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CaixaBank (OTCMKTS:CAIXY) Reaches New 12-Month High - Time to Buy?

CaixaBank logo with Finance background

Shares of CaixaBank, S.A. (OTCMKTS:CAIXY - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $2.93 and last traded at $2.88, with a volume of 215761 shares trading hands. The stock had previously closed at $2.81.

Analysts Set New Price Targets

Several brokerages recently weighed in on CAIXY. Citigroup reiterated a "buy" rating on shares of CaixaBank in a research report on Wednesday, May 14th. Deutsche Bank Aktiengesellschaft reissued a "sell" rating on shares of CaixaBank in a report on Thursday. Finally, Keefe, Bruyette & Woods cut shares of CaixaBank from a "moderate buy" rating to a "hold" rating in a report on Monday, February 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold".

Read Our Latest Report on CAIXY

CaixaBank Stock Performance

The business's 50 day moving average price is $2.57 and its 200 day moving average price is $2.21.

CaixaBank Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, May 9th. Investors of record on Tuesday, April 22nd were given a dividend of $0.0631 per share. This is an increase from CaixaBank's previous dividend of $0.03. The ex-dividend date was Tuesday, April 22nd.

About CaixaBank

(Get Free Report)

CaixaBank, SA, together with its subsidiaries, provides various banking products and financial services in Spain and internationally. The company operates through Banking and Insurance, Equity Investments, and BPI segments. It also provides solutions related to security, protection, internationalization, and financing; traditional financial advice, independent advice, and broker services; asset management; liquidity management; capital markets, cash management, project finance, asset finance, and M&A services; and various financial services and solutions to public and private sector institutions, as well as distributes non-life and life risk insurance policies; and private banking services.

Further Reading

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