Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Rating Lowered to Hold at StockNews.com

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Friday.

BBVA has been the topic of several other reports. Kepler Capital Markets raised Banco Bilbao Vizcaya Argentaria from a “reduce” rating to a “hold” rating in a research report on Thursday, February 27th. Hsbc Global Res raised Banco Bilbao Vizcaya Argentaria from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 31st. One 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. Based on data from MarketBeat, Banco Bilbao Vizcaya Argentaria presently has an average rating of “Moderate Buy”.

Banco Bilbao Vizcaya Argentaria Stock Performance

Banco Bilbao Vizcaya Argentaria stock opened at $14.47 on Friday. Banco Bilbao Vizcaya Argentaria has a twelve month low of $9.23 and a twelve month high of $14.84. The company has a market capitalization of $84.47 billion, a P/E ratio of 7.99, a PEG ratio of 0.80 and a beta of 1.05. The stock’s 50 day moving average is $13.71 and its 200 day moving average is $11.71. The company has a quick ratio of 0.27, a current ratio of 1.01 and a debt-to-equity ratio of 1.16.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last announced its quarterly earnings results on Tuesday, April 29th. The bank reported $0.47 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.47. The company had revenue of $10.61 billion for the quarter, compared to analysts’ expectations of $9.12 billion. Banco Bilbao Vizcaya Argentaria had a net margin of 28.10% and a return on equity of 17.49%. On average, equities research analysts predict that Banco Bilbao Vizcaya Argentaria will post 1.59 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Banco Bilbao Vizcaya Argentaria

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Alpine Bank Wealth Management purchased a new stake in Banco Bilbao Vizcaya Argentaria in the first quarter worth about $29,000. Brooklyn Investment Group raised its stake in Banco Bilbao Vizcaya Argentaria by 120.7% during the 4th quarter. Brooklyn Investment Group now owns 3,540 shares of the bank’s stock worth $34,000 after acquiring an additional 1,936 shares during the period. Huntington National Bank lifted its holdings in Banco Bilbao Vizcaya Argentaria by 96.7% during the fourth quarter. Huntington National Bank now owns 3,616 shares of the bank’s stock valued at $35,000 after purchasing an additional 1,778 shares in the last quarter. Private Trust Co. NA boosted its position in shares of Banco Bilbao Vizcaya Argentaria by 224.7% in the first 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. Finally, Avion Wealth purchased a new stake in shares of Banco Bilbao Vizcaya Argentaria in the fourth quarter worth $39,000. 2.96% of the stock is currently owned by hedge funds and other institutional investors.

About Banco Bilbao Vizcaya 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.