Bankinter (OTCMKTS:BKNIY) Sets New 52-Week High - Here's What Happened

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) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $15.12 and last traded at $14.93, with a volume of 9329 shares traded. The stock had previously closed at $14.63.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BKNIY. Barclays reaffirmed an "underweight" rating on shares of Bankinter in a report on Monday, April 14th. Kepler Capital Markets cut shares of Bankinter from a "strong-buy" rating to a "hold" rating in a research note on Thursday, June 5th. Deutsche Bank Aktiengesellschaft lowered shares of Bankinter from a "buy" rating to a "hold" rating in a research note on Friday. Finally, UBS Group downgraded Bankinter from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 10th. One equities research analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold".

Bankinter Stock Down 1.0%

The business has a fifty day moving average of $13.48 and a 200 day moving average of $11.84. The stock has a market capitalization of $13.30 billion, a price-to-earnings ratio of 12.33 and a beta of 0.22. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.99 and a quick ratio of 0.99.

Bankinter Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, July 7th. Stockholders of record on Tuesday, July 1st were paid 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 payout ratio 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.