Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Reaches New 12-Month High – Here’s What Happened

Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $14.34 and last traded at $14.31, with a volume of 351312 shares trading hands. The stock had previously closed at $13.80.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. StockNews.com raised shares of Banco Bilbao Vizcaya Argentaria from a “hold” rating to a “buy” rating in a research report on Friday, March 7th. Kepler Capital Markets raised shares of Banco Bilbao Vizcaya Argentaria from a “reduce” rating to a “hold” rating in a research report on Thursday, February 27th. Finally, Hsbc Global Res raised Banco Bilbao Vizcaya Argentaria from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

Banco Bilbao Vizcaya Argentaria Stock Performance

The firm has a market cap of $83.75 billion, a price-to-earnings ratio of 7.93, a PEG ratio of 0.80 and a beta of 1.26. The stock’s fifty day moving average is $11.99 and its two-hundred day moving average is $10.72. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.27 and a current ratio of 1.01.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last released its quarterly earnings results on Tuesday, February 4th. The bank reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.04. Banco Bilbao Vizcaya Argentaria had a return on equity of 17.49% and a net margin of 28.10%. On average, analysts expect that Banco Bilbao Vizcaya Argentaria, S.A. will post 1.59 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Banco Bilbao Vizcaya Argentaria

Hedge funds have recently modified their holdings of the stock. Atria Investments Inc lifted its position in Banco Bilbao Vizcaya Argentaria by 17.1% in the 3rd quarter. Atria Investments Inc now owns 171,813 shares of the bank’s stock worth $1,862,000 after buying an additional 25,093 shares in the last quarter. Axxcess Wealth Management LLC bought a new position in Banco Bilbao Vizcaya Argentaria during the third quarter valued at approximately $113,000. Aptus Capital Advisors LLC grew its position in Banco Bilbao Vizcaya Argentaria by 17.9% in the third quarter. Aptus Capital Advisors LLC now owns 18,644 shares of the bank’s stock worth $202,000 after acquiring an additional 2,827 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its stake in shares of Banco Bilbao Vizcaya Argentaria by 10.0% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 484,361 shares of the bank’s stock valued at $5,250,000 after purchasing an additional 44,157 shares during the last quarter. Finally, Wealthstream Advisors Inc. acquired a new position in Banco Bilbao Vizcaya Argentaria during the third quarter worth $109,000. 2.96% of the stock is currently owned by institutional investors and hedge funds.

About Banco Bilbao Vizcaya 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.