Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Stock Rating Cut to “Hold” at Zacks Research

Zacks Research downgraded shares of Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) from a strong-buy rating to a hold rating in a report issued on Monday morning,Zacks reports.

Several other research analysts also recently commented on BBVA. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Banco Bilbao Vizcaya Argentaria in a report on Monday, August 10th. UBS Group reiterated a “neutral” rating on shares of Banco Bilbao Vizcaya Argentaria in a research report on Thursday, August 20th. Keefe, Bruyette & Woods cut Banco Bilbao Vizcaya Argentaria from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, August 12th. Barclays restated a “neutral” rating on shares of Banco Bilbao Vizcaya Argentaria in a research report on Tuesday, July 14th. Finally, Weiss Ratings lowered Banco Bilbao Vizcaya Argentaria from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday. Four research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Banco Bilbao Vizcaya Argentaria presently has an average rating of “Hold”.

Banco Bilbao Vizcaya Argentaria Trading Down 0.4%

Shares of NYSE:BBVA opened at $25.23 on Monday. The firm’s fifty day moving average is $27.75 and its 200-day moving average is $24.79. Banco Bilbao Vizcaya Argentaria has a 52 week low of $19.82 and a 52 week high of $29.64.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last issued its quarterly earnings data on Tuesday, June 30th. The bank reported $0.62 earnings per share for the quarter. The business had revenue of $11.99 billion during the quarter. As a group, equities analysts expect that Banco Bilbao Vizcaya Argentaria will post 2.41 earnings per share for the current fiscal year.

Banco Bilbao Vizcaya Argentaria Announces Dividend

The company also recently declared a dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, October 14th will be given a dividend of $0.4168 per share. The ex-dividend date of this dividend is Wednesday, October 14th. This represents a yield of 324.0%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. CoreCap Advisors LLC boosted its position in shares of Banco Bilbao Vizcaya Argentaria by 192.9% during the 3rd quarter. CoreCap Advisors LLC now owns 911 shares of the bank’s stock valued at $25,000 after purchasing an additional 600 shares in the last quarter. Retirement Wealth Solutions LLC grew its stake in Banco Bilbao Vizcaya Argentaria by 53.5% during the third quarter. Retirement Wealth Solutions LLC now owns 1,127 shares of the bank’s stock worth $31,000 after purchasing an additional 393 shares during the period. West Financial Advisors LLC bought a new stake in Banco Bilbao Vizcaya Argentaria in the third quarter worth approximately $32,000. Whipplewood Advisors LLC bought a new stake in Banco Bilbao Vizcaya Argentaria in the first quarter worth approximately $27,000. Finally, FNY Investment Advisers LLC acquired a new position in Banco Bilbao Vizcaya Argentaria in the second quarter valued at approximately $37,000. 2.96% of the stock is owned by institutional investors and hedge funds.

About Banco Bilbao Vizcaya 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.