Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Sees Large Volume Increase

Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) saw unusually-strong trading volume on Monday . Approximately 654,277 shares traded hands during mid-day trading, a decline of 57% from the previous session’s volume of 1,519,438 shares.The stock last traded at $10.43 and had previously closed at $10.21.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Citigroup raised Banco Bilbao Vizcaya Argentaria to a “strong-buy” rating in a research note on Friday, August 9th. BNP Paribas cut Banco Bilbao Vizcaya Argentaria from a “neutral” rating to an “underperform” rating in a research note on Wednesday, June 12th. Finally, Royal Bank of Canada raised Banco Bilbao Vizcaya Argentaria to a “moderate buy” rating in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Banco Bilbao Vizcaya Argentaria Price Performance

The stock has a market capitalization of $60.89 billion, a PE ratio of 6.95, a PEG ratio of 1.00 and a beta of 1.32. The business has a 50 day moving average price of $10.23 and a 200 day moving average price of $10.57.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last released its quarterly earnings data on Thursday, August 1st. The bank reported $0.51 EPS for the quarter, beating the consensus estimate of $0.48 by $0.03. Banco Bilbao Vizcaya Argentaria had a return on equity of 22.05% and a net margin of 27.55%. The company had revenue of $9.93 billion for the quarter. During the same period last year, the business earned $0.36 earnings per share. On average, equities analysts expect that Banco Bilbao Vizcaya Argentaria, S.A. will post 1.65 earnings per share for the current year.

Institutional Investors Weigh In On Banco Bilbao Vizcaya Argentaria

Several institutional investors have recently modified their holdings of the business. Benjamin F. Edwards & Company Inc. bought a new position in shares of Banco Bilbao Vizcaya Argentaria in the fourth quarter worth about $28,000. Spire Wealth Management raised its stake in shares of Banco Bilbao Vizcaya Argentaria by 237.7% in the fourth quarter. Spire Wealth Management now owns 4,120 shares of the bank’s stock worth $36,000 after buying an additional 2,900 shares during the period. Russell Investments Group Ltd. raised its stake in Banco Bilbao Vizcaya Argentaria by 139.8% during 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 period. Rothschild Investment LLC bought a new stake in Banco Bilbao Vizcaya Argentaria during the 2nd quarter valued at approximately $40,000. Finally, Ashton Thomas Private Wealth LLC bought a new stake in Banco Bilbao Vizcaya Argentaria during the 2nd quarter valued at approximately $43,000. 2.96% of the stock is 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.