Bankinter (OTCMKTS:BKNIY) Reaches New 1-Year High - What's Next?

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.

Shares of Bankinter SA (OTCMKTS:BKNIY - Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The company 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.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Kepler Capital Markets downgraded Bankinter from a "strong-buy" rating to a "hold" rating in a research report on Thursday, June 5th. UBS Group downgraded Bankinter from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 10th. Finally, Deutsche Bank Aktiengesellschaft downgraded Bankinter from a "buy" rating to a "hold" rating in a research report on Friday, August 8th. One research analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. Based on data from MarketBeat, Bankinter presently has an average rating of "Hold".

Bankinter Stock Down 1.5%

The business has a fifty day simple moving average of $13.69 and a 200 day simple moving average of $12.06. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.53.

Bankinter Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, July 7th. Investors of record on Tuesday, July 1st were issued a $0.1056 dividend. This represents a dividend 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.