Banco Bilbao Vizcaya Argentaria SA (NASDAQ:BBVA) Releases Quarterly Earnings Results, Meets Estimates

Banco Bilbao Vizcaya Argentaria SA (NASDAQ:BBVA) announced its quarterly earnings results on Friday, October 27th. The bank reported $0.19 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.19, Morningstar.com reports. The company had revenue of $7.27 billion during the quarter. Banco Bilbao Vizcaya Argentaria SA had a return on equity of 9.26% and a net margin of 17.53%.

Shares of Banco Bilbao Vizcaya Argentaria SA (BBVA) opened at $8.33 on Friday. Banco Bilbao Vizcaya Argentaria SA has a 1-year low of $6.04 and a 1-year high of $9.35.

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 25th. Investors of record on Monday, October 9th were issued a $0.1061 dividend. This is an increase from Banco Bilbao Vizcaya Argentaria SA’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Thursday, October 5th. This represents a $0.42 annualized dividend and a dividend yield of 5.10%. Banco Bilbao Vizcaya Argentaria SA’s dividend payout ratio (DPR) is 48.57%.

BBVA has been the subject of a number of recent research reports. Zacks Investment Research upgraded Banco Bilbao Vizcaya Argentaria SA from a “hold” rating to a “buy” rating and set a $9.75 target price for the company in a research note on Friday, July 21st. BidaskClub lowered Banco Bilbao Vizcaya Argentaria SA from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Finally, ValuEngine upgraded Banco Bilbao Vizcaya Argentaria SA from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 24th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. Banco Bilbao Vizcaya Argentaria SA currently has a consensus rating of “Hold” and an average price target of $9.75.

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Commerce Bank bought a new stake in shares of Banco Bilbao Vizcaya Argentaria SA in the 3rd quarter worth approximately $105,000. CAPROCK Group Inc. acquired a new stake in Banco Bilbao Vizcaya Argentaria SA in the 2nd quarter valued at approximately $109,000. Shelton Capital Management acquired a new stake in Banco Bilbao Vizcaya Argentaria SA in the 2nd quarter valued at approximately $132,000. Quantbot Technologies LP acquired a new stake in Banco Bilbao Vizcaya Argentaria SA in the 3rd quarter valued at approximately $141,000. Finally, Gilbert & Cook Inc. acquired a new stake in Banco Bilbao Vizcaya Argentaria SA in the 2nd quarter valued at approximately $134,000.

Banco Bilbao Vizcaya Argentaria SA Company Profile

Banco Bilbao Vizcaya Argentaria, SA (BBVA) is a diversified financial company engaged in retail banking, wholesale banking, asset management and private banking. Its segments include Banking Activity in Spain, Real Estate Activity in Spain, the United States Turkey, Mexico, South America and Rest of Eurasia.

Earnings History for Banco Bilbao Vizcaya Argentaria SA (NASDAQ:BBVA)

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