Banco Bilbao Vizcaya Argentaria SA (BBVA) Receives $9.75 Average Target Price from Brokerages

Shares of Banco Bilbao Vizcaya Argentaria SA (NASDAQ:BBVA) have earned a consensus recommendation of “Hold” from the eleven ratings firms that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $9.75.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research upgraded Banco Bilbao Vizcaya Argentaria SA from a “hold” rating to a “buy” rating and set a $9.75 price target on the stock in a report on Monday, September 18th. ValuEngine downgraded Banco Bilbao Vizcaya Argentaria SA from a “strong-buy” rating to a “buy” rating in a report on Friday, September 1st. Finally, BidaskClub downgraded Banco Bilbao Vizcaya Argentaria SA from a “buy” rating to a “hold” rating in a report on Monday, August 14th.

Shares of Banco Bilbao Vizcaya Argentaria SA (NASDAQ:BBVA) remained flat at $8.73 during midday trading on Friday. The company had a trading volume of 1,477,300 shares. The firm’s 50-day moving average price is $8.78 and its 200 day moving average price is $8.44. Banco Bilbao Vizcaya Argentaria SA has a 12-month low of $6.04 and a 12-month high of $9.35. The firm has a market capitalization of $58.14 billion and a P/E ratio of 12.86.

Banco Bilbao Vizcaya Argentaria SA (NASDAQ:BBVA) last issued its quarterly earnings results on Friday, July 28th. The bank reported $0.18 earnings per share for the quarter, hitting the consensus estimate of $0.18. Banco Bilbao Vizcaya Argentaria SA had a return on equity of 9.26% and a net margin of 17.53%. The firm had revenue of $6.96 billion for the quarter. Analysts predict that Banco Bilbao Vizcaya Argentaria SA will post $0.61 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Monday, October 9th will be issued a $0.1061 dividend. This represents a $0.42 annualized dividend and a dividend yield of 4.86%. This is an increase from Banco Bilbao Vizcaya Argentaria SA’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Thursday, October 5th.

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Several hedge funds and other institutional investors have recently modified their holdings of BBVA. CAPROCK Group Inc. bought a new position in Banco Bilbao Vizcaya Argentaria SA in the second quarter worth approximately $109,000. Proficio Capital Partners LLC grew its stake in Banco Bilbao Vizcaya Argentaria SA by 59.4% in the first quarter. Proficio Capital Partners LLC now owns 13,103 shares of the bank’s stock worth $110,000 after purchasing an additional 4,884 shares in the last quarter. Shelton Capital Management bought a new position in Banco Bilbao Vizcaya Argentaria SA in the second quarter worth approximately $132,000. Gilbert & Cook Inc. bought a new position in Banco Bilbao Vizcaya Argentaria SA in the second quarter worth approximately $134,000. Finally, Johnson Financial Group LLC grew its stake in Banco Bilbao Vizcaya Argentaria SA by 18.1% in the second quarter. Johnson Financial Group LLC now owns 16,802 shares of the bank’s stock worth $140,000 after purchasing an additional 2,577 shares in the last quarter.

Banco Bilbao Vizcaya Argentaria SA Company Profile

Banco Bilbao Vizcaya Argentaria, SA (BBVA) is a diversified financial company engaged in retail banking, wholesale banking, asset management and private banking. Its segments include Banking Activity in Spain, Real Estate Activity in Spain, the United States Turkey, Mexico, South America and Rest of Eurasia.

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