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

Banco Bilbao Viscaya Argentaria S.A. (NYSE:BBVA)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $26.36 and last traded at $26.2990, with a volume of 101248 shares trading hands. The stock had previously closed at $26.14.

Analyst Ratings Changes

Several brokerages have weighed in on BBVA. Weiss Ratings downgraded Banco Bilbao Viscaya Argentaria from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, May 4th. Barclays downgraded shares of Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 15th. Zacks Research lowered shares of Banco Bilbao Viscaya Argentaria from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 10th. Wall Street Zen cut shares of Banco Bilbao Viscaya Argentaria from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, UBS Group reissued a “neutral” rating on shares of Banco Bilbao Viscaya Argentaria in a research report on Monday, April 20th. One investment analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Banco Bilbao Viscaya Argentaria Stock Performance

The firm’s 50 day simple moving average is $23.05 and its 200 day simple moving average is $23.07. The firm has a market capitalization of $148.98 billion, a price-to-earnings ratio of 12.42, a PEG ratio of 0.64 and a beta of 0.80.

Banco Bilbao Viscaya Argentaria (NYSE:BBVA) last released its quarterly earnings data on Tuesday, March 31st. The bank reported $0.59 earnings per share for the quarter. The firm had revenue of $12.33 billion for the quarter. Banco Bilbao Viscaya Argentaria had a net margin of 28.21% and a return on equity of 17.65%. As a group, sell-side analysts forecast that Banco Bilbao Viscaya Argentaria S.A. will post 2.38 earnings per share for the current year.

Institutional Trading of Banco Bilbao Viscaya Argentaria

A number of hedge funds have recently modified their holdings of BBVA. Basepoint Wealth LLC acquired a new stake in Banco Bilbao Viscaya Argentaria during the fourth quarter worth about $26,000. Root Financial Partners LLC boosted its position in Banco Bilbao Viscaya Argentaria by 59.6% in the 4th quarter. Root Financial Partners LLC now owns 1,141 shares of the bank’s stock worth $27,000 after purchasing an additional 426 shares in the last quarter. Whipplewood Advisors LLC acquired a new stake in shares of Banco Bilbao Viscaya Argentaria during the 1st quarter worth approximately $27,000. Harbour Investments Inc. grew its stake in shares of Banco Bilbao Viscaya Argentaria by 84.1% during the 4th quarter. Harbour Investments Inc. now owns 1,259 shares of the bank’s stock worth $29,000 after purchasing an additional 575 shares during the period. Finally, TD Waterhouse Canada Inc. increased its holdings in shares of Banco Bilbao Viscaya Argentaria by 50.9% during the 4th quarter. TD Waterhouse Canada Inc. now owns 1,304 shares of the bank’s stock valued at $30,000 after purchasing an additional 440 shares in the last quarter. Hedge funds and other institutional investors own 2.96% of the company’s stock.

About Banco Bilbao Viscaya Argentaria

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) is a Spanish multinational financial services group headquartered in Bilbao, Spain. The bank traces its roots to several historic regional banks and was formed through a series of mergers that consolidated its position as one of Spain’s largest banking groups. BBVA operates as a universal bank offering a broad range of financial services to retail, corporate and institutional clients.

BBVA’s core businesses include retail and commercial banking, corporate and investment banking, private banking and wealth management, asset management, and insurance.