Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) Given Average Recommendation of “Hold” by Analysts

Shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) have earned an average recommendation of “Hold” from the eight ratings firms that are covering the firm, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company.

Several equities analysts have recently issued reports on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Banco Bilbao Viscaya Argentaria in a research note on Friday, July 31st. Keefe, Bruyette & Woods cut shares of Banco Bilbao Viscaya Argentaria from a “moderate buy” rating to a “hold” rating in a report on Wednesday, August 12th. 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. 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.

Hedge Funds Weigh In On Banco Bilbao Viscaya Argentaria

Several large investors have recently bought and sold shares of the business. Engineers Gate Manager LP purchased a new stake in Banco Bilbao Viscaya Argentaria during the 2nd quarter worth about $979,000. Pinnacle Wealth Management Advisory Group LLC purchased a new position in shares of Banco Bilbao Viscaya Argentaria in the 2nd quarter valued at about $203,000. RFG Advisory LLC acquired a new stake in shares of Banco Bilbao Viscaya Argentaria during the 2nd quarter worth about $223,000. NewEdge Advisors LLC lifted its stake in Banco Bilbao Viscaya Argentaria by 48.5% during the second quarter. NewEdge Advisors LLC now owns 224,896 shares of the bank’s stock worth $5,636,000 after purchasing an additional 73,417 shares during the last quarter. Finally, West Family Investments Inc. boosted its holdings in Banco Bilbao Viscaya Argentaria by 42.7% in the second quarter. West Family Investments Inc. now owns 17,164 shares of the bank’s stock valued at $430,000 after purchasing an additional 5,139 shares in the last quarter. Hedge funds and other institutional investors own 2.96% of the company’s stock.

Banco Bilbao Viscaya Argentaria Stock Up 2.6%

Shares of NYSE BBVA opened at $28.82 on Friday. The stock has a market cap of $160.87 billion, a P/E ratio of 13.10, a PEG ratio of 0.74 and a beta of 0.80. The business’s fifty day simple moving average is $27.89 and its 200-day simple moving average is $24.51. Banco Bilbao Viscaya Argentaria has a 12-month low of $17.90 and a 12-month high of $29.64. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.77.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last released its earnings results on Tuesday, June 30th. The bank reported $0.62 EPS for the quarter. Banco Bilbao Viscaya Argentaria had a return on equity of 18.05% and a net margin of 27.75%.The firm had revenue of $11.99 billion during the quarter. As a group, equities analysts predict that Banco Bilbao Viscaya Argentaria will post 2.42 EPS for the current fiscal year.

Banco Bilbao Viscaya Argentaria Company Profile

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

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.