Banco Bilbao Viscaya Argentaria (NYSE:BBVA) Raised to “Buy” at Wall Street Zen

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Several other brokerages have also commented on BBVA. Royal Bank Of Canada lowered Banco Bilbao Viscaya Argentaria from an “outperform” rating to a “sector perform” rating in a report on Wednesday, January 28th. Weiss Ratings reiterated a “buy (b+)” rating on shares of Banco Bilbao Viscaya Argentaria in a research report on Monday, December 29th. Finally, Zacks Research raised shares of Banco Bilbao Viscaya Argentaria from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Banco Bilbao Viscaya Argentaria has an average rating of “Moderate Buy”.

Banco Bilbao Viscaya Argentaria Price Performance

BBVA stock opened at $23.51 on Friday. The firm has a market capitalization of $135.48 billion, a P/E ratio of 11.93, a price-to-earnings-growth ratio of 0.81 and a beta of 0.80. Banco Bilbao Viscaya Argentaria has a 12 month low of $11.59 and a 12 month high of $26.20. The firm has a 50 day moving average of $23.96 and a 200-day moving average of $21.15. The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 1.32.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last issued its quarterly earnings data on Thursday, February 5th. The bank reported $0.50 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.50. The company had revenue of $11.49 billion for the quarter, compared to the consensus estimate of $10.74 billion. Banco Bilbao Viscaya Argentaria had a return on equity of 17.29% and a net margin of 28.43%. As a group, sell-side analysts predict that Banco Bilbao Viscaya Argentaria will post 1.59 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Banco Bilbao Viscaya Argentaria

Institutional investors have recently made changes to their positions in the business. Basepoint Wealth LLC purchased a new position in Banco Bilbao Viscaya Argentaria in the 4th quarter worth $26,000. Root Financial Partners LLC increased its holdings in shares of Banco Bilbao Viscaya Argentaria by 59.6% in the fourth quarter. Root Financial Partners LLC now owns 1,141 shares of the bank’s stock worth $27,000 after buying an additional 426 shares during the period. Harbour Investments Inc. lifted its stake in shares of Banco Bilbao Viscaya Argentaria by 84.1% in the 4th quarter. Harbour Investments Inc. now owns 1,259 shares of the bank’s stock valued at $29,000 after acquiring an additional 575 shares during the last quarter. TD Waterhouse Canada Inc. boosted its stake in shares of Banco Bilbao Viscaya Argentaria by 50.9% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,304 shares of the bank’s stock valued at $30,000 after purchasing an additional 440 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Banco Bilbao Viscaya Argentaria in the fourth quarter worth approximately $31,000. Hedge funds and other institutional investors own 2.96% of the company’s stock.

Banco Bilbao Viscaya Argentaria Company Profile

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) is a Spanish multinational financial services group headquartered in Bilbao, Spain. The bank traces its roots to several historic regional banks and was formed through a series of mergers that consolidated its position as one of Spain’s largest banking groups. BBVA operates as a universal bank offering a broad range of financial services to retail, corporate and institutional clients.

BBVA’s core businesses include retail and commercial banking, corporate and investment banking, private banking and wealth management, asset management, and insurance.