Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Shares Gap Down to $10.03

Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA)’s share price gapped down before the market opened on Friday . The stock had previously closed at $10.03, but opened at $9.77. Banco Bilbao Vizcaya Argentaria shares last traded at $9.73, with a volume of 48,924 shares changing hands.

Analysts Set New Price Targets

BBVA has been the topic of several recent analyst reports. Barclays cut shares of Banco Bilbao Vizcaya Argentaria from an “overweight” rating to an “equal weight” rating in a research report on Monday, March 25th. BNP Paribas cut shares of Banco Bilbao Vizcaya Argentaria from a “neutral” rating to an “underperform” rating in a research report on Wednesday, June 12th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, Banco Bilbao Vizcaya Argentaria has an average rating of “Hold”.

Banco Bilbao Vizcaya Argentaria Stock Down 2.9 %

The business’s fifty day moving average is $10.65 and its two-hundred day moving average is $10.21. The stock has a market capitalization of $58.10 billion, a PE ratio of 6.63, a price-to-earnings-growth ratio of 0.84 and a beta of 1.31.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last posted its earnings results on Monday, April 29th. The bank reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. Banco Bilbao Vizcaya Argentaria had a net margin of 26.90% and a return on equity of 15.34%. The firm had revenue of $8.92 billion during the quarter. Sell-side analysts expect that Banco Bilbao Vizcaya Argentaria, S.A. will post 1.59 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. purchased a new position in Banco Bilbao Vizcaya Argentaria during the fourth quarter worth $28,000. Russell Investments Group Ltd. boosted its stake in Banco Bilbao Vizcaya Argentaria by 139.8% during the fourth quarter. Russell Investments Group Ltd. now owns 3,906 shares of the bank’s stock worth $36,000 after buying an additional 2,277 shares during the period. Financial Management Professionals Inc. boosted its stake in Banco Bilbao Vizcaya Argentaria by 295.3% during the first quarter. Financial Management Professionals Inc. now owns 4,076 shares of the bank’s stock worth $48,000 after buying an additional 3,045 shares during the period. Spire Wealth Management boosted its stake 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 worth $36,000 after buying an additional 2,900 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in Banco Bilbao Vizcaya Argentaria by 567.5% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 4,646 shares of the bank’s stock worth $55,000 after buying an additional 3,950 shares during the period. 2.96% of the stock is owned by hedge funds and other institutional investors.

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.