The Bankers Investment Trust (LON:BNKR) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

The Bankers Investment Trust PLC (LON:BNKRGet Free Report) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 116.29 ($1.50) and traded as low as GBX 113.60 ($1.46). The Bankers Investment Trust shares last traded at GBX 114.47 ($1.47), with a volume of 15,413,216 shares trading hands.

The Bankers Investment Trust Price Performance

The company has a market capitalization of £1.27 billion, a PE ratio of 5.80 and a beta of 0.60. The company has a current ratio of 45.31, a quick ratio of 8.27 and a debt-to-equity ratio of 8.63. The company’s 50 day moving average price is GBX 120.61 and its 200-day moving average price is GBX 116.29.

The Bankers Investment Trust (LON:BNKRGet Free Report) last issued its earnings results on Thursday, January 16th. The bank reported GBX 2.63 ($0.03) earnings per share for the quarter. The Bankers Investment Trust had a return on equity of 15.93% and a net margin of 94.23%.

The Bankers Investment Trust Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, March 25th. Shareholders of record on Thursday, March 20th were given a dividend of GBX 1 ($0.01) per share. This represents a yield of 1.31%. This is a boost from The Bankers Investment Trust’s previous dividend of $0.69. The ex-dividend date was Thursday, March 20th. The Bankers Investment Trust’s payout ratio is 15.20%.

Insider Transactions at The Bankers Investment Trust

In related news, insider Ankush Nandra acquired 10,000 shares of The Bankers Investment Trust stock in a transaction on Monday, March 10th. The shares were bought at an average price of GBX 116 ($1.49) per share, for a total transaction of £11,600 ($14,934.98). Company insiders own 3.24% of the company’s stock.

About The Bankers Investment Trust

(Get Free Report)

Over the long term, the Company aims to achieve capital growth in excess of the FTSE World Index and dividend growth greater than inflation, as measured by the UK Consumer Price Index (‘CPI’), by investing in companies listed throughout the world.

Recommended Stories

Receive News & Ratings for The Bankers Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Bankers Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.