Banco Bilbao Vizcaya Argentaria (BBVA) Reaches New 52-Week Low at $5.82

Banco Bilbao Vizcaya Argentaria SA (NYSE:BBVA) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $5.82 and last traded at $5.82, with a volume of 277848 shares traded. The stock had previously closed at $6.10.

Several research analysts have recently issued reports on BBVA shares. ValuEngine cut Banco Bilbao Vizcaya Argentaria from a “sell” rating to a “strong sell” rating in a research note on Tuesday, September 4th. UBS Group cut Banco Bilbao Vizcaya Argentaria from a “buy” rating to a “hold” rating in a research note on Tuesday, August 14th. Zacks Investment Research raised Banco Bilbao Vizcaya Argentaria from a “sell” rating to a “hold” rating and set a $8.00 price target for the company in a research note on Tuesday, July 24th. Finally, JPMorgan Chase & Co. cut Banco Bilbao Vizcaya Argentaria from an “overweight” rating to a “neutral” rating in a research note on Tuesday, September 4th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. Banco Bilbao Vizcaya Argentaria has a consensus rating of “Hold” and a consensus price target of $7.90.

The company has a market cap of $41.37 billion, a price-to-earnings ratio of 8.21, a PEG ratio of 0.86 and a beta of 0.88. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 1.20.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last announced its earnings results on Friday, July 27th. The bank reported $0.21 earnings per share for the quarter. Banco Bilbao Vizcaya Argentaria had a return on equity of 7.01% and a net margin of 13.77%. The business had revenue of $7.13 billion during the quarter. Sell-side analysts predict that Banco Bilbao Vizcaya Argentaria SA will post 0.88 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the stock. Fisher Asset Management LLC boosted its stake in Banco Bilbao Vizcaya Argentaria by 3.7% during the second quarter. Fisher Asset Management LLC now owns 43,540,011 shares of the bank’s stock valued at $304,780,000 after buying an additional 1,538,277 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Banco Bilbao Vizcaya Argentaria by 4.7% in the 2nd quarter. Northern Trust Corp now owns 9,403,718 shares of the bank’s stock valued at $65,826,000 after purchasing an additional 420,463 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Banco Bilbao Vizcaya Argentaria by 5.0% in the 2nd quarter. Bank of America Corp DE now owns 8,082,275 shares of the bank’s stock valued at $56,576,000 after purchasing an additional 388,100 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Banco Bilbao Vizcaya Argentaria by 2.3% in the 2nd quarter. BlackRock Inc. now owns 5,683,079 shares of the bank’s stock valued at $39,782,000 after purchasing an additional 127,331 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of Banco Bilbao Vizcaya Argentaria by 1.5% in the 2nd quarter. Wells Fargo & Company MN now owns 3,584,446 shares of the bank’s stock valued at $25,090,000 after purchasing an additional 53,008 shares in the last quarter. 3.13% of the stock is owned by institutional investors and hedge funds.

Banco Bilbao Vizcaya Argentaria Company Profile (NYSE:BBVA)

Banco Bilbao Vizcaya Argentaria, SA, together with its subsidiaries, provides retail and wholesale banking, asset management, and private banking services. The company accepts various deposits, such as current and savings accounts, fixed-term deposits, subordinated deposits, and other accounts. It also offers loan products; and foreclosed real-estate assets from residential mortgages and developers, as well as lending to developers.

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