Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Shares Gap Up to $10.50

Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) gapped up prior to trading on Wednesday . The stock had previously closed at $10.50, but opened at $10.84. Banco Bilbao Vizcaya Argentaria shares last traded at $10.85, with a volume of 717,159 shares.

Analyst Ratings Changes

Separately, Barclays downgraded Banco Bilbao Vizcaya Argentaria from an “overweight” rating to an “equal weight” rating in a research note on Monday, March 25th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

Banco Bilbao Vizcaya Argentaria Stock Down 1.6 %

The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.24. The company has a market cap of $64.37 billion, a price-to-earnings ratio of 7.76, a PEG ratio of 0.55 and a beta of 1.33. The business has a 50-day simple moving average of $10.84 and a two-hundred day simple moving average of $9.49.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last issued its quarterly earnings results on Monday, January 29th. The bank reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.02. Banco Bilbao Vizcaya Argentaria had a return on equity of 14.85% and a net margin of 27.15%. The firm had revenue of $8.01 billion for the quarter. As a group, equities analysts forecast that Banco Bilbao Vizcaya Argentaria, S.A. will post 1.54 earnings per share for the current fiscal year.

Banco Bilbao Vizcaya Argentaria Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, April 25th. Stockholders of record on Tuesday, April 9th will be issued a $0.1695 dividend. This is an increase from Banco Bilbao Vizcaya Argentaria’s previous semi-annual dividend of $0.17. This represents a dividend yield of 4.3%. The ex-dividend date of this dividend is Monday, April 8th. Banco Bilbao Vizcaya Argentaria’s payout ratio is presently 49.64%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Norden Group LLC acquired a new position in shares of Banco Bilbao Vizcaya Argentaria in the 1st quarter valued at $979,000. Naviter Wealth LLC lifted its stake in shares of Banco Bilbao Vizcaya Argentaria by 18.3% in the 1st quarter. Naviter Wealth LLC now owns 118,339 shares of the bank’s stock valued at $1,401,000 after purchasing an additional 18,300 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in shares of Banco Bilbao Vizcaya Argentaria in the 1st quarter valued at $133,000. Claro Advisors LLC lifted its stake in shares of Banco Bilbao Vizcaya Argentaria by 36.7% in the 1st quarter. Claro Advisors LLC now owns 33,452 shares of the bank’s stock valued at $396,000 after purchasing an additional 8,987 shares during the period. Finally, Vicus Capital acquired a new position in shares of Banco Bilbao Vizcaya Argentaria in the 1st quarter valued at $131,000. Institutional investors and hedge funds 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.