Bankinter (OTCMKTS:BKNIY) Hits New 1-Year High - Here's Why

Key Points

• Bankinter SA recently reached a new 52-week high, trading at $15.42, reflecting increased investor interest.
• Multiple equity research firms, including Kepler Capital Markets and UBS Group, have downgraded their ratings for Bankinter from "strong-buy" to "hold."
• Bankinter's latest dividend yield stood at an impressive 359.0%, while the company's debt-to-equity ratio is reported at 1.53.

Bankinter SA (OTCMKTS:BKNIY - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $15.42 and last traded at $15.25, with a volume of 217768 shares. The stock had previously closed at $15.27.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on BKNIY shares. Kepler Capital Markets lowered shares of Bankinter from a "strong-buy" rating to a "hold" rating in a report on Thursday, June 5th. UBS Group lowered shares of Bankinter from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 10th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Bankinter from a "buy" rating to a "hold" rating in a report on Friday, August 8th. One equities research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold".

Bankinter Price Performance

The firm has a 50 day simple moving average of $13.60 and a 200-day simple moving average of $11.93. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.53. The company has a market cap of $13.71 billion, a PE ratio of 12.71 and a beta of 0.22.

Bankinter Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, July 7th. Shareholders of record on Tuesday, July 1st were issued a $0.1056 dividend. This represents a yield of 359.0%. The ex-dividend date of this dividend was Monday, June 30th. Bankinter's dividend payout ratio (DPR) is currently 35.83%.

Bankinter Company Profile

Bankinter, SA provides various banking products and services to individuals and corporate customers, and small- and medium-sized enterprises in Spain. It offers payroll, pension, business, salary, non-salary, youth salary, current, currency, professional, basic, and management accounts; deposit products; and mortgages and loan products, as well as financing services.

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