Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Shares Gap Down – Here’s Why

Shares of Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) gapped down prior to trading on Tuesday . The stock had previously closed at $15.54, but opened at $15.01. Banco Bilbao Vizcaya Argentaria shares last traded at $15.06, with a volume of 283,486 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on BBVA shares. Kepler Capital Markets upgraded Banco Bilbao Vizcaya Argentaria from a “reduce” rating to a “hold” rating in a report on Thursday, February 27th. Wall Street Zen lowered shares of Banco Bilbao Vizcaya Argentaria from a “buy” rating to a “hold” rating in a research note on Friday, May 30th. Two investment analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Banco Bilbao Vizcaya Argentaria currently has an average rating of “Buy”.

Banco Bilbao Vizcaya Argentaria Trading Down 2.7%

The company has a debt-to-equity ratio of 1.16, a current ratio of 1.01 and a quick ratio of 0.27. The business’s 50 day simple moving average is $14.44 and its 200 day simple moving average is $12.70. The stock has a market cap of $88.24 billion, a P/E ratio of 8.36, a PEG ratio of 0.80 and a beta of 1.08.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last released its quarterly 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 business had revenue of $10.61 billion for the quarter, compared to analyst estimates of $9.12 billion. On average, analysts expect that Banco Bilbao Vizcaya Argentaria, S.A. will post 1.59 earnings per share for the current fiscal year.

Banco Bilbao Vizcaya Argentaria Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Friday, April 25th. Stockholders of record on Wednesday, April 9th were paid a $0.4439 dividend. This represents a dividend 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 (DPR) is 39.15%.

Hedge Funds Weigh In On Banco Bilbao Vizcaya Argentaria

Several hedge funds have recently added to or reduced their stakes in BBVA. Savant Capital LLC increased its holdings in shares of Banco Bilbao Vizcaya Argentaria by 10.0% in the fourth quarter. Savant Capital LLC now owns 47,217 shares of the bank’s stock worth $459,000 after acquiring an additional 4,302 shares in the last quarter. Strategic Financial Concepts LLC bought a new position in Banco Bilbao Vizcaya Argentaria in the fourth quarter valued at approximately $161,000. Sierra Ocean LLC acquired a new position in shares of Banco Bilbao Vizcaya Argentaria in the fourth quarter valued at approximately $49,000. Sanctuary Advisors LLC increased its position in shares of Banco Bilbao Vizcaya Argentaria by 3.7% during the fourth quarter. Sanctuary Advisors LLC now owns 80,696 shares of the bank’s stock worth $784,000 after acquiring an additional 2,858 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its stake in Banco Bilbao Vizcaya Argentaria by 901.1% in the 4th quarter. Venturi Wealth Management LLC now owns 10,061 shares of the bank’s stock worth $98,000 after purchasing an additional 9,056 shares during the period. Institutional investors and hedge funds own 2.96% of the company’s stock.

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.