Banco Bilbao Viscaya Argentaria (NYSE:BBVA) Hits New 52-Week High – What’s Next?

Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) shares reached a new 52-week high on Tuesday . The company traded as high as $29.12 and last traded at $29.0270, with a volume of 9740 shares changing hands. The stock had previously closed at $28.80.

Wall Street Analysts Forecast Growth

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 cut shares of Banco Bilbao Viscaya Argentaria from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, August 12th. Bank of America downgraded shares of Banco Bilbao Viscaya Argentaria from a “buy” rating to a “neutral” rating in a report on Wednesday, July 15th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Banco Bilbao Viscaya Argentaria in a research note on Friday, July 31st. One analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Banco Bilbao Viscaya Argentaria presently has a consensus rating of “Hold”.

Banco Bilbao Viscaya Argentaria Price Performance

The company has a 50 day moving average price of $26.09 and a 200-day moving average price of $23.76. The company has a market cap of $162.98 billion, a price-to-earnings ratio of 12.98, a P/E/G ratio of 0.77 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 posted its 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 business had revenue of $11.99 billion for the quarter. As a group, equities research analysts predict that Banco Bilbao Viscaya Argentaria S.A. will post 2.37 EPS for the current fiscal year.

Hedge Funds Weigh In On Banco Bilbao Viscaya Argentaria

A number of hedge funds have recently modified their holdings of BBVA. Greenleaf Trust increased its holdings in Banco Bilbao Viscaya Argentaria by 3.6% in the second quarter. Greenleaf Trust now owns 12,315 shares of the bank’s stock valued at $309,000 after purchasing an additional 432 shares during the period. Pin Oak Investment Advisors Inc. acquired a new position in Banco Bilbao Viscaya Argentaria during the 2nd quarter worth about $113,000. Public Employees Retirement System of Ohio acquired a new position in Banco Bilbao Viscaya Argentaria during the 2nd quarter worth about $691,000. Redhawk Wealth Advisors Inc. grew its position in shares of Banco Bilbao Viscaya Argentaria by 6.1% in the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 64,149 shares of the bank’s stock valued at $1,608,000 after buying an additional 3,694 shares during the last quarter. Finally, Valeo Financial Advisors LLC grew its position in shares of Banco Bilbao Viscaya Argentaria by 6.8% in the 2nd quarter. Valeo Financial Advisors LLC now owns 18,027 shares of the bank’s stock valued at $452,000 after buying an additional 1,151 shares during the last quarter. Institutional investors and hedge funds own 2.96% of the company’s stock.

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.