Bankinter (OTCMKTS:BKNIY) Sets New 52-Week High – Time to Buy?

Bankinter, S.A. (OTCMKTS:BKNIY)’s stock price reached a new 52-week high on Friday . The company traded as high as $11.54 and last traded at $9.10, with a volume of 34074 shares. The stock had previously closed at $9.07.

Analyst Ratings Changes

BKNIY has been the topic of several recent research reports. Royal Bank of Canada upgraded Bankinter to a “moderate buy” rating in a research report on Thursday, January 16th. Keefe, Bruyette & Woods downgraded shares of Bankinter from a “hold” rating to a “moderate sell” rating in a report on Friday, November 22nd.

Bankinter Price Performance

The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.52. The company’s fifty day moving average is $8.09 and its two-hundred day moving average is $8.36. The stock has a market cap of $8.18 billion, a price-to-earnings ratio of 8.13 and a beta of 0.80.

Bankinter (OTCMKTS:BKNIY) last issued its quarterly earnings results on Thursday, January 23rd. The bank reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.08. Bankinter had a return on equity of 16.74% and a net margin of 18.98%. As a group, research analysts predict that Bankinter, S.A. will post 0.99 earnings per share for the current year.

Bankinter Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, December 12th. Stockholders of record on Tuesday, December 3rd were paid a dividend of $0.2514 per share. This is an increase from Bankinter’s previous dividend of $0.10. The ex-dividend date of this dividend was Tuesday, December 3rd. Bankinter’s dividend payout ratio is 89.29%.

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.