Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Sets New 1-Year High – Here’s Why

Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $15.67 and last traded at $15.58, with a volume of 3575997 shares. The stock had previously closed at $15.08.

Analyst Ratings Changes

Several research firms have commented on BBVA. Wall Street Zen cut Banco Bilbao Vizcaya Argentaria from a “buy” rating to a “hold” rating in a report on Friday, May 30th. Kepler Capital Markets upgraded Banco Bilbao Vizcaya Argentaria from a “reduce” rating to a “hold” rating in a research note on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Banco Bilbao Vizcaya Argentaria Stock Performance

The company has a market cap of $90.97 billion, a price-to-earnings ratio of 8.61, a price-to-earnings-growth ratio of 0.80 and a beta of 1.08. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.01 and a quick ratio of 0.27. The stock has a 50-day moving average price of $14.36 and a 200 day moving average price of $12.66.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last released its earnings results on Tuesday, April 29th. The bank reported $0.47 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.47. Banco Bilbao Vizcaya Argentaria had a return on equity of 17.49% and a net margin of 28.10%. The business had revenue of $10.61 billion for the quarter, compared to analyst estimates of $9.12 billion. As a group, analysts anticipate that Banco Bilbao Vizcaya Argentaria, S.A. will post 1.59 EPS for the current fiscal year.

Banco Bilbao Vizcaya Argentaria Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Friday, April 25th. Shareholders of record on Wednesday, April 9th were paid a $0.4439 dividend. This is a positive change from Banco Bilbao Vizcaya Argentaria’s previous semi-annual dividend of $0.11. The ex-dividend date of this dividend was Wednesday, April 9th. This represents a yield of 4.3%. Banco Bilbao Vizcaya Argentaria’s dividend payout ratio is currently 39.15%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. American Century Companies Inc. boosted its position in Banco Bilbao Vizcaya Argentaria by 7.5% during the fourth quarter. American Century Companies Inc. now owns 2,226,849 shares of the bank’s stock worth $21,645,000 after purchasing an additional 156,006 shares during the period. Savant Capital LLC boosted its holdings in shares of Banco Bilbao Vizcaya Argentaria by 10.0% during the 4th quarter. Savant Capital LLC now owns 47,217 shares of the bank’s stock worth $459,000 after buying an additional 4,302 shares during the period. LPL Financial LLC grew its stake in Banco Bilbao Vizcaya Argentaria by 189.4% in the 4th quarter. LPL Financial LLC now owns 397,979 shares of the bank’s stock valued at $3,868,000 after buying an additional 260,472 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Banco Bilbao Vizcaya Argentaria by 17.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 444,961 shares of the bank’s stock valued at $4,325,000 after acquiring an additional 67,431 shares during the period. Finally, Cetera Investment Advisers boosted its holdings in shares of Banco Bilbao Vizcaya Argentaria by 21.5% during the fourth quarter. Cetera Investment Advisers now owns 205,919 shares of the bank’s stock worth $2,002,000 after acquiring an additional 36,473 shares during the period. 2.96% of the stock is currently owned by institutional investors.

About Banco Bilbao Vizcaya Argentaria

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.