Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Hits New 52-Week High – Time to Buy?

Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) reached a new 52-week high on Friday . The company traded as high as $14.34 and last traded at $14.31, with a volume of 351312 shares changing hands. The stock had previously closed at $13.80.

Analysts Set New Price Targets

BBVA has been the subject of a number of recent research reports. Hsbc Global Res raised Banco Bilbao Vizcaya Argentaria from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 31st. Kepler Capital Markets raised Banco Bilbao Vizcaya Argentaria from a “reduce” rating to a “hold” rating in a research note on Thursday, February 27th. Finally, StockNews.com lowered Banco Bilbao Vizcaya Argentaria from a “buy” rating to a “hold” rating in a research note on Saturday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Banco Bilbao Vizcaya Argentaria has a consensus rating of “Moderate Buy”.

Banco Bilbao Vizcaya Argentaria Price Performance

The business has a 50-day simple moving average of $12.08 and a 200 day simple moving average of $10.74. The firm has a market cap of $83.86 billion, a P/E ratio of 7.94, a price-to-earnings-growth ratio of 0.80 and a beta of 1.26. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.27 and a current ratio of 1.01.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last released its quarterly earnings results on Tuesday, February 4th. The bank reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. Banco Bilbao Vizcaya Argentaria had a return on equity of 17.49% and a net margin of 28.10%. On average, analysts anticipate that Banco Bilbao Vizcaya Argentaria, S.A. will post 1.59 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Brooklyn Investment Group grew its holdings in shares of Banco Bilbao Vizcaya Argentaria by 120.7% during the 4th quarter. Brooklyn Investment Group now owns 3,540 shares of the bank’s stock worth $34,000 after acquiring an additional 1,936 shares during the period. Huntington National Bank grew its holdings in shares of Banco Bilbao Vizcaya Argentaria by 96.7% during the 4th quarter. Huntington National Bank now owns 3,616 shares of the bank’s stock worth $35,000 after acquiring an additional 1,778 shares during the period. Barclays PLC purchased a new position in shares of Banco Bilbao Vizcaya Argentaria during the 3rd quarter worth approximately $41,000. Avion Wealth purchased a new position in shares of Banco Bilbao Vizcaya Argentaria during the 4th quarter worth approximately $39,000. Finally, Sierra Ocean LLC purchased a new position in shares of Banco Bilbao Vizcaya Argentaria during the 4th quarter worth approximately $49,000. Hedge funds and other 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.