Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Shares Gap Down to $10.94

Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) shares gapped down before the market opened on Wednesday . The stock had previously closed at $10.94, but opened at $10.56. Banco Bilbao Vizcaya Argentaria shares last traded at $10.55, with a volume of 261,519 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Royal Bank of Canada raised shares of Banco Bilbao Vizcaya Argentaria to a “moderate buy” rating in a research report on Wednesday. BNP Paribas lowered shares of Banco Bilbao Vizcaya Argentaria from a “neutral” rating to an “underperform” rating in a research report on Wednesday, June 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Banco Bilbao Vizcaya Argentaria Price Performance

The firm has a fifty day simple moving average of $10.43 and a 200 day simple moving average of $10.48. The company has a market cap of $56.60 billion, a price-to-earnings ratio of 6.74, a P/E/G ratio of 1.06 and a beta of 1.32.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last announced its quarterly earnings results on Monday, April 29th. The bank reported $0.40 EPS for the quarter, beating the consensus estimate of $0.35 by $0.05. Banco Bilbao Vizcaya Argentaria had a return on equity of 16.54% and a net margin of 27.55%. The company had revenue of $8.92 billion for the quarter. Analysts expect that Banco Bilbao Vizcaya Argentaria, S.A. will post 1.65 earnings per share for the current year.

Hedge Funds Weigh In On Banco Bilbao Vizcaya Argentaria

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BBVA. Benjamin F. Edwards & Company Inc. acquired a new position in Banco Bilbao Vizcaya Argentaria during the fourth quarter valued at approximately $28,000. Spire Wealth Management grew its holdings in Banco Bilbao Vizcaya Argentaria by 237.7% during the fourth 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. grew its stake in shares of Banco Bilbao Vizcaya Argentaria by 139.8% in the fourth quarter. Russell Investments Group Ltd. now owns 3,906 shares of the bank’s stock worth $36,000 after acquiring an additional 2,277 shares during the last quarter. Rothschild Investment LLC bought a new position in Banco Bilbao Vizcaya Argentaria during the second quarter worth $40,000. Finally, GAMMA Investing LLC bought a new position in Banco Bilbao Vizcaya Argentaria during the fourth quarter worth $44,000. Institutional investors and hedge funds own 2.96% of the company’s stock.

About Banco Bilbao Vizcaya 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.