Bankinter (OTCMKTS:BKNIY) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Shares of Bankinter, S.A. (OTCMKTS:BKNIY) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.32 and traded as high as $8.73. Bankinter shares last traded at $8.27, with a volume of 39,687 shares traded.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods downgraded Bankinter from a “hold” rating to a “moderate sell” rating in a research note on Friday, November 22nd.

Bankinter Trading Up 2.7 %

The firm has a market capitalization of $7.43 billion, a PE ratio of 8.44 and a beta of 0.80. The business has a 50 day moving average price of $7.95 and a 200-day moving average price of $8.32.

Bankinter Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, December 12th. Investors of record on Tuesday, December 3rd were issued a $0.2514 dividend. The ex-dividend date was Tuesday, December 3rd. This is a boost from Bankinter’s previous dividend of $0.10. Bankinter’s dividend payout ratio is currently 102.04%.

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.