Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) Short Interest Down 64.7% in October

Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) saw a large decline in short interest in October. As of October 15th, there was short interest totalling 2,070,000 shares, a decline of 64.7% from the September 30th total of 5,870,000 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 1,460,000 shares, the days-to-cover ratio is currently 1.4 days.

Banco Bilbao Vizcaya Argentaria Stock Down 1.2 %

Shares of BBVA stock traded down $0.12 during trading hours on Friday, reaching $9.70. 855,769 shares of the company’s stock were exchanged, compared to its average volume of 1,471,662. The stock has a market capitalization of $56.63 billion, a P/E ratio of 6.60, a P/E/G ratio of 1.10 and a beta of 1.30. Banco Bilbao Vizcaya Argentaria has a fifty-two week low of $7.76 and a fifty-two week high of $12.20. The business has a fifty day moving average price of $10.34 and a 200-day moving average price of $10.45.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last released its quarterly earnings data on Thursday, August 1st. The bank reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $9.93 billion for the quarter. During the same quarter in the prior year, the firm posted $0.36 earnings per share. As a group, research analysts expect that Banco Bilbao Vizcaya Argentaria will post 1.75 EPS for the current fiscal year.

Banco Bilbao Vizcaya Argentaria Increases Dividend

The firm also recently announced a Semi-Annual dividend, which was paid on Friday, October 25th. Stockholders of record on Wednesday, October 9th were issued a dividend of $0.3244 per share. This represents a dividend yield of 5.6%. The ex-dividend date of this dividend was Wednesday, October 9th. This is a boost from Banco Bilbao Vizcaya Argentaria’s previous Semi-Annual dividend of $0.11. Banco Bilbao Vizcaya Argentaria’s dividend payout ratio is presently 34.69%.

Analysts Set New Price Targets

Several equities analysts have weighed in on BBVA shares. Royal Bank of Canada raised Banco Bilbao Vizcaya Argentaria to a “moderate buy” rating in a research note on Wednesday, July 31st. Citigroup upgraded Banco Bilbao Vizcaya Argentaria to a “strong-buy” rating in a report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Banco Bilbao Vizcaya Argentaria presently has an average rating of “Moderate Buy”.

Institutional Trading of Banco Bilbao Vizcaya Argentaria

Several large investors have recently made changes to their positions in the business. Financial Advocates Investment Management bought a new stake in shares of Banco Bilbao Vizcaya Argentaria during the third quarter worth $141,000. Diversify Wealth Management LLC lifted its stake in shares of Banco Bilbao Vizcaya Argentaria by 10.3% during the third quarter. Diversify Wealth Management LLC now owns 90,869 shares of the bank’s stock valued at $985,000 after acquiring an additional 8,512 shares during the period. Baker Tilly Wealth Management LLC acquired a new position in shares of Banco Bilbao Vizcaya Argentaria during the third quarter valued at $117,000. Mediolanum International Funds Ltd acquired a new position in shares of Banco Bilbao Vizcaya Argentaria during the third quarter valued at $2,297,000. Finally, Ballentine Partners LLC lifted its stake in shares of Banco Bilbao Vizcaya Argentaria by 9.5% during the third quarter. Ballentine Partners LLC now owns 30,589 shares of the bank’s stock valued at $332,000 after acquiring an additional 2,660 shares during the period. Institutional investors own 2.96% of the company’s stock.

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.