Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) have been assigned an average recommendation of “Buy” from the three brokerages that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold recommendation and two have given a strong buy recommendation to the company.

A number of brokerages have issued reports on BBVA. Kepler Capital Markets upgraded Banco Bilbao Vizcaya Argentaria from a “reduce” rating to a “hold” rating in a research note on Thursday, February 27th. Wall Street Zen lowered Banco Bilbao Vizcaya Argentaria from a “buy” rating to a “hold” rating in a research note on Friday, May 30th.

Banco Bilbao Vizcaya Argentaria Price Performance

Shares of Banco Bilbao Vizcaya Argentaria stock opened at $15.06 on Monday. Banco Bilbao Vizcaya Argentaria has a one year low of $9.23 and a one year high of $15.66. The stock’s fifty day moving average is $14.36 and its 200 day moving average is $12.66. The stock has a market cap of $87.90 billion, a P/E ratio of 8.32, a P/E/G ratio of 0.80 and a beta of 1.08. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.27 and a current ratio of 1.01.

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

Banco Bilbao Vizcaya Argentaria Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Friday, April 25th. Shareholders of record on Wednesday, April 9th were paid a $0.4439 dividend. This represents a yield of 4.3%. The ex-dividend date of this dividend was Wednesday, April 9th. This is a positive change from Banco Bilbao Vizcaya Argentaria’s previous semi-annual dividend of $0.11. Banco Bilbao Vizcaya Argentaria’s dividend payout ratio is presently 39.15%.

Institutional Investors Weigh In On Banco Bilbao Vizcaya Argentaria

A number of institutional investors have recently bought and sold shares of the business. Acadian Asset Management LLC grew its position in shares of Banco Bilbao Vizcaya Argentaria by 889.4% during the first quarter. Acadian Asset Management LLC now owns 101,455 shares of the bank’s stock valued at $1,381,000 after purchasing an additional 91,201 shares in the last quarter. Geneos Wealth Management Inc. grew its position in shares of Banco Bilbao Vizcaya Argentaria by 290.6% during the first quarter. Geneos Wealth Management Inc. now owns 6,644 shares of the bank’s stock valued at $90,000 after purchasing an additional 4,943 shares in the last quarter. Focus Partners Wealth grew its position in shares of Banco Bilbao Vizcaya Argentaria by 4.3% during the first quarter. Focus Partners Wealth now owns 17,923 shares of the bank’s stock valued at $244,000 after purchasing an additional 732 shares in the last quarter. Jane Street Group LLC grew its position in shares of Banco Bilbao Vizcaya Argentaria by 104.6% during the first quarter. Jane Street Group LLC now owns 181,639 shares of the bank’s stock valued at $2,474,000 after purchasing an additional 92,843 shares in the last quarter. Finally, Ascent Group LLC grew its position in shares of Banco Bilbao Vizcaya Argentaria by 55.5% during the first quarter. Ascent Group LLC now owns 34,333 shares of the bank’s stock valued at $468,000 after purchasing an additional 12,253 shares in the last quarter. Hedge funds and other institutional investors own 2.96% of the company’s stock.

Banco Bilbao Vizcaya Argentaria Company Profile

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.