Zacks Investment Research upgraded shares of Banco Bilbao Vizcaya Argentaria SA (NASDAQ:BBVA) from a hold rating to a buy rating in a research report sent to investors on Tuesday morning. The brokerage currently has $9.25 price objective on the bank’s stock.

According to Zacks, “Banco Bilbao Vizcaya is engaged in a wide variety of banking, financial and related activities in Spain. “

A number of other equities analysts have also recently commented on the company. Barclays PLC raised Banco Bilbao Vizcaya Argentaria SA from an equal weight rating to an overweight rating in a research note on Wednesday, March 22nd. Societe Generale assumed coverage on Banco Bilbao Vizcaya Argentaria SA in a research note on Thursday, February 23rd. They issued a sell rating on the stock. JPMorgan Chase & Co. raised Banco Bilbao Vizcaya Argentaria SA from a neutral rating to an overweight rating in a research note on Wednesday, February 15th. Finally, Keefe, Bruyette & Woods cut Banco Bilbao Vizcaya Argentaria SA from a market perform rating to an underperform rating in a research note on Thursday, February 2nd. Three analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $9.25.

Banco Bilbao Vizcaya Argentaria SA (NASDAQ:BBVA) traded up 2.4579% during mid-day trading on Tuesday, reaching $8.2786. 618,475 shares of the company’s stock were exchanged. The stock has a market cap of $54.33 billion and a price-to-earnings ratio of 13.2246. The stock has a 50-day moving average of $7.88 and a 200-day moving average of $7.07. Banco Bilbao Vizcaya Argentaria SA has a one year low of $5.14 and a one year high of $8.70.

Banco Bilbao Vizcaya Argentaria SA (NASDAQ:BBVA) last announced its quarterly earnings results on Thursday, April 27th. The bank reported $0.18 EPS for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.02. The company had revenue of $6.80 billion during the quarter. On average, equities research analysts anticipate that Banco Bilbao Vizcaya Argentaria SA will post $0.61 earnings per share for the current year.

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The firm also recently announced a special dividend, which was paid on Tuesday, May 2nd. Stockholders of record on Tuesday, April 4th were paid a dividend of $0.114 per share. The ex-dividend date was Friday, March 31st. This is a boost from Banco Bilbao Vizcaya Argentaria SA’s previous special dividend of $0.07.

Several institutional investors have recently bought and sold shares of BBVA. Ronald Blue & Co. LLC acquired a new position in Banco Bilbao Vizcaya Argentaria SA during the first quarter valued at about $100,000. Scotia Capital Inc. acquired a new position in Banco Bilbao Vizcaya Argentaria SA during the fourth quarter valued at about $101,000. Lebenthal Asset Management LLC boosted its position in Banco Bilbao Vizcaya Argentaria SA by 34.3% in the fourth quarter. Lebenthal Asset Management LLC now owns 15,665 shares of the bank’s stock valued at $106,000 after buying an additional 3,999 shares during the period. RMB Capital Management LLC acquired a new position in Banco Bilbao Vizcaya Argentaria SA during the fourth quarter valued at about $107,000. Finally, Johnson Financial Group LLC boosted its position in Banco Bilbao Vizcaya Argentaria SA by 10.8% in the first quarter. Johnson Financial Group LLC now owns 14,225 shares of the bank’s stock valued at $108,000 after buying an additional 1,382 shares during the period.

About Banco Bilbao Vizcaya Argentaria SA

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.

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