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

Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as $21.13 and last traded at $21.12, with a volume of 1422026 shares changing hands. The stock had previously closed at $20.42.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Barclays upgraded Banco Bilbao Viscaya Argentaria from an “equal weight” rating to an “overweight” rating in a research report on Thursday, August 7th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Banco Bilbao Viscaya Argentaria in a research note on Thursday, October 30th. Zacks Research lowered shares of Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a research report on Monday. 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. Finally, Morgan Stanley started coverage on Banco Bilbao Viscaya Argentaria in a research note on Tuesday, October 21st. They set an “equal weight” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Banco Bilbao Viscaya Argentaria Trading Up 1.7%

The company has a debt-to-equity ratio of 1.18, a current ratio of 1.01 and a quick ratio of 1.01. The firm has a market capitalization of $127.41 billion, a PE ratio of 11.49, a price-to-earnings-growth ratio of 1.07 and a beta of 1.21. The stock’s 50-day moving average price is $19.40 and its 200 day moving average price is $17.12.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last released its quarterly earnings data on Thursday, October 30th. The bank reported $0.49 EPS for the quarter, topping the consensus estimate of $0.48 by $0.01. Banco Bilbao Viscaya Argentaria had a return on equity of 17.61% and a net margin of 29.17%.The company had revenue of $10.62 billion for the quarter, compared to the consensus estimate of $10.47 billion. On average, sell-side analysts expect that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 EPS for the current fiscal year.

Banco Bilbao Viscaya Argentaria Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Monday, November 24th. Investors of record on Thursday, November 6th will be paid a $0.3736 dividend. The ex-dividend date of this dividend is Thursday, November 6th. This represents a yield of 361.0%. Banco Bilbao Viscaya Argentaria’s dividend payout ratio is 31.41%.

Institutional Investors Weigh In On Banco Bilbao Viscaya Argentaria

Several large investors have recently modified their holdings of BBVA. Navigoe LLC bought a new position in shares of Banco Bilbao Viscaya Argentaria during the third quarter valued at approximately $26,000. Financial Management Professionals Inc. lifted its holdings in Banco Bilbao Viscaya Argentaria by 105.9% during the second quarter. Financial Management Professionals Inc. now owns 1,845 shares of the bank’s stock worth $28,000 after buying an additional 949 shares during the period. Twin Peaks Wealth Advisors LLC bought a new stake in Banco Bilbao Viscaya Argentaria during the 2nd quarter valued at $30,000. Cornerstone Planning Group LLC increased 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 acquiring an additional 1,033 shares during the period. Finally, Salomon & Ludwin LLC raised its position in shares of Banco Bilbao Viscaya Argentaria by 2,989.5% in the 3rd quarter. Salomon & Ludwin LLC now owns 2,348 shares of the bank’s stock worth $45,000 after acquiring an additional 2,272 shares in the last quarter. Institutional investors own 2.96% of the company’s stock.

About Banco Bilbao Viscaya Argentaria

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.