Banco Bilbao Viscaya Argentaria (NYSE:BBVA) Reaches New 52-Week High – Should You Buy?

Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $28.05 and last traded at $28.19, with a volume of 2839 shares traded. The stock had previously closed at $27.95.

Wall Street Analyst Weigh In

BBVA has been the topic of several recent research reports. UBS Group restated a “neutral” rating on shares of Banco Bilbao Viscaya Argentaria in a report on Monday, April 20th. Wall Street Zen downgraded Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Bank of America lowered Banco Bilbao Viscaya Argentaria from a “buy” rating to a “neutral” rating in a report on Wednesday, July 15th. Weiss Ratings reissued a “buy (b)” rating on shares of Banco Bilbao Viscaya Argentaria in a research note on Friday. Finally, Barclays lowered Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 15th. One analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Banco Bilbao Viscaya Argentaria has a consensus rating of “Hold”.

Banco Bilbao Viscaya Argentaria Stock Down 0.9%

The firm has a market capitalization of $160.38 billion, a price-to-earnings ratio of 12.77, a price-to-earnings-growth ratio of 0.80 and a beta of 0.80. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.24 and a current ratio of 1.06. The business’s 50 day moving average is $24.84 and its 200-day moving average is $23.48.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last released its earnings results on Tuesday, June 30th. The bank reported $0.62 earnings per share for the quarter. Banco Bilbao Viscaya Argentaria had a net margin of 27.75% and a return on equity of 18.05%. The firm had revenue of $11.99 billion during the quarter. Equities analysts anticipate that Banco Bilbao Viscaya Argentaria S.A. will post 2.35 EPS for the current fiscal year.

Institutional Trading of Banco Bilbao Viscaya Argentaria

Several hedge funds have recently added to or reduced their stakes in BBVA. JCIC Asset Management Inc. bought a new stake in shares of Banco Bilbao Viscaya Argentaria in the fourth quarter valued at approximately $3,075,000. Tudor Investment Corp ET AL acquired a new position in Banco Bilbao Viscaya Argentaria during the 3rd quarter valued at $1,632,000. Global Retirement Partners LLC boosted its holdings in Banco Bilbao Viscaya Argentaria by 120.9% in the 4th quarter. Global Retirement Partners LLC now owns 76,788 shares of the bank’s stock valued at $1,790,000 after purchasing an additional 42,026 shares during the period. Diversify Wealth Management LLC increased its holdings in shares of Banco Bilbao Viscaya Argentaria by 42.4% during the 1st quarter. Diversify Wealth Management LLC now owns 185,755 shares of the bank’s stock worth $3,955,000 after purchasing an additional 55,304 shares during the period. Finally, Advisors Preferred LLC acquired a new position in shares of Banco Bilbao Viscaya Argentaria during the first quarter valued at about $778,000. Institutional investors 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.