Banco Bilbao Viscaya Argentaria (NYSE:BBVA) Stock Rating Upgraded by Zacks Research

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Monday, Zacks reports.

A number of other equities research analysts have also weighed in on the company. Keefe, Bruyette & Woods lowered Banco Bilbao Viscaya Argentaria from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, August 12th. 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 raised shares of Banco Bilbao Viscaya Argentaria from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Finally, Bank of America downgraded shares of Banco Bilbao Viscaya Argentaria from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Banco Bilbao Viscaya Argentaria Price Performance

BBVA opened at $27.15 on Monday. Banco Bilbao Viscaya Argentaria has a twelve month low of $17.90 and a twelve month high of $29.64. The firm has a market cap of $151.54 billion, a price-to-earnings ratio of 12.34, a PEG ratio of 0.71 and a beta of 0.82. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.77. The company has a fifty day simple moving average of $28.50 and a 200 day simple moving average of $25.12.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last announced its earnings results on Tuesday, June 30th. The bank reported $0.62 earnings per share (EPS) for the quarter. Banco Bilbao Viscaya Argentaria had a return on equity of 18.05% and a net margin of 27.75%.The business had revenue of $11.99 billion for the quarter. Equities research analysts expect that Banco Bilbao Viscaya Argentaria will post 2.42 EPS for the current fiscal year.

Institutional Trading of Banco Bilbao Viscaya Argentaria

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. QRG Capital Management Inc. grew its position in shares of Banco Bilbao Viscaya Argentaria by 13.0% during the second quarter. QRG Capital Management Inc. now owns 609,469 shares of the bank’s stock worth $15,273,000 after acquiring an additional 70,207 shares during the last quarter. Engineers Gate Manager LP acquired a new stake in shares of Banco Bilbao Viscaya Argentaria in the 2nd quarter worth about $979,000. Pinnacle Wealth Management Advisory Group LLC bought a new stake in Banco Bilbao Viscaya Argentaria in the 2nd quarter valued at about $203,000. RFG Advisory LLC bought a new stake in Banco Bilbao Viscaya Argentaria in the 2nd quarter valued at about $223,000. Finally, NewEdge Advisors LLC boosted its stake in Banco Bilbao Viscaya Argentaria by 48.5% during the 2nd quarter. NewEdge Advisors LLC now owns 224,896 shares of the bank’s stock valued at $5,636,000 after purchasing an additional 73,417 shares during the period. 2.96% of the stock is currently owned by institutional investors and hedge funds.

Banco Bilbao Viscaya Argentaria Company Profile

Banco Bilbao Vizcaya Argentaria, SA (NYSE: BBVA) is a Spanish multinational financial services group headquartered in Bilbao, Spain. The bank provides retail and commercial banking, corporate and investment banking, wealth management, asset management, payments and insurance services to individuals, businesses, institutions and public-sector clients.

BBVA traces its origins to Banco de Bilbao, founded in 1857. The modern group was formed through the merger of Banco Bilbao Vizcaya and Argentaria in 1999.