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Bankinter (OTCMKTS:BKNIY) Stock Price Passes Above 200-Day Moving Average - Here's Why

Bankinter logo with Finance background

Bankinter, S.A. (OTCMKTS:BKNIY - Get Free Report)'s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $9.09 and traded as high as $11.38. Bankinter shares last traded at $11.35, with a volume of 22,469 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Barclays reiterated an "underweight" rating on shares of Bankinter in a research note on Monday, April 14th. Royal Bank of Canada raised Bankinter to a "moderate buy" rating in a report on Thursday, January 16th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Bankinter in a research report on Thursday, March 6th.

Get Our Latest Report on Bankinter

Bankinter Stock Up 1.7 %

The business's fifty day simple moving average is $10.79 and its two-hundred day simple moving average is $9.17. The company has a market cap of $10.53 billion, a PE ratio of 10.46 and a beta of 0.35. The company has a debt-to-equity ratio of 1.52, a current ratio of 1.04 and a quick ratio of 1.04.

Bankinter (OTCMKTS:BKNIY - Get Free Report) last released its quarterly earnings results on Thursday, January 23rd. The bank reported $0.26 earnings per share for the quarter, topping analysts' consensus estimates of $0.18 by $0.08. Bankinter had a return on equity of 16.74% and a net margin of 18.98%. On average, analysts predict that Bankinter, S.A. will post 1 earnings per share for the current year.

Bankinter Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, April 14th. Stockholders of record on Wednesday, April 2nd were paid a $0.1084 dividend. The ex-dividend date was Wednesday, April 2nd. Bankinter's dividend payout ratio is presently 29.46%.

Bankinter Company Profile

(Get Free Report)

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.

Further Reading

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