CaixaBank (OTCMKTS:CAIXY) Hits New 52-Week High – Here’s Why

CaixaBank, S.A. (OTCMKTS:CAIXY)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $2.93 and last traded at $2.88, with a volume of 215761 shares. The stock had previously closed at $2.81.

Analysts Set New Price Targets

Several research firms have issued reports on CAIXY. Keefe, Bruyette & Woods cut CaixaBank from a “moderate buy” rating to a “hold” rating in a research report on Monday, February 24th. Citigroup reiterated a “buy” rating on shares of CaixaBank in a research report on Wednesday, May 14th. Finally, Deutsche Bank Aktiengesellschaft cut CaixaBank from a “hold” rating to a “sell” rating in a research report on Thursday, March 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, CaixaBank has a consensus rating of “Hold”.

CaixaBank Price Performance

The company has a 50-day simple moving average of $2.56 and a 200-day simple moving average of $2.20.

CaixaBank Increases Dividend

The company also recently announced a dividend, which was paid on Friday, May 9th. Shareholders of record on Tuesday, April 22nd were issued a $0.0631 dividend. This is a positive change from CaixaBank’s previous dividend of $0.03. The ex-dividend date of this dividend was Tuesday, April 22nd.

CaixaBank Company Profile

CaixaBank, SA, together with its subsidiaries, provides various banking products and financial services in Spain and internationally. The company operates through Banking and Insurance, Equity Investments, and BPI segments. It also provides solutions related to security, protection, internationalization, and financing; traditional financial advice, independent advice, and broker services; asset management; liquidity management; capital markets, cash management, project finance, asset finance, and M&A services; and various financial services and solutions to public and private sector institutions, as well as distributes non-life and life risk insurance policies; and private banking services.