Banco Bilbao Viscaya Argentaria (NYSE:BBVA) Hits New 1-Year High – Should You Buy?

Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) shares hit a new 52-week high on Wednesday . The stock traded as high as $20.57 and last traded at $20.5250, with a volume of 1181838 shares. The stock had previously closed at $20.02.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a research note on Sunday, October 19th. Morgan Stanley assumed coverage on shares of Banco Bilbao Viscaya Argentaria in a report on Tuesday, October 21st. They set an “equal weight” rating for the company. Weiss Ratings reissued a “buy (b+)” rating on shares of Banco Bilbao Viscaya Argentaria in a report on Thursday, October 30th. Finally, Barclays raised shares of Banco Bilbao Viscaya Argentaria from an “equal weight” rating to an “overweight” rating in a report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Banco Bilbao Viscaya Argentaria Stock Performance

The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $119.71 billion, a PE ratio of 10.79, a PEG ratio of 1.07 and a beta of 1.19. The stock’s fifty day simple moving average is $19.05 and its 200-day simple moving average is $16.84.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last issued its earnings results on Thursday, October 30th. The bank reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. Banco Bilbao Viscaya Argentaria had a net margin of 29.17% and a return on equity of 17.61%. The company had revenue of $10.62 billion during the quarter, compared to analysts’ expectations of $10.47 billion. On average, research analysts predict that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 earnings per share for the current fiscal year.

Banco Bilbao Viscaya Argentaria Announces Dividend

The firm also recently declared a dividend, which will be paid on Monday, November 24th. Stockholders of record on Thursday, November 6th will be given a $0.3736 dividend. The ex-dividend date is Thursday, November 6th. This represents a dividend yield of 395.0%. Banco Bilbao Viscaya Argentaria’s dividend payout ratio is currently 31.41%.

Institutional Trading of Banco Bilbao Viscaya Argentaria

Hedge funds have recently bought and sold shares of the company. Navigoe LLC acquired a new stake in Banco Bilbao Viscaya Argentaria during the third quarter worth approximately $26,000. Financial Management Professionals Inc. boosted its holdings in shares of Banco Bilbao Viscaya Argentaria by 105.9% in the 2nd quarter. Financial Management Professionals Inc. now owns 1,845 shares of the bank’s stock valued at $28,000 after purchasing an additional 949 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Banco Bilbao Viscaya Argentaria in the 2nd quarter valued at $30,000. Cornerstone Planning Group LLC boosted its holdings in shares of Banco Bilbao Viscaya Argentaria by 183.2% in the 3rd quarter. Cornerstone Planning Group LLC now owns 1,597 shares of the bank’s stock valued at $32,000 after purchasing an additional 1,033 shares during the last quarter. Finally, Private Trust Co. NA boosted its holdings in shares of Banco Bilbao Viscaya Argentaria by 224.7% in the 1st quarter. Private Trust Co. NA now owns 2,607 shares of the bank’s stock valued at $36,000 after purchasing an additional 1,804 shares during the last quarter. Institutional investors and hedge funds own 2.96% of the company’s stock.

Banco Bilbao Viscaya 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.