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

Key Points

• Bankinter SA reached a new 52-week high of $15.12 during trading, closing at $14.93, marking a significant upswing in stock performance.
• Recent analyst ratings show mixed sentiments, with Barclays maintaining an "underweight" rating while UBS Group and Kepler Capital downgraded from "strong-buy" to "hold."
• The company's recent dividend declaration yields 359.0%, with a payout ratio of 35.83%, reflecting a substantial return to shareholders despite the stock performance fluctuations.

Bankinter SA (OTCMKTS:BKNIY - Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $15.12 and last traded at $14.93, with a volume of 9329 shares. The stock had previously closed at $14.63.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BKNIY. Barclays restated an "underweight" rating on shares of Bankinter in a research report on Monday, April 14th. UBS Group cut shares of Bankinter from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 10th. Finally, Kepler Capital Markets cut shares of Bankinter from a "strong-buy" rating to a "hold" rating in a research report on Thursday, June 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Bankinter presently has an average rating of "Hold".

Bankinter Price Performance

The business's 50 day moving average price is $13.44 and its two-hundred day moving average price is $11.76. The stock has a market cap of $13.42 billion, a P/E ratio of 12.44 and a beta of 0.22. 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 firm also recently declared a dividend, which was paid on Monday, July 7th. Investors of record on Tuesday, July 1st were given a dividend of $0.1056 per share. 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 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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