Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Hits New 1-Year High – Here’s Why

Shares of Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $12.89 and last traded at $12.89, with a volume of 20585 shares changing hands. The stock had previously closed at $12.63.

Analyst Ratings Changes

Several analysts have recently weighed in on BBVA shares. StockNews.com upgraded Banco Bilbao Vizcaya Argentaria from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. Hsbc Global Res raised shares of Banco Bilbao Vizcaya Argentaria from a “hold” rating to a “strong-buy” rating in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Banco Bilbao Vizcaya Argentaria has a consensus rating of “Moderate Buy”.

Banco Bilbao Vizcaya Argentaria Stock Up 1.9 %

The firm has a market capitalization of $75.16 billion, a price-to-earnings ratio of 7.11, a PEG ratio of 0.76 and a beta of 1.27. The company has a current ratio of 1.01, a quick ratio of 0.27 and a debt-to-equity ratio of 1.16. The stock has a fifty day moving average of $10.70 and a 200-day moving average of $10.30.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last issued its earnings results on Tuesday, February 4th. The bank reported $0.44 EPS for the quarter, topping the consensus estimate of $0.40 by $0.04. Banco Bilbao Vizcaya Argentaria had a return on equity of 17.49% and a net margin of 28.10%. As a group, sell-side analysts expect that Banco Bilbao Vizcaya Argentaria, S.A. will post 1.59 EPS for the current year.

Institutional Investors Weigh In On Banco Bilbao Vizcaya Argentaria

A number of institutional investors have recently modified their holdings of the stock. Symmetry Investments LP purchased a new stake in shares of Banco Bilbao Vizcaya Argentaria during the fourth quarter worth $27,647,000. Northern Trust Corp raised its holdings in shares of Banco Bilbao Vizcaya Argentaria by 48.6% during the 4th quarter. Northern Trust Corp now owns 7,418,877 shares of the bank’s stock valued at $72,111,000 after purchasing an additional 2,424,880 shares in the last quarter. Millennium Management LLC lifted its stake in shares of Banco Bilbao Vizcaya Argentaria by 514.5% in the 4th quarter. Millennium Management LLC now owns 951,350 shares of the bank’s stock valued at $9,247,000 after purchasing an additional 796,526 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Banco Bilbao Vizcaya Argentaria in the fourth quarter worth $7,333,000. Finally, Bank of America Corp DE increased its position in Banco Bilbao Vizcaya Argentaria by 13.7% during the fourth quarter. Bank of America Corp DE now owns 5,108,410 shares of the bank’s stock worth $49,654,000 after buying an additional 613,563 shares during the last quarter. Institutional investors and hedge funds own 2.96% of the company’s stock.

Banco Bilbao Vizcaya Argentaria Company Profile

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.