Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) Shares Gap Down – Here’s What Happened

Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $10.53, but opened at $10.10. Banco Bilbao Vizcaya Argentaria shares last traded at $10.13, with a volume of 83,875 shares trading hands.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Citigroup raised Banco Bilbao Vizcaya Argentaria to a “strong-buy” rating in a research note on Friday, August 9th. Royal Bank of Canada upgraded Banco Bilbao Vizcaya Argentaria to a “moderate buy” rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, one has assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Banco Bilbao Vizcaya Argentaria currently has an average rating of “Moderate Buy”.

Banco Bilbao Vizcaya Argentaria Stock Performance

The firm has a market capitalization of $58.73 billion, a P/E ratio of 6.84, a P/E/G ratio of 1.03 and a beta of 1.30. The stock’s 50 day simple moving average is $10.30 and its 200 day simple moving average is $10.59.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last announced its quarterly earnings data on Thursday, August 1st. The bank reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.03. Banco Bilbao Vizcaya Argentaria had a return on equity of 16.40% and a net margin of 27.55%. The company had revenue of $9.93 billion for the quarter. During the same period last year, the company earned $0.36 EPS. On average, analysts anticipate that Banco Bilbao Vizcaya Argentaria, S.A. will post 1.75 earnings per share for the current year.

Banco Bilbao Vizcaya Argentaria Increases Dividend

The company also recently disclosed a Semi-Annual dividend, which will be paid on Friday, October 25th. Investors of record on Wednesday, October 9th will be issued a $0.3244 dividend. This is an increase from Banco Bilbao Vizcaya Argentaria’s previous Semi-Annual dividend of $0.11. This represents a dividend yield of 5.6%. The ex-dividend date is Wednesday, October 9th. Banco Bilbao Vizcaya Argentaria’s payout ratio is presently 35.37%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rothschild Investment LLC purchased a new stake in shares of Banco Bilbao Vizcaya Argentaria in the 2nd quarter worth approximately $40,000. Financial Management Professionals Inc. lifted its holdings in Banco Bilbao Vizcaya Argentaria by 295.3% during the first quarter. Financial Management Professionals Inc. now owns 4,076 shares of the bank’s stock worth $48,000 after buying an additional 3,045 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in Banco Bilbao Vizcaya Argentaria during the 2nd quarter valued at $43,000. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Banco Bilbao Vizcaya Argentaria by 567.5% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 4,646 shares of the bank’s stock valued at $55,000 after acquiring an additional 3,950 shares during the period. Finally, Benjamin F. Edwards & Company Inc. raised its position in shares of Banco Bilbao Vizcaya Argentaria by 67.8% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,924 shares of the bank’s stock worth $49,000 after acquiring an additional 1,990 shares in the last quarter. 2.96% of the stock is currently owned by institutional investors.

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.