Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Shares Gap Down to $5.41

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Banco Bilbao Vizcaya Argentaria SA (NYSE:BBVA)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $5.62, but opened at $5.41. Banco Bilbao Vizcaya Argentaria shares last traded at $5.23, with a volume of 1,923,178 shares trading hands.

Several research firms have commented on BBVA. ValuEngine upgraded shares of Banco Bilbao Vizcaya Argentaria from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. HSBC upgraded shares of Banco Bilbao Vizcaya Argentaria from a “hold” rating to a “buy” rating in a report on Thursday, August 22nd. Zacks Investment Research raised shares of Banco Bilbao Vizcaya Argentaria from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Berenberg Bank cut shares of Banco Bilbao Vizcaya Argentaria from a “buy” rating to a “hold” rating in a research report on Thursday, September 26th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Banco Bilbao Vizcaya Argentaria presently has an average rating of “Hold” and an average target price of $6.75.

The stock’s 50-day moving average price is $5.26 and its 200-day moving average price is $5.35. The company has a market cap of $34.84 billion, a P/E ratio of 5.94, a PEG ratio of 3.36 and a beta of 1.05. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.09 and a quick ratio of 1.09.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last announced its earnings results on Thursday, October 31st. The bank reported $0.19 earnings per share (EPS) for the quarter. The company had revenue of $6.82 billion during the quarter, compared to analysts’ expectations of $5.30 billion. Banco Bilbao Vizcaya Argentaria had a net margin of 20.46% and a return on equity of 8.52%. As a group, analysts expect that Banco Bilbao Vizcaya Argentaria SA will post 0.7 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in BBVA. South Texas Money Management Ltd. lifted its position in shares of Banco Bilbao Vizcaya Argentaria by 26.6% in the 2nd quarter. South Texas Money Management Ltd. now owns 12,830 shares of the bank’s stock valued at $71,000 after acquiring an additional 2,697 shares in the last quarter. Boston Private Wealth LLC acquired a new position in shares of Banco Bilbao Vizcaya Argentaria in the second quarter valued at $57,000. Welch Group LLC increased its holdings in shares of Banco Bilbao Vizcaya Argentaria by 51.7% in the second quarter. Welch Group LLC now owns 68,348 shares of the bank’s stock valued at $380,000 after purchasing an additional 23,295 shares during the last quarter. Evolution Wealth Advisors LLC acquired a new position in shares of Banco Bilbao Vizcaya Argentaria in the second quarter valued at $25,000. Finally, YorkBridge Wealth Partners LLC increased its holdings in shares of Banco Bilbao Vizcaya Argentaria by 21.2% in the second quarter. YorkBridge Wealth Partners LLC now owns 60,076 shares of the bank’s stock valued at $334,000 after purchasing an additional 10,528 shares during the last quarter. 3.28% of the stock is owned by institutional investors.

Banco Bilbao Vizcaya Argentaria Company Profile (NYSE:BBVA)

Banco Bilbao Vizcaya Argentaria, SA, together with its subsidiaries, provides retail and wholesale banking, asset management, and private banking services. The company accepts various deposits, such as current and savings accounts, term deposits, subordinated deposits, and other accounts. It also offers loan products; and foreclosed real-estate assets from residential mortgages and developers, as well as lending to developers.

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