As of September 5, 2023, Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) has received an average rating of “Hold” from the six brokerages currently covering the stock, according to Bloomberg.com. Among these ratings, four equities research analysts have recommended holding the stock, while two have issued a buy recommendation on the company.
In recent times, several institutional investors have made changes to their holdings in Banco Bilbao Vizcaya Argentaria. For instance, Portside Wealth Group LLC acquired a new position in the bank’s shares during the second quarter worth $143,000. Osaic Holdings Inc. also grew its position in the bank by 27.4% during the same quarter and now owns 172,769 shares valued at $1,327,000 after purchasing an additional 37,151 shares. Furthermore, Teachers Retirement System of The State of Kentucky purchased a new position in Banco Bilbao Vizcaya Argentaria in the second quarter worth $3,050,000. Similarly, Principal Street Partners LLC increased its holding in the company by 15.5% during the second quarter and now owns 12,164 shares valued at $93,000 after acquiring an additional 1,628 shares. Finally, Wells Fargo & Company MN boosted its stake by 61.3% during the second quarter and currently holds 153,933 shares valued at $1,182,000 after acquiring an additional 58,487 shares.
Approximately 2.83% of Banco Bilbao Vizcaya Argentaria’s stock is owned by institutional investors and hedge funds.
Banco Bilbao Vizcaya Argentaria is engaged in providing retail banking services through its subsidiaries worldwide. The company offers various types of accounts such as current accounts and different kinds of deposits including demand deposits and savings accounts. It also provides loans, deals in securities, and offers services such as leasing, factoring, brokerage, and asset management. Additionally, the company manages pension and investment funds.
This information sheds light on the current state of Banco Bilbao Vizcaya Argentaria’s stock rating and investor activity. The average “Hold” rating indicates that there is a neutral sentiment towards the stock among the analyzed brokers. Meanwhile, the presence of both hold and buy recommendations suggests a mixed outlook from analysts. As institutional investors continue to make modifications to their holdings in Banco Bilbao Vizcaya Argentaria, it will be interesting to observe how these developments impact the company’s future performance in the financial market.
Banco Bilbao Vizcaya Argentaria, S.A.
BBVA
Buy
Updated on: 02/12/2023
Financial Health
Healthy
Debt to equity ratio: Strong Buy
Price to earnings ratio: Buy
Price to book ratio: Buy
DCF: Strong Buy
ROE: Neutral
Banco Bilbao Vizcaya Argentaria (BBVA): Evaluating Performance, Financial Health, and Future Projections
In recent months, there has been significant attention on Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) as analysts have weighed in on the stock. StockNews.com, for instance, assumed coverage on shares of BBVA on August 17th and designated it a “buy” rating. Barclays also entered the conversation by assuming coverage on BBVA shares back in May, assigning it an “equal weight” rating.
Starting this week at $7.81, BBVA’s performance in the market warrants deliberation. It is noteworthy that the firm’s 50-day moving average price stands at $7.77 while its 200-day moving average price sits at $7.37. These figures highlight a relatively stable performance over recent months. The overall market cap for BBVA is estimated to be around $46.59 billion, solidifying its position as a substantial player within the industry.
Drawing attention to key financial indicators, we find that BBVA boasts a respectable price-to-earnings (P/E) ratio of 6.51 and a promising price-to-earnings-growth (PEG) ratio of 0.50. These ratios suggest that the stock may be undervalued relative to its growth potential.
Additionally, investors should take note of BBVA’s beta value of 1.32, which indicates the stock’s susceptibility to market fluctuations compared to the benchmark index. These numbers lend insight into how volatile the stock may be in response to broader market trends.
When examining historical metrics over a year-long period, one may observe BBVA’s impressive range between its fifty-two week low of $4.32 and its fifty-two week high of $8.18. This wide variance highlights the fluctuating nature of market dynamics faced by BBVA during this time frame.
Digging deeper into financial health and stability, it is worth noting that Banco Bilbao Vizcaya Argentaria possesses a quick ratio of 1.01, indicating the company’s ability to meet its short-term financial obligations. Furthermore, the current ratio remains at 1.01, which underlines BBVA’s capacity to handle its current liabilities with relative ease.
Moving onto the earnings front, Banco Bilbao Vizcaya Argentaria recently reported its financial results for the quarter ending on July 28th. With an impressive earnings per share (EPS) of $0.36, BBVA exceeded market expectations by $0.02 per share. This demonstrates the bank’s ability to generate favorable profits during this period of analysis.
Furthermore, BBVA recorded a net margin of 26.54%, highlighting its efficient cost management and maximizing profit potential. Combined with a return on equity (ROE) of 14.53%, which illustrates how effectively BBVA utilizes shareholder investments to generate returns, it becomes apparent that the company has displayed sound financial performance.
Meanwhile, during the same period last year, Banco Bilbao Vizcaya Argentaria reported earnings per share of $0.30, thus showcasing growth when compared on a year-over-year basis.
Given these substantial indicators and achievements, equities research analysts have made predictions about BBVA’s future performance. It is expected that Banco Bilbao Vizcaya Argentaria will post approximately $1.42 in earnings per share for the current fiscal year.
As each day passes and new information emerges, it is essential for investors and market observers alike to remain informed about developments within companies such as Banco Bilbao Vizcaya Argentaria. By diligently analyzing key metrics and closely following analyst recommendations, individuals can make more informed decisions regarding their investment strategies in an ever-changing market environment. It is vital to exercise caution and due diligence while navigating through perplexing and bustling market conditions to achieve desired outcomes in long-term wealth management.
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