Bankinter (OTCMKTS:BKNIY) Reaches New 52-Week High – Here’s Why

Bankinter, S.A. (OTCMKTS:BKNIY)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $13.17 and last traded at $12.98, with a volume of 11448 shares traded. The stock had previously closed at $12.73.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BKNIY. Barclays restated an “underweight” rating on shares of Bankinter in a research report on Monday, April 14th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Bankinter in a report on Thursday, March 6th.

Bankinter Stock Up 1.9%

The company has a debt-to-equity ratio of 1.52, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market capitalization of $11.67 billion, a P/E ratio of 11.59 and a beta of 0.21. The company has a 50 day moving average of $11.35 and a 200-day moving average of $9.58.

Bankinter Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, April 14th. Investors of record on Wednesday, April 2nd were paid a $0.1084 dividend. The ex-dividend date of this dividend was Wednesday, April 2nd. Bankinter’s payout ratio is presently 29.46%.

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.