CaixaBank (OTCMKTS:CAIXY) Hits New 52-Week High – Here’s Why

Shares of CaixaBank, S.A. (OTCMKTS:CAIXY) reached a new 52-week high on Wednesday . The stock traded as high as $2.93 and last traded at $2.88, with a volume of 215761 shares traded. The stock had previously closed at $2.81.

Analyst Ratings Changes

Several research firms recently weighed in on CAIXY. Deutsche Bank Aktiengesellschaft cut CaixaBank from a “hold” rating to a “sell” rating in a research note on Thursday, March 6th. Keefe, Bruyette & Woods cut CaixaBank from a “moderate buy” rating to a “hold” rating in a research note on Monday, February 24th. Finally, Citigroup reiterated a “buy” rating on shares of CaixaBank in a research note on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, CaixaBank has a consensus rating of “Hold”.

CaixaBank Stock Up 2.6%

The stock has a 50 day simple moving average of $2.56 and a two-hundred day simple moving average of $2.20.

CaixaBank Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, May 9th. Shareholders of record on Tuesday, April 22nd were paid a $0.0631 dividend. The ex-dividend date of this dividend was Tuesday, April 22nd. This is a boost from CaixaBank’s previous dividend of $0.03.

CaixaBank Company Profile

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.