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

Shares of Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) gapped up before the market opened 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 Analyst Weigh In

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

Banco Bilbao Vizcaya Argentaria Price Performance

The stock has a market cap of $64.73 billion, a P/E ratio of 7.80, a price-to-earnings-growth ratio of 0.59 and a beta of 1.33. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.24. The company’s fifty day simple moving average is $10.79 and its 200-day simple moving average is $9.47.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last announced its quarterly earnings results on Monday, January 29th. The bank reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.02. Banco Bilbao Vizcaya Argentaria had a net margin of 27.15% and a return on equity of 14.85%. The firm had revenue of $8.01 billion for the quarter. As a group, sell-side analysts forecast 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 announced a semi-annual dividend, which will be paid on Thursday, April 25th. Stockholders of record on Tuesday, April 9th will be issued a $0.1695 dividend. This is a positive change from Banco Bilbao Vizcaya Argentaria’s previous semi-annual dividend of $0.17. The ex-dividend date is Monday, April 8th. This represents a dividend yield of 4.3%. Banco Bilbao Vizcaya Argentaria’s dividend payout ratio is presently 49.64%.

Institutional Investors Weigh In On Banco Bilbao Vizcaya Argentaria

Large investors have recently made changes to their positions in the company. Raymond James & Associates lifted its position in Banco Bilbao Vizcaya Argentaria by 21.4% during the 1st quarter. Raymond James & Associates now owns 733,348 shares of the bank’s stock worth $4,173,000 after buying an additional 129,165 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Banco Bilbao Vizcaya Argentaria by 6.9% during the 1st quarter. Bank of New York Mellon Corp now owns 643,708 shares of the bank’s stock worth $3,664,000 after buying an additional 41,706 shares in the last quarter. American Century Companies Inc. lifted its position in Banco Bilbao Vizcaya Argentaria by 4.0% during the 1st quarter. American Century Companies Inc. now owns 393,935 shares of the bank’s stock valued at $2,241,000 after purchasing an additional 15,070 shares during the period. HighTower Advisors LLC lifted its position in Banco Bilbao Vizcaya Argentaria by 32.6% during the 1st quarter. HighTower Advisors LLC now owns 35,093 shares of the bank’s stock valued at $196,000 after purchasing an additional 8,633 shares during the period. Finally, Private Advisor Group LLC lifted its position in Banco Bilbao Vizcaya Argentaria by 24.6% during the 1st quarter. Private Advisor Group LLC now owns 18,972 shares of the bank’s stock valued at $108,000 after purchasing an additional 3,749 shares during the period. Institutional investors own 2.96% of the company’s stock.

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.