RNC Capital Management LLC Purchases 3,880 Shares of Banco Bilbao Viscaya Argentaria S.A. $BBVA

RNC Capital Management LLC increased its position in shares of Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA) by 13.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,799 shares of the bank’s stock after purchasing an additional 3,880 shares during the quarter. RNC Capital Management LLC’s holdings in Banco Bilbao Viscaya Argentaria were worth $504,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Freedom Investment Management Inc. bought a new position in shares of Banco Bilbao Viscaya Argentaria in the second quarter worth about $682,000. Ethic Inc. lifted its holdings in shares of Banco Bilbao Viscaya Argentaria by 8.8% in the second quarter. Ethic Inc. now owns 526,832 shares of the bank’s stock worth $8,045,000 after acquiring an additional 42,760 shares during the last quarter. Cookson Peirce & Co. Inc. bought a new position in shares of Banco Bilbao Viscaya Argentaria in the second quarter worth about $720,000. Wallace Advisory Group LLC lifted its holdings in shares of Banco Bilbao Viscaya Argentaria by 6.9% in the second quarter. Wallace Advisory Group LLC now owns 17,992 shares of the bank’s stock worth $277,000 after acquiring an additional 1,154 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Banco Bilbao Viscaya Argentaria by 56.1% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 79,790 shares of the bank’s stock worth $1,226,000 after acquiring an additional 28,664 shares during the last quarter. Institutional investors own 2.96% of the company’s stock.

Banco Bilbao Viscaya Argentaria Stock Performance

Shares of BBVA stock opened at $19.65 on Thursday. The company has a market cap of $114.69 billion, a price-to-earnings ratio of 10.34, a price-to-earnings-growth ratio of 1.03 and a beta of 1.19. Banco Bilbao Viscaya Argentaria S.A. has a 52 week low of $9.23 and a 52 week high of $20.16. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.18. The firm has a 50 day moving average of $18.86 and a 200-day moving average of $16.31.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last announced its quarterly earnings data on Thursday, July 31st. The bank reported $0.52 EPS for the quarter, topping the consensus estimate of $0.47 by $0.05. The company had revenue of $10.30 billion during the quarter, compared to the consensus estimate of $10.24 billion. Banco Bilbao Viscaya Argentaria had a net margin of 29.17% and a return on equity of 17.61%. On average, equities analysts forecast that Banco Bilbao Viscaya Argentaria S.A. will post 1.59 earnings per share for the current year.

Banco Bilbao Viscaya Argentaria Announces Dividend

The firm also recently declared a dividend, which will be paid on Monday, November 24th. Investors of record on Thursday, November 6th will be given a $0.3736 dividend. The ex-dividend date of this dividend is Thursday, November 6th. This represents a yield of 395.0%. Banco Bilbao Viscaya Argentaria’s dividend payout ratio (DPR) is presently 38.95%.

Analysts Set New Price Targets

A number of research analysts have recently commented on BBVA shares. Morgan Stanley started coverage on shares of Banco Bilbao Viscaya Argentaria in a report on Tuesday. They issued an “equal weight” rating for the company. Wall Street Zen cut shares of Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a report on Sunday. Weiss Ratings reissued a “buy (b)” rating on shares of Banco Bilbao Viscaya Argentaria in a report on Wednesday, October 8th. Finally, Barclays upgraded shares of Banco Bilbao Viscaya Argentaria from an “equal weight” rating to an “overweight” rating in a report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Banco Bilbao Viscaya Argentaria has a consensus rating of “Moderate Buy”.

About Banco Bilbao Viscaya 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.