Banco Bilbao Viscaya Argentaria (NYSE:BBVA) Sets New 12-Month High – Time to Buy?

Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) shares hit a new 52-week high during trading on Friday . The stock traded as high as $19.42 and last traded at $19.26, with a volume of 122660 shares changing hands. The stock had previously closed at $19.08.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on BBVA shares. Wall Street Zen downgraded Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a research note on Saturday, July 12th. Barclays upgraded Banco Bilbao Viscaya Argentaria from an “equal weight” rating to an “overweight” rating in a research note on Thursday, August 7th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Banco Bilbao Viscaya Argentaria in a research report on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy”.

Banco Bilbao Viscaya Argentaria Trading Up 0.8%

The company has a 50 day simple moving average of $18.42 and a two-hundred day simple moving average of $15.87. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market cap of $112.23 billion, a PE ratio of 10.12, a P/E/G ratio of 1.02 and a beta of 1.19.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last released its earnings results on Thursday, July 31st. The bank reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.05. The firm had revenue of $10.30 billion during the quarter, compared to the consensus estimate of $10.24 billion. Banco Bilbao Viscaya Argentaria had a return on equity of 17.61% and a net margin of 29.17%. Analysts expect that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in BBVA. Financial Management Professionals Inc. lifted its position in Banco Bilbao Viscaya Argentaria by 105.9% during the second quarter. Financial Management Professionals Inc. now owns 1,845 shares of the bank’s stock valued at $28,000 after purchasing an additional 949 shares during the period. Alpine Bank Wealth Management acquired a new position in shares of Banco Bilbao Viscaya Argentaria in the 1st quarter valued at about $29,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Banco Bilbao Viscaya Argentaria in the second quarter worth about $30,000. Private Trust Co. NA raised its position in Banco Bilbao Viscaya Argentaria by 224.7% during the first quarter. Private Trust Co. NA now owns 2,607 shares of the bank’s stock valued at $36,000 after acquiring an additional 1,804 shares in the last quarter. Finally, Cullen Frost Bankers Inc. acquired a new position in Banco Bilbao Viscaya Argentaria in the first quarter valued at approximately $46,000. Hedge funds and other institutional investors own 2.96% of the company’s stock.

Banco Bilbao Viscaya Argentaria Company Profile

Banco Bilbao Vizcaya Argentaria, 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.