Bankinter (OTCMKTS:BKNIY) Shares Cross Above 200-Day Moving Average – Time to Sell?

Bankinter SA (OTCMKTS:BKNIY)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $10.35 and traded as high as $12.89. Bankinter shares last traded at $12.84, with a volume of 31,723 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BKNIY. Barclays reissued an “underweight” rating on shares of Bankinter in a research report on Monday, April 14th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Bankinter in a research report on Thursday, March 6th. UBS Group lowered shares of Bankinter from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 10th. Finally, Kepler Capital Markets lowered shares of Bankinter from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 5th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Bankinter Stock Performance

The stock’s 50-day moving average price is $12.35 and its 200 day moving average price is $10.35. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.04 and a current ratio of 1.04.

Bankinter Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, April 14th. Stockholders of record on Wednesday, April 2nd were given a dividend of $0.1084 per share. The ex-dividend date was Wednesday, April 2nd. Bankinter’s dividend payout ratio (DPR) 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.