Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) Receives Consensus Rating of “Moderate Buy” from Brokerages

Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) has been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company.

A number of research analysts have recently issued reports on the stock. Weiss Ratings cut shares of Banco Bilbao Viscaya Argentaria from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday. Zacks Research cut Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Wall Street Zen downgraded Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a research report on Friday, November 28th. Finally, Morgan Stanley started coverage on Banco Bilbao Viscaya Argentaria in a research note on Tuesday, October 21st. They issued an “equal weight” rating on the stock.

Banco Bilbao Viscaya Argentaria Trading Down 0.8%

BBVA opened at $22.58 on Wednesday. The stock’s 50 day simple moving average is $20.49 and its 200-day simple moving average is $18.14. The stock has a market cap of $131.81 billion, a PE ratio of 11.82, a P/E/G ratio of 1.03 and a beta of 0.83. Banco Bilbao Viscaya Argentaria has a 1 year low of $9.44 and a 1 year high of $22.90.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last posted its quarterly earnings results on Thursday, October 30th. The bank reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. Banco Bilbao Viscaya Argentaria had a net margin of 28.58% and a return on equity of 17.07%. The firm had revenue of $10.59 billion for the quarter, compared to the consensus estimate of $10.47 billion. Equities analysts forecast that Banco Bilbao Viscaya Argentaria will post 1.59 earnings per share for the current fiscal year.

Banco Bilbao Viscaya Argentaria Announces Dividend

The business also recently disclosed a dividend, which was paid on Monday, November 24th. Shareholders of record on Thursday, November 6th were issued a dividend of $0.3736 per share. The ex-dividend date of this dividend was Thursday, November 6th. This represents a yield of 361.0%. Banco Bilbao Viscaya Argentaria’s dividend payout ratio is currently 31.41%.

Hedge Funds Weigh In On Banco Bilbao Viscaya Argentaria

Institutional investors have recently modified their holdings of the stock. Rathbones Group PLC lifted its holdings in shares of Banco Bilbao Viscaya Argentaria by 4.6% during the 2nd quarter. Rathbones Group PLC now owns 70,175 shares of the bank’s stock valued at $1,079,000 after purchasing an additional 3,066 shares in the last quarter. Beck Bode LLC bought a new stake in Banco Bilbao Viscaya Argentaria during the 2nd quarter worth approximately $1,342,000. US Bancorp DE raised its holdings in Banco Bilbao Viscaya Argentaria by 3.3% during the 2nd quarter. US Bancorp DE now owns 781,851 shares of the bank’s stock worth $12,017,000 after buying an additional 25,148 shares during the period. Vestmark Advisory Solutions Inc. bought a new position in Banco Bilbao Viscaya Argentaria in the second quarter valued at approximately $1,773,000. Finally, Atria Investments Inc boosted its holdings in shares of Banco Bilbao Viscaya Argentaria by 23.1% in the second quarter. Atria Investments Inc now owns 153,884 shares of the bank’s stock valued at $2,365,000 after buying an additional 28,886 shares during the period. 2.96% of the stock is owned by institutional investors.

About Banco Bilbao Viscaya Argentaria

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.