Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Shares Gap Up to $10.50

Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) gapped up prior to trading on Wednesday . The stock had previously closed at $10.50, but opened at $10.84. Banco Bilbao Vizcaya Argentaria shares last traded at $10.85, with a volume of 717,159 shares.

Wall Street Analysts Forecast Growth

Separately, Barclays downgraded Banco Bilbao Vizcaya Argentaria from an “overweight” rating to an “equal weight” rating in a report on Monday, March 25th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Banco Bilbao Vizcaya Argentaria presently has a consensus rating of “Moderate Buy”.

Banco Bilbao Vizcaya Argentaria Price Performance

The company has a market capitalization of $64.37 billion, a price-to-earnings ratio of 7.76, a P/E/G ratio of 0.55 and a beta of 1.33. The stock has a fifty day simple moving average of $10.84 and a 200-day simple moving average of $9.49. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.03 and a quick ratio of 1.03.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last posted its quarterly earnings data on Monday, January 29th. The bank reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.02. The business had revenue of $8.01 billion during the quarter. Banco Bilbao Vizcaya Argentaria had a return on equity of 14.85% and a net margin of 27.15%. On average, equities research analysts anticipate that Banco Bilbao Vizcaya Argentaria, S.A. will post 1.54 EPS for the current year.

Banco Bilbao Vizcaya Argentaria Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Thursday, April 25th. Investors of record on Tuesday, April 9th will be given a dividend of $0.1695 per share. This represents a dividend yield of 4.3%. This is a boost from Banco Bilbao Vizcaya Argentaria’s previous semi-annual dividend of $0.17. The ex-dividend date of this dividend is Monday, April 8th. Banco Bilbao Vizcaya Argentaria’s payout ratio is presently 49.64%.

Institutional Trading of Banco Bilbao Vizcaya Argentaria

Large investors have recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. acquired a new position in Banco Bilbao Vizcaya Argentaria during the fourth quarter worth $28,000. Spire Wealth Management lifted its stake in shares of Banco Bilbao Vizcaya Argentaria by 237.7% in the 4th quarter. Spire Wealth Management now owns 4,120 shares of the bank’s stock valued at $36,000 after purchasing an additional 2,900 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Banco Bilbao Vizcaya Argentaria by 139.8% in the 4th quarter. Russell Investments Group Ltd. now owns 3,906 shares of the bank’s stock valued at $36,000 after purchasing an additional 2,277 shares during the last quarter. Brown Brothers Harriman & Co. lifted its stake in shares of Banco Bilbao Vizcaya Argentaria by 124.8% in the 1st quarter. Brown Brothers Harriman & Co. now owns 6,859 shares of the bank’s stock valued at $39,000 after purchasing an additional 3,808 shares during the last quarter. Finally, GAMMA Investing LLC acquired a new position in shares of Banco Bilbao Vizcaya Argentaria in the 4th quarter valued at $44,000. 2.96% of the stock is currently owned by hedge funds and other institutional investors.

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.