Banco Bilbao Vizcaya Argentaria, SA (NYSE: BBVA) sees significant increase in overdraft interest
Banco Bilbao Vizcaya Argentaria, SA (NYSE: BBVA) was the target of a sharp increase in short interest in June. As of June 15, there was short interest totaling 1,120,000 shares, an increase of 33.6% from the total of 838,500 shares as of May 31. Based on an average trading volume of 2,290,000 shares, the day-to-coverage ratio is currently 0.5 days.
BBVA stock opened at $ 6.26 on Friday. The company has a market cap of $ 41.74 billion, a PE ratio of 10.32 and a beta of 1.45. Banco Bilbao Vizcaya Argentaria has a 12-month minimum of $ 2.49 and a 12-month maximum of $ 6.53. The company has a leverage ratio of 1.13, a current ratio of 0.98, and a quick ratio of 0.98. The company has a 50-day simple moving average of $ 6.13.
Banco Bilbao Vizcaya Argentaria (NYSE: BBVA) last reported its results on Friday, April 30. The bank reported earnings of $ 0.17 per share for the quarter. The company posted sales of $ 6.21 billion in the quarter. Banco Bilbao Vizcaya Argentaria had a net margin of 20.08% and a return on equity of 7.82%. As a group, analysts predict that Banco Bilbao Vizcaya Argentaria will post 0.57 EPS for the current year.
Several large investors have recently bought and sold shares in the company. Sierra Capital LLC purchased a new stake in Banco Bilbao Vizcaya Argentaria shares in the 1st quarter valued at $ 77,000. Advisor Partners LLC increased its stake in the shares of Banco Bilbao Vizcaya Argentaria by 7.1% in the 1st quarter. Advisor Partners LLC now owns 73,943 shares of the bank valued at $ 386,000 after purchasing an additional 4,871 shares in the last quarter. Virtu Financial LLC purchased a new stake in Banco Bilbao Vizcaya Argentaria shares in the 1st quarter valued at $ 396,000. One Wealth Advisors LLC increased its stake in the shares of Banco Bilbao Vizcaya Argentaria by 18.8% in the 1st quarter. One Wealth Advisors LLC now owns 53,358 shares of the bank valued at $ 279,000 after purchasing an additional 8,433 shares in the last quarter. Finally, TownSquare Capital LLC acquired a new equity stake in Banco Bilbao Vizcaya Argentaria in the 1st quarter for an amount of $ 327,000. Hedge funds and other institutional investors hold 2.43% of the company’s shares.
A number of brokerage firms have recently commented on BBVA. The UBS Group reissued a “neutral” rating on Banco Bilbao Vizcaya Argentaria shares in a research report on Wednesday 9 June. Deutsche Bank Aktiengesellschaft reissued a “buy” note on Banco Bilbao Vizcaya Argentaria shares in a research report on Friday May 28. Societe Generale upgraded Banco Bilbao Vizcaya Argentaria from a “keep” note to a “buy” note in a research report published on Wednesday (June 16th). Morgan Stanley reissued an “equal weight” rating on Banco Bilbao Vizcaya Argentaria shares in a research report on Tuesday, May 4. Finally, JPMorgan Chase & Co. reissued an “overweight” rating on Banco Bilbao Vizcaya Argentaria shares in a research report on Thursday, June 17th. Two analysts rated the stock with a sell rating, seven assigned a conservation rating and six issued a buy rating for the company’s stock. Banco Bilbao Vizcaya Argentaria currently has an average “Hold” rating and an average price target of $ 5.75.
Banco Bilbao Vizcaya Argentaria Company Profile
Banco Bilbao Vizcaya Argentaria, SA, together with its subsidiaries, provides retail banking, wholesale banking, asset management and private banking services. It offers current accounts; and sight, savings, sight, term, term and subordinated deposits. The company also offers loan products; securities transactions; and manages pension funds.
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