Banco Bilbao Viscaya Argentaria (NYSE:BBVA) Sets New 52-Week High – What’s Next?

Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as $23.82 and last traded at $23.89, with a volume of 58201 shares traded. The stock had previously closed at $23.31.

Wall Street Analysts Forecast Growth

BBVA has been the subject of several recent analyst reports. Zacks Research lowered shares of Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Morgan Stanley initiated coverage on Banco Bilbao Viscaya Argentaria in a research note on Tuesday, October 21st. They issued an “equal weight” rating on the stock. Weiss Ratings reissued a “buy (b+)” rating on shares of Banco Bilbao Viscaya Argentaria in a research report on Monday. Finally, Wall Street Zen upgraded Banco Bilbao Viscaya Argentaria from a “hold” rating to a “buy” rating in a report on Saturday, December 20th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Banco Bilbao Viscaya Argentaria presently has an average rating of “Moderate Buy”.

Banco Bilbao Viscaya Argentaria Stock Up 2.4%

The business has a fifty day moving average of $21.63 and a 200 day moving average of $18.92. The firm has a market cap of $139.32 billion, a P/E ratio of 12.49, a P/E/G ratio of 1.05 and a beta of 0.82.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last announced its quarterly earnings results on Thursday, October 30th. The bank reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. Banco Bilbao Viscaya Argentaria had a net margin of 28.58% and a return on equity of 17.07%. The firm had revenue of $10.59 billion for the quarter, compared to analyst estimates of $10.47 billion. On average, sell-side analysts expect that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 EPS for the current fiscal year.

Banco Bilbao Viscaya Argentaria Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Monday, November 24th. Stockholders of record on Thursday, November 6th were given a $0.3736 dividend. This represents a dividend yield of 361.0%. The ex-dividend date of this dividend was Thursday, November 6th. Banco Bilbao Viscaya Argentaria’s dividend payout ratio (DPR) is presently 31.41%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in BBVA. Navigoe LLC acquired a new stake in Banco Bilbao Viscaya Argentaria during the third quarter worth about $26,000. Cornerstone Planning Group LLC increased its stake in Banco Bilbao Viscaya Argentaria by 183.2% in the third quarter. Cornerstone Planning Group LLC now owns 1,597 shares of the bank’s stock valued at $32,000 after acquiring an additional 1,033 shares during the last quarter. Financial Management Professionals Inc. raised its position in Banco Bilbao Viscaya Argentaria by 105.9% during the second quarter. Financial Management Professionals Inc. now owns 1,845 shares of the bank’s stock valued at $28,000 after purchasing an additional 949 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Banco Bilbao Viscaya Argentaria in the 2nd quarter valued at $30,000. Finally, Westside Investment Management Inc. increased its stake in shares of Banco Bilbao Viscaya Argentaria by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 2,316 shares of the bank’s stock valued at $45,000 after purchasing an additional 1,158 shares during the last quarter. Institutional investors and hedge funds own 2.96% of the company’s stock.

Banco Bilbao Viscaya Argentaria Company Profile

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.