Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) have been given an average recommendation of “Moderate Buy” by the five ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company.

BBVA has been the subject of several analyst reports. Wall Street Zen upgraded shares of Banco Bilbao Viscaya Argentaria from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Royal Bank Of Canada lowered shares of Banco Bilbao Viscaya Argentaria from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 28th. Weiss Ratings restated a “buy (b+)” rating on shares of Banco Bilbao Viscaya Argentaria in a research note on Monday, December 29th. Finally, Zacks Research upgraded Banco Bilbao Viscaya Argentaria from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 21st.

Banco Bilbao Viscaya Argentaria Stock Performance

BBVA stock opened at $23.10 on Monday. The firm has a market cap of $133.10 billion, a P/E ratio of 11.72, a price-to-earnings-growth ratio of 0.59 and a beta of 0.80. Banco Bilbao Viscaya Argentaria has a 1 year low of $11.59 and a 1 year high of $26.20. The stock has a 50-day simple moving average of $24.04 and a 200-day simple moving average of $21.35.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last released its quarterly earnings results on Thursday, February 5th. The bank reported $0.50 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.50. Banco Bilbao Viscaya Argentaria had a return on equity of 17.29% and a net margin of 28.43%.The firm had revenue of $11.49 billion during the quarter, compared to analysts’ expectations of $10.74 billion. On average, equities research analysts predict that Banco Bilbao Viscaya Argentaria will post 1.59 EPS for the current year.

Hedge Funds Weigh In On Banco Bilbao Viscaya Argentaria

Several institutional investors and hedge funds have recently made changes to their positions in BBVA. Basepoint Wealth LLC acquired a new stake in Banco Bilbao Viscaya Argentaria in the fourth quarter valued at $26,000. Root Financial Partners LLC grew its holdings in Banco Bilbao Viscaya Argentaria by 59.6% during the 4th quarter. Root Financial Partners LLC now owns 1,141 shares of the bank’s stock worth $27,000 after acquiring an additional 426 shares in the last quarter. Harbour Investments Inc. increased its position 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 worth $29,000 after purchasing an additional 575 shares during the last quarter. TD Waterhouse Canada Inc. raised its stake in shares of 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. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Banco Bilbao Viscaya Argentaria during the fourth quarter worth about $31,000. 2.96% of the stock is currently owned by hedge funds and other institutional investors.

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.