Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Sees Strong Trading Volume – Here’s What Happened

Shares of Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) saw an uptick in trading volume on Tuesday . 4,121,809 shares were traded during trading, an increase of 128% from the previous session’s volume of 1,805,219 shares.The stock last traded at $15.12 and had previously closed at $15.10.

Analysts Set New Price Targets

Several brokerages have issued reports on BBVA. Kepler Capital Markets raised shares of Banco Bilbao Vizcaya Argentaria from a “reduce” rating to a “hold” rating in a report on Thursday, February 27th. Wall Street Zen downgraded shares of Banco Bilbao Vizcaya Argentaria from a “buy” rating to a “hold” rating in a research report on Friday, May 30th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Banco Bilbao Vizcaya Argentaria presently has an average rating of “Moderate Buy”.

Banco Bilbao Vizcaya Argentaria Price Performance

The company has a debt-to-equity ratio of 1.16, a current ratio of 1.01 and a quick ratio of 0.27. The business’s 50 day moving average price is $14.23 and its 200 day moving average price is $12.54. The stock has a market capitalization of $88.65 billion, a P/E ratio of 8.39, a price-to-earnings-growth ratio of 0.80 and a beta of 1.08.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last announced its earnings results on Tuesday, April 29th. The bank reported $0.47 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.47. The business had revenue of $10.61 billion during the quarter, compared to analyst estimates of $9.12 billion. Banco Bilbao Vizcaya Argentaria had a net margin of 28.10% and a return on equity of 17.49%. Sell-side analysts forecast that Banco Bilbao Vizcaya Argentaria, S.A. will post 1.59 EPS for the current year.

Banco Bilbao Vizcaya Argentaria Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Friday, April 25th. Shareholders of record on Wednesday, April 9th were issued a $0.4439 dividend. This is an increase from Banco Bilbao Vizcaya Argentaria’s previous semi-annual dividend of $0.11. The ex-dividend date was Wednesday, April 9th. This represents a yield of 4.3%. Banco Bilbao Vizcaya Argentaria’s dividend payout ratio is currently 39.15%.

Institutional Investors Weigh In On Banco Bilbao Vizcaya Argentaria

A number of large investors have recently made changes to their positions in the company. Alpine Bank Wealth Management bought a new stake in Banco Bilbao Vizcaya Argentaria during the first quarter valued at approximately $29,000. Huntington National Bank increased its stake in shares of Banco Bilbao Vizcaya Argentaria by 96.7% in the 4th quarter. Huntington National Bank now owns 3,616 shares of the bank’s stock worth $35,000 after purchasing an additional 1,778 shares in the last quarter. Private Trust Co. NA raised its holdings in Banco Bilbao Vizcaya Argentaria by 224.7% in the 1st quarter. Private Trust Co. NA now owns 2,607 shares of the bank’s stock worth $36,000 after purchasing an additional 1,804 shares during the period. Avion Wealth purchased a new position in Banco Bilbao Vizcaya Argentaria during the fourth quarter valued at $39,000. Finally, Cullen Frost Bankers Inc. bought a new stake in Banco Bilbao Vizcaya Argentaria during the first quarter valued at about $46,000. 2.96% of the stock is currently owned by institutional investors.

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.