Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Shares Gap Down to $10.84

Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $10.84, but opened at $10.54. Banco Bilbao Vizcaya Argentaria shares last traded at $10.38, with a volume of 154,035 shares changing hands.

Analysts Set New Price Targets

Several equities analysts have issued reports on BBVA shares. Royal Bank of Canada upgraded Banco Bilbao Vizcaya Argentaria to a “moderate buy” rating in a research report on Wednesday, July 31st. BNP Paribas cut Banco Bilbao Vizcaya Argentaria from a “neutral” rating to an “underperform” rating in a report on Wednesday, June 12th. Finally, Citigroup raised shares of Banco Bilbao Vizcaya Argentaria to a “strong-buy” rating in a report on Friday, August 9th. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Banco Bilbao Vizcaya Argentaria Trading Down 4.9 %

The stock has a market cap of $60.19 billion, a price-to-earnings ratio of 7.38, a P/E/G ratio of 1.03 and a beta of 1.30. The firm has a fifty day simple moving average of $10.37 and a 200-day simple moving average of $10.64.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last issued its quarterly earnings results on Thursday, August 1st. The bank reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03. The business had revenue of $9.93 billion for the quarter. Banco Bilbao Vizcaya Argentaria had a return on equity of 16.40% and a net margin of 27.55%. During the same period last year, the company earned $0.36 EPS. On average, equities analysts predict that Banco Bilbao Vizcaya Argentaria, S.A. will post 1.75 earnings per share for the current fiscal year.

Banco Bilbao Vizcaya Argentaria Increases Dividend

The firm also recently declared a Semi-Annual dividend, which will be paid on Friday, October 25th. Stockholders of record on Wednesday, October 9th will be given a dividend of $0.3244 per share. This is a boost from Banco Bilbao Vizcaya Argentaria’s previous Semi-Annual dividend of $0.11. The ex-dividend date is Wednesday, October 9th. This represents a dividend yield of 5.6%. Banco Bilbao Vizcaya Argentaria’s payout ratio is currently 35.37%.

Institutional Trading of Banco Bilbao Vizcaya Argentaria

Several institutional investors and hedge funds have recently made changes to their positions in BBVA. Lazari Capital Management Inc. acquired a new stake in shares of Banco Bilbao Vizcaya Argentaria during the second quarter worth $119,000. Sanctuary Advisors LLC acquired a new position in shares of Banco Bilbao Vizcaya Argentaria during the 2nd quarter worth about $577,000. Clearbridge Investments LLC increased its stake in shares of Banco Bilbao Vizcaya Argentaria by 172.8% in the 2nd quarter. Clearbridge Investments LLC now owns 3,096,738 shares of the bank’s stock valued at $31,060,000 after acquiring an additional 1,961,553 shares during the last quarter. Cetera Investment Advisers raised its position in shares of Banco Bilbao Vizcaya Argentaria by 40.2% in the 2nd quarter. Cetera Investment Advisers now owns 154,015 shares of the bank’s stock valued at $1,545,000 after acquiring an additional 44,131 shares during the period. Finally, Truist Financial Corp boosted its stake in Banco Bilbao Vizcaya Argentaria by 0.4% during the 2nd quarter. Truist Financial Corp now owns 373,859 shares of the bank’s stock worth $3,750,000 after acquiring an additional 1,531 shares during the last quarter. 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.