Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Shares Gap Down to $6.85

Posted by on Jun 2nd, 2023

Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA – Get Rating)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $6.85, but opened at $6.65. Banco Bilbao Vizcaya Argentaria shares last traded at $6.62, with a volume of 279,986 shares trading hands.

Analysts Set New Price Targets

A number of research firms have recently weighed in on BBVA. HSBC raised shares of Banco Bilbao Vizcaya Argentaria from a “hold” rating to a “buy” rating in a research report on Friday, April 28th. Barclays began coverage on shares of Banco Bilbao Vizcaya Argentaria in a research report on Friday, May 26th. They set an “equal weight” rating for the company. StockNews.com downgraded shares of Banco Bilbao Vizcaya Argentaria from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 26th. Finally, Keefe, Bruyette & Woods raised shares of Banco Bilbao Vizcaya Argentaria from an “underperform” rating to a “market perform” rating in a research report on Friday, March 31st. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $6.38.

Banco Bilbao Vizcaya Argentaria Stock Up 3.4 %

The company has a market capitalization of $43.05 billion, a PE ratio of 6.07 and a beta of 1.25. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.02 and a current ratio of 1.02. The stock’s 50 day moving average is $7.07 and its 200 day moving average is $6.77.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA – Get Rating) last posted its earnings results on Thursday, April 27th. The bank reported $0.31 earnings per share (EPS) for the quarter. Banco Bilbao Vizcaya Argentaria had a net margin of 26.27% and a return on equity of 14.62%. The business had revenue of $7.46 billion for the quarter. On average, sell-side analysts anticipate that Banco Bilbao Vizcaya Argentaria, S.A. will post 1.3 EPS for the current fiscal year.

Institutional Investors Weigh In On Banco Bilbao Vizcaya Argentaria

A number of large investors have recently modified their holdings of BBVA. Envestnet Asset Management Inc. boosted its stake in shares of Banco Bilbao Vizcaya Argentaria by 165.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 7,373,714 shares of the bank’s stock valued at $19,097,000 after purchasing an additional 4,590,973 shares in the last quarter. Oregon Public Employees Retirement Fund purchased a new position in Banco Bilbao Vizcaya Argentaria during the 1st quarter valued at about $26,563,000. Jane Street Group LLC lifted its position in Banco Bilbao Vizcaya Argentaria by 317.1% during the 2nd quarter. Jane Street Group LLC now owns 4,055,509 shares of the bank’s stock valued at $18,331,000 after acquiring an additional 3,083,261 shares during the period. Dimensional Fund Advisors LP lifted its position in Banco Bilbao Vizcaya Argentaria by 41.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 7,345,111 shares of the bank’s stock valued at $32,686,000 after acquiring an additional 2,148,079 shares during the period. Finally, Optiver Holding B.V. lifted its position in Banco Bilbao Vizcaya Argentaria by 969.3% during the 1st quarter. Optiver Holding B.V. now owns 1,763,567 shares of the bank’s stock valued at $12,433,000 after acquiring an additional 1,598,646 shares during the period. Institutional investors own 2.51% of the company’s stock.

Banco Bilbao Vizcaya Argentaria Company Profile

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Banco Bilbao Vizcaya Argentaria SA engages in the traditional banking businesses of retail banking, asset management, private banking, and wholesale banking. It operates through the following segments: Spain, the United States, Mexico, Turkey, South America, and Rest of Eurasia. The Spain segment includes mainly the banking and insurance business that the group carries out in Spain.

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