Banco Bilbao Viscaya Argentaria (NYSE:BBVA) Shares Cross Below 50 Day Moving Average – What’s Next?

Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) shares crossed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $28.10 and traded as low as $25.25. Banco Bilbao Viscaya Argentaria shares last traded at $25.5150, with a volume of 1,130,293 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Zacks Research raised shares of Banco Bilbao Viscaya Argentaria from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. 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. UBS Group reaffirmed a “neutral” rating on shares of Banco Bilbao Viscaya Argentaria in a report on Thursday, August 20th. Weiss Ratings raised Banco Bilbao Viscaya Argentaria from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, October 8th. Finally, Deutsche Bank Aktiengesellschaft lowered Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Banco Bilbao Viscaya Argentaria Stock Performance

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 firm’s 50 day moving average is $27.98 and its 200-day moving average is $25.51. The stock has a market capitalization of $139.82 billion, a price-to-earnings ratio of 11.62, a PEG ratio of 0.68 and a beta of 0.82.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last released its quarterly earnings results on Tuesday, June 30th. The bank reported $0.62 EPS for the quarter. Banco Bilbao Viscaya Argentaria had a net margin of 27.75% and a return on equity of 18.05%. The company had revenue of $11.99 billion for the quarter. Analysts forecast that Banco Bilbao Viscaya Argentaria S.A. will post 2.41 earnings per share for the current fiscal year.

Banco Bilbao Viscaya Argentaria Announces Dividend

The company also recently announced a dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, October 14th will be paid a dividend of $0.4168 per share. This represents a dividend yield of 324.0%. The ex-dividend date of this dividend is Wednesday, October 14th. Banco Bilbao Viscaya Argentaria’s dividend payout ratio is presently 30.91%.

Hedge Funds Weigh In On Banco Bilbao Viscaya Argentaria

Institutional investors and hedge funds have recently modified their holdings of the business. Greenspring Advisors LLC raised its holdings in Banco Bilbao Viscaya Argentaria by 3.3% in the 2nd quarter. Greenspring Advisors LLC now owns 11,065 shares of the bank’s stock worth $277,000 after purchasing an additional 351 shares during the period. Retirement Wealth Solutions LLC grew its holdings in Banco Bilbao Viscaya Argentaria by 53.5% in the third quarter. Retirement Wealth Solutions LLC now owns 1,127 shares of the bank’s stock valued at $31,000 after purchasing an additional 393 shares during the period. Greenleaf Trust grew its holdings in Banco Bilbao Viscaya Argentaria by 3.6% in the second quarter. Greenleaf Trust now owns 12,315 shares of the bank’s stock valued at $309,000 after purchasing an additional 432 shares during the period. Waverly Advisors LLC increased its position in shares of Banco Bilbao Viscaya Argentaria by 2.4% in the second quarter. Waverly Advisors LLC now owns 22,601 shares of the bank’s stock valued at $566,000 after buying an additional 525 shares in the last quarter. Finally, 55 North Private Wealth LLC increased its position in shares of Banco Bilbao Viscaya Argentaria by 2.9% in the third quarter. 55 North Private Wealth LLC now owns 18,914 shares of the bank’s stock valued at $527,000 after buying an additional 538 shares in the last quarter. Hedge funds and other institutional investors own 2.96% of the company’s stock.

About Banco Bilbao Viscaya Argentaria

Banco Bilbao Vizcaya Argentaria, SA (NYSE: BBVA) is a global financial services group headquartered in Bilbao, Spain. The bank traces its origins to Banco de Bilbao, founded in 1857, and adopted the BBVA name in 1999 following the merger of Banco Bilbao Vizcaya and Argentaria.

BBVA provides retail and commercial banking services, including checking and savings accounts, consumer and mortgage lending, credit cards, payments, and digital banking. It also serves businesses and institutions through corporate and investment banking, transaction banking, capital markets, and advisory services.