Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Shares Gap Up to $4.18

Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVAGet Rating)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $4.18, but opened at $4.28. Banco Bilbao Vizcaya Argentaria shares last traded at $4.25, with a volume of 112,459 shares traded.

Analysts Set New Price Targets

A number of equities analysts have weighed in on BBVA shares. Deutsche Bank Aktiengesellschaft upgraded shares of Banco Bilbao Vizcaya Argentaria from a “hold” rating to a “buy” rating in a research report on Monday, May 9th. Oddo Bhf downgraded shares of Banco Bilbao Vizcaya Argentaria from an “outperform” rating to a “neutral” rating in a report on Friday, March 25th. JPMorgan Chase & Co. lowered their price target on shares of Banco Bilbao Vizcaya Argentaria from €6.00 ($6.06) to €5.80 ($5.86) in a report on Thursday, June 9th. The Goldman Sachs Group started coverage on shares of Banco Bilbao Vizcaya Argentaria in a report on Wednesday, March 30th. They issued a “neutral” rating on the stock. Finally, Barclays lowered their price target on shares of Banco Bilbao Vizcaya Argentaria from €6.50 ($6.57) to €6.20 ($6.26) and set an “equal weight” rating on the stock in a report on Wednesday, May 4th. Six investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $6.22.

Banco Bilbao Vizcaya Argentaria Price Performance

The business’s 50 day moving average is $4.71 and its two-hundred day moving average is $5.45. The firm has a market capitalization of $26.82 billion, a PE ratio of 4.94 and a beta of 1.44. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.58 and a quick ratio of 0.58.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVAGet Rating) last announced its earnings results on Friday, April 29th. The bank reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.09. The business had revenue of $6.71 billion for the quarter, compared to the consensus estimate of $5.81 billion. Banco Bilbao Vizcaya Argentaria had a net margin of 23.15% and a return on equity of 9.94%. As a group, research analysts anticipate that Banco Bilbao Vizcaya Argentaria, S.A. will post 0.84 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. DeDora Capital Inc. purchased a new position in shares of Banco Bilbao Vizcaya Argentaria during the first quarter worth approximately $28,000. CWM LLC raised its stake in shares of Banco Bilbao Vizcaya Argentaria by 249.4% during the first quarter. CWM LLC now owns 5,146 shares of the bank’s stock worth $29,000 after acquiring an additional 3,673 shares in the last quarter. Tcwp LLC purchased a new position in shares of Banco Bilbao Vizcaya Argentaria during the first quarter worth approximately $35,000. Sageworth Trust Co of South Dakota bought a new position in shares of Banco Bilbao Vizcaya Argentaria in the fourth quarter worth approximately $39,000. Finally, Brown Brothers Harriman & Co. grew its holdings in shares of Banco Bilbao Vizcaya Argentaria by 124.8% in the first quarter. Brown Brothers Harriman & Co. now owns 6,859 shares of the bank’s stock worth $39,000 after purchasing an additional 3,808 shares during the last quarter.

Banco Bilbao Vizcaya Argentaria Company Profile

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Banco Bilbao Vizcaya Argentaria, SA, together with its subsidiaries, provides retail banking, wholesale banking, and asset management services. It offers current accounts; and demand, savings, overnight, time, term, and subordinated deposits. The company also provides loan products; deals in securities; and manages pension and investment funds.

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