Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Reaches New 1-Year High at $9.05

Shares of Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) reached a new 52-week high on Tuesday . The company traded as high as $9.05 and last traded at $9.04, with a volume of 199535 shares changing hands. The stock had previously closed at $9.03.

Wall Street Analysts Forecast Growth

BBVA has been the topic of a number of recent research reports. StockNews.com initiated coverage on Banco Bilbao Vizcaya Argentaria in a report on Thursday, October 5th. They issued a “buy” rating on the stock. Morgan Stanley cut Banco Bilbao Vizcaya Argentaria from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, September 5th. Finally, Barclays upgraded Banco Bilbao Vizcaya Argentaria from an “equal weight” rating to an “overweight” rating in a research report on Thursday, October 19th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Banco Bilbao Vizcaya Argentaria Stock Performance

The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market capitalization of $53.87 billion, a PE ratio of 7.06, a PEG ratio of 0.45 and a beta of 1.28. The stock has a fifty day moving average of $8.09 and a 200 day moving average of $7.69.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last posted its quarterly earnings results on Wednesday, November 1st. The bank reported $0.36 earnings per share for the quarter, hitting the consensus estimate of $0.36. Banco Bilbao Vizcaya Argentaria had a return on equity of 14.46% and a net margin of 26.36%. The business had revenue of $8.66 billion during the quarter. During the same quarter in the previous year, the company earned $0.29 earnings per share. As a group, sell-side analysts predict that Banco Bilbao Vizcaya Argentaria, S.A. will post 1.35 earnings per share for the current fiscal year.

Banco Bilbao Vizcaya Argentaria Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Thursday, October 26th. Shareholders of record on Tuesday, October 10th were paid a $0.1685 dividend. The ex-dividend date of this dividend was Friday, October 6th. This represents a yield of 5.1%. Banco Bilbao Vizcaya Argentaria’s payout ratio is 21.09%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cary Street Partners Investment Advisory LLC bought a new position in shares of Banco Bilbao Vizcaya Argentaria during the 2nd quarter valued at approximately $25,000. Tucker Asset Management LLC bought a new position in shares of Banco Bilbao Vizcaya Argentaria during the 1st quarter valued at approximately $27,000. Bessemer Group Inc. bought a new position in shares of Banco Bilbao Vizcaya Argentaria during the 2nd quarter valued at approximately $30,000. Brown Brothers Harriman & Co. boosted its position in shares of Banco Bilbao Vizcaya Argentaria by 124.8% during the 1st quarter. Brown Brothers Harriman & Co. now owns 6,859 shares of the bank’s stock valued at $39,000 after acquiring an additional 3,808 shares during the last quarter. Finally, Paradigm Asset Management Co. LLC boosted its position in shares of Banco Bilbao Vizcaya Argentaria by 66.7% during the 3rd quarter. Paradigm Asset Management Co. LLC now owns 7,000 shares of the bank’s stock valued at $56,000 after acquiring an additional 2,800 shares during the last quarter. 2.83% of the stock is currently owned by institutional investors.

About Banco Bilbao Vizcaya Argentaria

Banco Bilbao Vizcaya Argentaria, SA, together with its subsidiaries, provides retail banking, wholesale banking, and asset management services. It offers current accounts; and demand, savings, overnight, time, term, and subordinated deposits. The company also provides loan products; deals in securities; leasing, factoring, brokerage, and asset management services; and manages pension and investment funds.