Banco Bilbao Viscaya Argentaria (NYSE:BBVA) Upgraded at Zacks Research

Zacks Research upgraded shares of Banco Bilbao Viscaya Argentaria (NYSE:BBVA – Free Report) from a hold rating to a strong-buy rating in a research report sent to investors on Monday morning,Zacks reports.

BBVA has been the topic of a number of other research reports. Wall Street Zen upgraded shares of Banco Bilbao Viscaya Argentaria from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Banco Bilbao Viscaya Argentaria in a research note on Friday, July 31st. Bank of America lowered shares of Banco Bilbao Viscaya Argentaria from a “buy” rating to a “neutral” rating in a report on Wednesday, July 15th. Finally, Keefe, Bruyette & Woods cut shares of Banco Bilbao Viscaya Argentaria from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Banco Bilbao Viscaya Argentaria has an average rating of “Hold”.

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Banco Bilbao Viscaya Argentaria Stock Performance

Shares of Banco Bilbao Viscaya Argentaria stock opened at $26.23 on Monday. The stock has a market cap of $146.42 billion, a price-to-earnings ratio of 11.92, a P/E/G ratio of 0.72 and a beta of 0.82. Banco Bilbao Viscaya Argentaria has a twelve month low of $17.90 and a twelve month high of $29.64. The company’s fifty day moving average is $28.51 and its 200 day moving average is $25.16. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.77.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA – Get Free Report) last issued its quarterly earnings results on Tuesday, June 30th. The bank reported $0.62 earnings per share for the quarter. The company had revenue of $11.99 billion during the quarter. Banco Bilbao Viscaya Argentaria had a return on equity of 18.05% and a net margin of 27.75%. Sell-side analysts forecast that Banco Bilbao Viscaya Argentaria will post 2.42 EPS for the current year.

Banco Bilbao Viscaya Argentaria Announces Dividend

The firm also recently declared a dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, October 14th will be issued a dividend of $0.4168 per share. This represents a dividend yield of 309.0%. The ex-dividend date is Wednesday, October 14th. Banco Bilbao Viscaya Argentaria’s dividend payout ratio is presently 51.82%.

Institutional Trading of Banco Bilbao Viscaya Argentaria

Several hedge funds have recently modified their holdings of the stock. Whipplewood Advisors LLC bought a new position in Banco Bilbao Viscaya Argentaria during the first quarter worth $27,000. Retirement Wealth Solutions LLC increased its stake in Banco Bilbao Viscaya Argentaria by 53.5% in the third quarter. Retirement Wealth Solutions LLC now owns 1,127 shares of the bank’s stock valued at $31,000 after purchasing an additional 393 shares in the last quarter. Western Wealth Management LLC acquired a new position in shares of Banco Bilbao Viscaya Argentaria during the first quarter valued at about $33,000. FNY Investment Advisers LLC bought a new position in shares of Banco Bilbao Viscaya Argentaria during the 2nd quarter worth about $37,000. Finally, SHP Wealth Management bought a new position in shares of Banco Bilbao Viscaya Argentaria during the 4th quarter worth about $44,000. Institutional investors own 2.96% of the company’s stock.

Banco Bilbao Viscaya Argentaria Company Profile

(Get Free Report)

Banco Bilbao Vizcaya Argentaria, SA (NYSE: BBVA) is a Spanish multinational financial services group headquartered in Bilbao, Spain. The bank provides retail and commercial banking, corporate and investment banking, wealth management, asset management, payments and insurance services to individuals, businesses, institutions and public-sector clients.

BBVA traces its origins to Banco de Bilbao, founded in 1857. The modern group was formed through the merger of Banco Bilbao Vizcaya and Argentaria in 1999.

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