Banco Bilbao Vizcaya Argentaria (BBVA) Rating Increased to Buy at HSBC

HSBC upgraded shares of Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) from a hold rating to a buy rating in a research report report published on Friday morning. The firm currently has $7.79 target price on the bank’s stock, up from their prior target price of $7.22.

Several other analysts also recently weighed in on BBVA. Santander downgraded Banco Bilbao Vizcaya Argentaria from a buy rating to a hold rating in a research report on Wednesday, January 17th. Zacks Investment Research downgraded Banco Bilbao Vizcaya Argentaria from a buy rating to a hold rating in a research report on Monday, March 26th. Finally, ValuEngine upgraded Banco Bilbao Vizcaya Argentaria from a hold rating to a buy rating in a research report on Wednesday, March 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $8.27.

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NYSE:BBVA opened at $7.96 on Friday. The firm has a market cap of $51,547.93, a PE ratio of 10.90, a P/E/G ratio of 1.01 and a beta of 1.16. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.20. Banco Bilbao Vizcaya Argentaria has a fifty-two week low of $7.22 and a fifty-two week high of $9.54.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last released its earnings results on Thursday, February 1st. The bank reported $0.20 earnings per share for the quarter. The firm had revenue of $7.49 billion during the quarter. Banco Bilbao Vizcaya Argentaria had a return on equity of 8.63% and a net margin of 13.74%. research analysts expect that Banco Bilbao Vizcaya Argentaria will post 0.85 earnings per share for the current year.

The firm also recently disclosed a special dividend, which will be paid on Wednesday, April 25th. Investors of record on Monday, April 9th will be given a dividend of $0.1866 per share. This is an increase from Banco Bilbao Vizcaya Argentaria’s previous special dividend of $0.11. The ex-dividend date is Friday, April 6th. Banco Bilbao Vizcaya Argentaria’s dividend payout ratio is currently 41.10%.

Several hedge funds have recently made changes to their positions in BBVA. Welch Investments LLC bought a new stake in shares of Banco Bilbao Vizcaya Argentaria during the 4th quarter worth $105,000. Trustcore Financial Services LLC bought a new stake in shares of Banco Bilbao Vizcaya Argentaria during the 4th quarter worth $110,000. Premia Global Advisors LLC bought a new stake in shares of Banco Bilbao Vizcaya Argentaria during the 4th quarter worth $129,000. Avestar Capital LLC bought a new stake in shares of Banco Bilbao Vizcaya Argentaria during the 4th quarter worth $141,000. Finally, Acadian Asset Management LLC bought a new stake in shares of Banco Bilbao Vizcaya Argentaria during the 4th quarter worth $147,000. Institutional investors and hedge funds own 3.40% of the company’s stock.

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About Banco Bilbao Vizcaya Argentaria

Banco Bilbao Vizcaya Argentaria, SA, together with its subsidiaries, provides retail and wholesale banking, asset management, and private banking services. The company accepts various deposits, such as current and savings accounts, fixed-term deposits, subordinated deposits, and other accounts. It also offers loan products; and foreclosed real-estate assets from residential mortgages and developers, as well as lending to developers.

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