Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) Short Interest Update

Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) saw a large increase in short interest in August. As of August 31st, there was short interest totalling 5,710,000 shares, an increase of 9.6% from the August 15th total of 5,210,000 shares. Based on an average daily trading volume, of 1,280,000 shares, the days-to-cover ratio is currently 4.5 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BBVA. Lazari Capital Management Inc. bought a new position in shares of Banco Bilbao Vizcaya Argentaria in the second quarter worth about $119,000. Sanctuary Advisors LLC bought a new position in Banco Bilbao Vizcaya Argentaria in the 2nd quarter worth approximately $577,000. Clearbridge Investments LLC lifted its holdings in Banco Bilbao Vizcaya Argentaria by 172.8% during the 2nd quarter. Clearbridge Investments LLC now owns 3,096,738 shares of the bank’s stock worth $31,060,000 after buying an additional 1,961,553 shares in the last quarter. Cetera Investment Advisers boosted its position in Banco Bilbao Vizcaya Argentaria by 40.2% in the 2nd quarter. Cetera Investment Advisers now owns 154,015 shares of the bank’s stock valued at $1,545,000 after buying an additional 44,131 shares during the last quarter. Finally, Truist Financial Corp increased its stake in shares of Banco Bilbao Vizcaya Argentaria by 0.4% in the 2nd quarter. Truist Financial Corp now owns 373,859 shares of the bank’s stock valued at $3,750,000 after buying an additional 1,531 shares during the period. 2.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

BBVA has been the topic of a number of analyst reports. Royal Bank of Canada raised shares of Banco Bilbao Vizcaya Argentaria to a “moderate buy” rating in a research note on Wednesday, July 31st. BNP Paribas cut Banco Bilbao Vizcaya Argentaria from a “neutral” rating to an “underperform” rating in a report on Wednesday, June 12th. Finally, Citigroup raised Banco Bilbao Vizcaya Argentaria to a “strong-buy” rating in a research note on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Banco Bilbao Vizcaya Argentaria currently has a consensus rating of “Moderate Buy”.

Banco Bilbao Vizcaya Argentaria Stock Performance

Shares of NYSE BBVA traded up $0.07 during mid-day trading on Wednesday, hitting $10.54. 1,412,472 shares of the stock were exchanged, compared to its average volume of 1,501,298. Banco Bilbao Vizcaya Argentaria has a twelve month low of $7.72 and a twelve month high of $12.20. The stock’s fifty day simple moving average is $10.34 and its two-hundred day simple moving average is $10.64. The company has a market cap of $61.53 billion, a P/E ratio of 7.17, a PEG ratio of 0.97 and a beta of 1.30.

Banco Bilbao Vizcaya Argentaria (NYSE:BBVA) last released its quarterly earnings results on Thursday, August 1st. The bank reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. The firm had revenue of $9.93 billion during the quarter. Banco Bilbao Vizcaya Argentaria had a return on equity of 16.40% and a net margin of 27.55%. During the same period in the prior year, the business earned $0.36 earnings per share. As a group, equities research analysts predict that Banco Bilbao Vizcaya Argentaria will post 1.7 earnings per share for the current fiscal year.

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.