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

Bankinter, S.A. (OTCMKTS:BKNIY) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.36 and traded as high as $11.54. Bankinter shares last traded at $9.10, with a volume of 34,074 shares traded.

Analyst Ratings Changes

A number of brokerages have recently issued reports on BKNIY. Keefe, Bruyette & Woods cut shares of Bankinter from a “hold” rating to a “moderate sell” rating in a research report on Friday, November 22nd. Royal Bank of Canada raised shares of Bankinter to a “moderate buy” rating in a report on Thursday, January 16th.

Bankinter Stock Performance

The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a 50 day simple moving average of $8.09 and a 200 day simple moving average of $8.36.

Bankinter (OTCMKTS:BKNIY) last issued its quarterly earnings results on Thursday, January 23rd. The bank reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.08. Bankinter had a return on equity of 15.95% and a net margin of 18.14%. Equities research analysts expect that Bankinter, S.A. will post 1.05 earnings per share for the current fiscal year.

Bankinter Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, December 12th. Shareholders of record on Tuesday, December 3rd were issued a $0.2514 dividend. The ex-dividend date was Tuesday, December 3rd. This is an increase from Bankinter’s previous dividend of $0.10. Bankinter’s dividend payout ratio (DPR) is currently 96.15%.

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.