Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Upgraded by Royal Bank of Canada to Moderate Buy

Royal Bank of Canada upgraded shares of Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) to a moderate buy rating in a research note released on Wednesday, Zacks.com reports.

Separately, BNP Paribas downgraded Banco Bilbao Vizcaya Argentaria from a neutral rating to an underperform rating in a report on Wednesday, June 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of Hold.

Banco Bilbao Vizcaya Argentaria Trading Down 2.2 %

Shares of BBVA opened at $9.68 on Wednesday. The firm has a market capitalization of $56.51 billion, a price-to-earnings ratio of 6.59, a PEG ratio of 1.00 and a beta of 1.32. The firm’s fifty day simple moving average is $10.40 and its 200-day simple moving average is $10.50. Banco Bilbao Vizcaya Argentaria has a twelve month low of $7.41 and a twelve month high of $12.20.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last posted its earnings results on Thursday, August 1st. The bank reported $0.51 EPS for the quarter, beating the consensus estimate of $0.48 by $0.03. The firm had revenue of $9.93 billion for the quarter. Banco Bilbao Vizcaya Argentaria had a return on equity of 22.05% and a net margin of 27.55%. During the same period last year, the company earned $0.36 EPS. On average, analysts predict that Banco Bilbao Vizcaya Argentaria will post 1.65 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in BBVA. Raymond James & Associates increased its holdings in shares of Banco Bilbao Vizcaya Argentaria by 28.9% in the 4th quarter. Raymond James & Associates now owns 121,674 shares of the bank’s stock valued at $1,108,000 after acquiring an additional 27,246 shares during the period. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Banco Bilbao Vizcaya Argentaria by 17.1% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 36,214 shares of the bank’s stock valued at $330,000 after buying an additional 5,287 shares during the last quarter. Trust Point Inc. acquired a new stake in shares of Banco Bilbao Vizcaya Argentaria during the fourth quarter worth about $97,000. Ballentine Partners LLC grew its holdings in shares of Banco Bilbao Vizcaya Argentaria by 26.3% during the fourth quarter. Ballentine Partners LLC now owns 22,411 shares of the bank’s stock worth $204,000 after buying an additional 4,672 shares during the last quarter. Finally, Riverbridge Partners LLC acquired a new position in Banco Bilbao Vizcaya Argentaria in the 4th quarter valued at about $151,000. Hedge funds and other institutional investors own 2.96% of the company’s stock.

Banco Bilbao Vizcaya Argentaria Company Profile

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.