Banco Bilbao Vizcaya Argentaria (BBVA) Downgraded to Hold at Santander

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) was downgraded by equities research analysts at Santander from a “buy” rating to a “hold” rating in a research note issued on Wednesday, The Fly reports.

Several other research firms also recently weighed in on BBVA. BidaskClub downgraded Banco Bilbao Vizcaya Argentaria from a “hold” rating to a “sell” rating in a research report on Monday, October 23rd. Zacks Investment Research downgraded Banco Bilbao Vizcaya Argentaria from a “hold” rating to a “sell” rating in a research report on Wednesday, December 6th. Finally, ValuEngine raised Banco Bilbao Vizcaya Argentaria from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $10.00.

Shares of Banco Bilbao Vizcaya Argentaria (NYSE BBVA) traded up $0.05 during trading hours on Wednesday, hitting $9.15. The company had a trading volume of 3,769,300 shares, compared to its average volume of 2,440,720. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.27. The firm has a market cap of $61,500.00, a P/E ratio of 12.36, a price-to-earnings-growth ratio of 1.28 and a beta of 0.96. Banco Bilbao Vizcaya Argentaria has a 1 year low of $6.34 and a 1 year high of $9.35.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last issued its quarterly earnings data on Friday, October 27th. The bank reported $0.19 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.19. The firm had revenue of $7.27 billion during the quarter. Banco Bilbao Vizcaya Argentaria had a return on equity of 7.49% and a net margin of 16.46%. sell-side analysts expect that Banco Bilbao Vizcaya Argentaria will post 0.76 EPS for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Neuberger Berman Group LLC boosted its stake in shares of Banco Bilbao Vizcaya Argentaria by 0.7% in the 3rd quarter. Neuberger Berman Group LLC now owns 865,231 shares of the bank’s stock valued at $7,718,000 after buying an additional 6,335 shares during the period. Synovus Financial Corp boosted its stake in shares of Banco Bilbao Vizcaya Argentaria by 4.3% in the 3rd quarter. Synovus Financial Corp now owns 183,951 shares of the bank’s stock valued at $1,645,000 after buying an additional 7,579 shares during the period. Dorsey & Whitney Trust CO LLC boosted its stake in shares of Banco Bilbao Vizcaya Argentaria by 27.7% in the 3rd quarter. Dorsey & Whitney Trust CO LLC now owns 49,709 shares of the bank’s stock valued at $443,000 after buying an additional 10,796 shares during the period. Beacon Investment Advisory Services Inc. purchased a new position in shares of Banco Bilbao Vizcaya Argentaria in the 3rd quarter valued at about $100,000. Finally, Glovista Investments LLC purchased a new position in shares of Banco Bilbao Vizcaya Argentaria in the 3rd quarter valued at about $108,000. 3.17% of the stock is owned by institutional investors.

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Banco Bilbao Vizcaya Argentaria Company Profile

Banco Bilbao Vizcaya Argentaria, SA (BBVA) is a diversified financial company engaged in retail banking, wholesale banking, asset management and private banking. Its segments include Banking Activity in Spain, Real Estate Activity in Spain, the United States Turkey, Mexico, South America and Rest of Eurasia.

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Analyst Recommendations for Banco Bilbao Vizcaya Argentaria (NYSE:BBVA)

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