Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) have earned an average recommendation of “Moderate Buy” from the five ratings firms that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company.

A number of equities research analysts recently commented on BBVA shares. Royal Bank Of Canada downgraded shares of Banco Bilbao Viscaya Argentaria from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 28th. Wall Street Zen raised Banco Bilbao Viscaya Argentaria from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Weiss Ratings raised Banco Bilbao Viscaya Argentaria from a “buy (b+)” rating to a “buy (a-)” rating in a report on Thursday, March 12th. Finally, Zacks Research downgraded Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 10th.

Banco Bilbao Viscaya Argentaria Stock Performance

Shares of BBVA opened at $21.37 on Friday. Banco Bilbao Viscaya Argentaria has a fifty-two week low of $11.59 and a fifty-two week high of $26.20. The firm has a 50-day simple moving average of $23.26 and a 200-day simple moving average of $21.71. The company has a market capitalization of $123.13 billion, a price-to-earnings ratio of 10.85, a price-to-earnings-growth ratio of 0.57 and a beta of 0.80.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last posted its quarterly earnings data on Thursday, February 5th. The bank reported $0.50 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.50. Banco Bilbao Viscaya Argentaria had a return on equity of 17.29% and a net margin of 28.43%.The company had revenue of $11.49 billion during the quarter, compared to analysts’ expectations of $10.74 billion. Equities research analysts forecast that Banco Bilbao Viscaya Argentaria will post 1.59 EPS for the current year.

Banco Bilbao Viscaya Argentaria Dividend Announcement

The business also recently announced a dividend, which will be paid on Monday, April 27th. Shareholders of record on Thursday, April 9th will be issued a $0.7084 dividend. The ex-dividend date of this dividend is Thursday, April 9th. This represents a yield of 678.0%. Banco Bilbao Viscaya Argentaria’s dividend payout ratio (DPR) is 30.46%.

Institutional Investors Weigh In On Banco Bilbao Viscaya Argentaria

Institutional investors have recently modified their holdings of the company. Bank of America Corp DE grew its holdings in Banco Bilbao Viscaya Argentaria by 28.0% in the second quarter. Bank of America Corp DE now owns 9,288,196 shares of the bank’s stock valued at $142,760,000 after purchasing an additional 2,034,318 shares during the last quarter. Capital International Investors raised its stake in shares of Banco Bilbao Viscaya Argentaria by 0.6% during the 3rd quarter. Capital International Investors now owns 6,616,619 shares of the bank’s stock worth $125,914,000 after buying an additional 40,320 shares during the last quarter. Clark Capital Management Group Inc. raised its stake in shares of Banco Bilbao Viscaya Argentaria by 2.0% during the 3rd quarter. Clark Capital Management Group Inc. now owns 5,755,246 shares of the bank’s stock worth $110,788,000 after buying an additional 113,250 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Banco Bilbao Viscaya Argentaria by 6.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,846,150 shares of the bank’s stock worth $93,288,000 after buying an additional 297,752 shares in the last quarter. Finally, Barclays PLC raised its position in Banco Bilbao Viscaya Argentaria by 1,819.7% during the fourth quarter. Barclays PLC now owns 3,616,734 shares of the bank’s stock worth $84,306,000 after acquiring an additional 3,428,336 shares during the last quarter. Hedge funds and other institutional investors own 2.96% of the company’s stock.

Banco Bilbao Viscaya Argentaria Company Profile

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.