Banco Bilbao Vizcaya Argentaria SA (NASDAQ:BBVA) Posts Quarterly Earnings Results, Hits Estimates

Banco Bilbao Vizcaya Argentaria SA (NYSE:BBVA) released its quarterly earnings results on Friday, October 27th. The bank reported $0.19 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.19, Morningstar.com reports. Banco Bilbao Vizcaya Argentaria SA had a return on equity of 9.26% and a net margin of 17.53%. The business had revenue of $7.27 billion for the quarter.

Banco Bilbao Vizcaya Argentaria SA (NYSE:BBVA) traded down $0.02 during trading on Friday, reaching $8.33. The company’s stock had a trading volume of 1,767,700 shares, compared to its average volume of 3,151,485. Banco Bilbao Vizcaya Argentaria SA has a fifty-two week low of $6.04 and a fifty-two week high of $9.35.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 25th. Shareholders of record on Monday, October 9th were given a dividend of $0.1061 per share. This represents a $0.42 annualized dividend and a yield of 5.10%. This is a boost from Banco Bilbao Vizcaya Argentaria SA’s previous quarterly dividend of $0.08. The ex-dividend date was Thursday, October 5th. Banco Bilbao Vizcaya Argentaria SA’s payout ratio is presently 48.57%.

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BBVA has been the topic of a number of recent research reports. ValuEngine cut Banco Bilbao Vizcaya Argentaria SA from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 1st. Zacks Investment Research raised Banco Bilbao Vizcaya Argentaria SA from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a research note on Monday, August 28th. Finally, BidaskClub raised Banco Bilbao Vizcaya Argentaria SA from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. Banco Bilbao Vizcaya Argentaria SA currently has an average rating of “Hold” and an average price target of $9.75.

Banco Bilbao Vizcaya Argentaria SA Company Profile

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.

Earnings History for Banco Bilbao Vizcaya Argentaria SA (NYSE:BBVA)

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