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

Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) gapped down prior to trading 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 traded.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on BBVA shares. Barclays downgraded shares of Banco Bilbao Vizcaya Argentaria from an “overweight” rating to an “equal weight” rating in a research note on Monday, March 25th. BNP Paribas downgraded shares of Banco Bilbao Vizcaya Argentaria from a “neutral” rating to an “underperform” rating in a research report on Wednesday, June 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Banco Bilbao Vizcaya Argentaria presently has a consensus rating of “Hold”.

Banco Bilbao Vizcaya Argentaria Price Performance

The stock’s fifty day simple moving average is $10.65 and its 200-day simple moving average is $10.21. The company has a market capitalization of $58.10 billion, a P/E ratio of 6.63, a PEG ratio of 0.84 and a beta of 1.31.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last released its quarterly earnings results on Monday, April 29th. The bank reported $0.40 earnings per share (EPS) 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 company had revenue of $8.92 billion during the quarter. On average, research analysts predict that Banco Bilbao Vizcaya Argentaria, S.A. will post 1.59 earnings per share for the current year.

Institutional Investors Weigh In On Banco Bilbao Vizcaya Argentaria

Several hedge funds have recently made changes to their positions in BBVA. Benjamin F. Edwards & Company Inc. acquired a new position in Banco Bilbao Vizcaya Argentaria in the fourth quarter worth about $28,000. Spire Wealth Management raised its position in Banco Bilbao Vizcaya Argentaria by 237.7% in the fourth quarter. Spire Wealth Management now owns 4,120 shares of the bank’s stock worth $36,000 after purchasing an additional 2,900 shares in the last quarter. Russell Investments Group Ltd. raised its position in Banco Bilbao Vizcaya Argentaria by 139.8% in the fourth quarter. Russell Investments Group Ltd. now owns 3,906 shares of the bank’s stock worth $36,000 after purchasing an additional 2,277 shares in the last quarter. GAMMA Investing LLC acquired a new position in Banco Bilbao Vizcaya Argentaria in the fourth quarter worth about $44,000. Finally, Financial Management Professionals Inc. raised its position in Banco Bilbao Vizcaya Argentaria by 295.3% in the first quarter. Financial Management Professionals Inc. now owns 4,076 shares of the bank’s stock worth $48,000 after purchasing an additional 3,045 shares in the last quarter. Institutional investors own 2.96% of the company’s stock.

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.