The Bankers Investment Trust (LON:BNKR) Stock Passes Above 50-Day Moving Average – Here’s What Happened

The Bankers Investment Trust PLC (LON:BNKR)’s share price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 120.45 ($1.53) and traded as high as GBX 122.40 ($1.55). The Bankers Investment Trust shares last traded at GBX 122.20 ($1.55), with a volume of 1,680,260 shares changing hands.

The Bankers Investment Trust Stock Performance

The company has a 50-day simple moving average of GBX 120.45 and a two-hundred day simple moving average of GBX 115.75. The company has a debt-to-equity ratio of 8.63, a quick ratio of 8.27 and a current ratio of 45.31. The firm has a market capitalization of £1.35 billion, a P/E ratio of 6.18 and a beta of 0.60.

The Bankers Investment Trust (LON:BNKR) last posted its quarterly earnings data 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 announced a dividend, which was paid on Tuesday, February 25th. Stockholders of record on Thursday, February 13th were issued a dividend of GBX 1.50 ($0.02) per share. This represents a dividend yield of 1.19%. This is a positive change from The Bankers Investment Trust’s previous dividend of $0.67. The ex-dividend date of this dividend was Thursday, February 13th. The Bankers Investment Trust’s dividend payout ratio (DPR) is presently 15.20%.

Insider Activity

In other The Bankers Investment Trust news, insider Richard West bought 284 shares of the stock in a transaction dated Thursday, December 12th. The stock was purchased at an average cost of GBX 116 ($1.47) per share, for a total transaction of £329.44 ($417.81). Company insiders own 3.24% of the company’s stock.

The Bankers Investment Trust Company Profile

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.