Bankinter (OTCMKTS:BKNIY) Share Price Passes Above 200-Day Moving Average – Here’s Why

Bankinter, S.A. (OTCMKTS:BKNIY) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 changing hands.

Wall Street Analysts Forecast Growth

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

Bankinter Stock Up 2.7 %

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

Bankinter Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, December 12th. Stockholders of record on Tuesday, December 3rd were issued a $0.2514 dividend. This is an increase from Bankinter’s previous dividend of $0.10. The ex-dividend date was Tuesday, December 3rd. Bankinter’s dividend payout ratio is 102.04%.

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.