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

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

Analyst Upgrades and Downgrades

A number of brokerages have commented on BKNIY. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Bankinter in a report on Thursday, March 6th. Barclays reissued an “underweight” rating on shares of Bankinter in a report on Monday, April 14th.

Bankinter Trading Up 1.9%

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 debt-to-equity ratio of 1.52, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a fifty day moving average price of $11.35 and a 200-day moving average price of $9.58.

Bankinter Cuts Dividend

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

About Bankinter

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.