Banco Bilbao Vizcaya Argentaria SA (BBVA) Shares Gap Down to $8.60

Banco Bilbao Vizcaya Argentaria SA (NASDAQ:BBVA) shares gapped down prior to trading on Friday . The stock had previously closed at $8.91, but opened at $8.60. Banco Bilbao Vizcaya Argentaria SA shares last traded at $8.32, with a volume of 4,632,893 shares changing hands.

A number of analysts have issued reports on BBVA shares. BidaskClub raised Banco Bilbao Vizcaya Argentaria SA from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 8th. Zacks Investment Research raised Banco Bilbao Vizcaya Argentaria SA from a “hold” rating to a “buy” rating and set a $9.75 target price on the stock in a report on Friday, July 21st. Finally, ValuEngine raised Banco Bilbao Vizcaya Argentaria SA from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th. Four investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $9.75.

The firm has a market cap of $55.41 billion and a PE ratio of 12.25. The stock’s 50 day moving average price is $8.69 and its 200-day moving average price is $8.52.

Banco Bilbao Vizcaya Argentaria SA (NASDAQ:BBVA) last announced its earnings results on Friday, October 27th. The bank reported $0.19 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.19. The company had revenue of $7.27 billion for the quarter. Banco Bilbao Vizcaya Argentaria SA had a return on equity of 9.26% and a net margin of 17.53%. On average, equities research analysts forecast that Banco Bilbao Vizcaya Argentaria SA will post $0.61 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 25th. Stockholders of record on Monday, October 9th were paid a dividend of $0.1061 per share. The ex-dividend date was Thursday, October 5th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 5.10%. This is a positive change from Banco Bilbao Vizcaya Argentaria SA’s previous quarterly dividend of $0.08.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. American Assets Investment Management LLC increased its stake in shares of Banco Bilbao Vizcaya Argentaria SA by 12.5% during the third quarter. American Assets Investment Management LLC now owns 280,383 shares of the bank’s stock worth $2,501,000 after purchasing an additional 31,181 shares during the period. Crossmark Global Holdings Inc. bought a new position in shares of Banco Bilbao Vizcaya Argentaria SA during the third quarter worth approximately $5,793,000. Aperio Group LLC increased its stake in shares of Banco Bilbao Vizcaya Argentaria SA by 9.2% during the third quarter. Aperio Group LLC now owns 1,896,541 shares of the bank’s stock worth $16,917,000 after purchasing an additional 159,887 shares during the period. First Trust Advisors LP increased its stake in shares of Banco Bilbao Vizcaya Argentaria SA by 491.9% during the third quarter. First Trust Advisors LP now owns 664,752 shares of the bank’s stock worth $5,930,000 after purchasing an additional 552,450 shares during the period. Finally, Adviser Investments LLC bought a new position in shares of Banco Bilbao Vizcaya Argentaria SA during the third quarter worth approximately $274,000.

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About Banco Bilbao Vizcaya Argentaria SA

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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