Banco Bilbao Viscaya Argentaria (NYSE:BBVA) Reaches New 52-Week High – Should You Buy?

Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) hit a new 52-week high on Thursday . The company traded as high as $29.46 and last traded at $29.4230, with a volume of 102439 shares trading hands. The stock had previously closed at $29.16.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on BBVA shares. Wall Street Zen upgraded shares of Banco Bilbao Viscaya Argentaria from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Keefe, Bruyette & Woods downgraded shares of Banco Bilbao Viscaya Argentaria from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, August 12th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Banco Bilbao Viscaya Argentaria in a research note on Friday, July 31st. Finally, Bank of America cut shares of 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 assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Banco Bilbao Viscaya Argentaria presently has an average rating of “Hold”.

Banco Bilbao Viscaya Argentaria Price Performance

The company has a 50 day moving average of $27.25 and a two-hundred day moving average of $24.15. The firm has a market cap of $164.47 billion, a P/E ratio of 13.40, a PEG ratio of 0.78 and a beta of 0.80. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.77.

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

Institutional Trading of Banco Bilbao Viscaya Argentaria

Several institutional investors and hedge funds have recently added to or reduced their stakes in BBVA. Range Advisory LLC bought a new position in shares of Banco Bilbao Viscaya Argentaria in the second quarter valued at $216,000. Corient Private Wealth LP grew its holdings in shares of Banco Bilbao Viscaya Argentaria by 1.0% in the 2nd quarter. Corient Private Wealth LP now owns 141,352 shares of the bank’s stock worth $3,542,000 after acquiring an additional 1,428 shares during the last quarter. DMC Group LLC raised its position in shares of Banco Bilbao Viscaya Argentaria by 20.7% during the second quarter. DMC Group LLC now owns 24,509 shares of the bank’s stock worth $614,000 after purchasing an additional 4,210 shares during the period. HB Wealth Management LLC raised its position in shares of Banco Bilbao Viscaya Argentaria by 19.5% during the second quarter. HB Wealth Management LLC now owns 44,878 shares of the bank’s stock worth $1,125,000 after purchasing an additional 7,314 shares during the period. Finally, Angeles Wealth Management LLC lifted its holdings in shares of Banco Bilbao Viscaya Argentaria by 16.3% during the second quarter. Angeles Wealth Management LLC now owns 15,567 shares of the bank’s stock valued at $390,000 after purchasing an additional 2,180 shares during 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.