insurance services to individuals, businesses, institutions and public-sector clients.

BBVA traces its origins to Banco de Bilbao, founded in 1857. The modern group was formed through the merger of Banco Bilbao Vizcaya and Argentaria in 1999.