Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Reaches New 1-Year High – Still a Buy?

Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $12.89 and last traded at $12.89, with a volume of 20585 shares changing hands. The stock had previously closed at $12.63.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on BBVA shares. StockNews.com raised Banco Bilbao Vizcaya Argentaria from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th. Hsbc Global Res raised Banco Bilbao Vizcaya Argentaria from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, one has given a hold rating, one has assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

Banco Bilbao Vizcaya Argentaria Price Performance

The firm has a 50-day simple moving average of $10.81 and a two-hundred day simple moving average of $10.34. The company has a market capitalization of $74.52 billion, a price-to-earnings ratio of 7.05, a P/E/G ratio of 0.81 and a beta of 1.27. The company has a current ratio of 1.01, a quick ratio of 0.27 and a debt-to-equity ratio of 1.16.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last announced its quarterly earnings results on Tuesday, February 4th. The bank reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.04. Banco Bilbao Vizcaya Argentaria had a return on equity of 17.49% and a net margin of 28.10%. As a group, analysts predict that Banco Bilbao Vizcaya Argentaria, S.A. will post 1.59 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Banco Bilbao Vizcaya Argentaria

A number of institutional investors have recently modified their holdings of BBVA. Brooklyn Investment Group grew its position in shares of Banco Bilbao Vizcaya Argentaria by 120.7% during the 4th quarter. Brooklyn Investment Group now owns 3,540 shares of the bank’s stock valued at $34,000 after acquiring an additional 1,936 shares during the period. Huntington National Bank grew its position in shares of Banco Bilbao Vizcaya Argentaria by 96.7% during the 4th quarter. Huntington National Bank now owns 3,616 shares of the bank’s stock valued at $35,000 after acquiring an additional 1,778 shares during the period. Avion Wealth acquired a new stake in shares of Banco Bilbao Vizcaya Argentaria during the 4th quarter valued at about $39,000. Barclays PLC acquired a new stake in shares of Banco Bilbao Vizcaya Argentaria during the 3rd quarter valued at about $41,000. Finally, Sierra Ocean LLC acquired a new stake in shares of Banco Bilbao Vizcaya Argentaria during the 4th quarter valued at about $49,000. 2.96% of the stock is currently owned by institutional investors and hedge funds.

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.