Banco Bilbao Viscaya Argentaria (NYSE:BBVA) Stock Passes Above Fifty Day Moving Average – Here’s Why

Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA)’s stock price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $26.86 and traded as high as $29.18. Banco Bilbao Viscaya Argentaria shares last traded at $28.96, with a volume of 800,982 shares traded.

Analysts Set New Price Targets

A number of analysts have issued reports on BBVA shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Banco Bilbao Viscaya Argentaria in a research note on Friday, July 31st. Wall Street Zen upgraded shares of Banco Bilbao Viscaya Argentaria from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Keefe, Bruyette & Woods downgraded shares of Banco Bilbao Viscaya Argentaria from a “moderate buy” rating to a “hold” rating in a report on Wednesday, August 12th. Finally, Bank of America cut shares of Banco Bilbao Viscaya Argentaria from a “buy” rating to a “neutral” rating in a report on Wednesday, July 15th. One research analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Banco Bilbao Viscaya Argentaria currently has an average rating of “Hold”.

Banco Bilbao Viscaya Argentaria Stock Up 1.7%

The firm has a market capitalization of $162.54 billion, a price-to-earnings ratio of 13.23, a price-to-earnings-growth ratio of 0.76 and a beta of 0.80. The company has a debt-to-equity ratio of 1.77, a quick ratio of 1.06 and a current ratio of 1.06. The business’s 50 day moving average is $26.94 and its 200-day moving average is $24.02.

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. The firm had revenue of $11.99 billion during the quarter. Banco Bilbao Viscaya Argentaria had a net margin of 27.75% and a return on equity of 18.05%. Equities analysts anticipate that Banco Bilbao Viscaya Argentaria S.A. will post 2.42 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 the business. Basepoint Wealth LLC acquired a new position in shares of Banco Bilbao Viscaya Argentaria during the fourth quarter worth approximately $26,000. Root Financial Partners LLC increased its position in Banco Bilbao Viscaya Argentaria by 59.6% during the fourth quarter. Root Financial Partners LLC now owns 1,141 shares of the bank’s stock worth $27,000 after acquiring an additional 426 shares during the period. Whipplewood Advisors LLC bought a new position in Banco Bilbao Viscaya Argentaria during the first quarter worth $27,000. Harbour Investments Inc. raised its stake in Banco Bilbao Viscaya Argentaria by 84.1% during the 4th quarter. Harbour Investments Inc. now owns 1,259 shares of the bank’s stock valued at $29,000 after purchasing an additional 575 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new stake in Banco Bilbao Viscaya Argentaria in the 4th quarter valued at $31,000. 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.