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The Bankers Investment Trust (LON:BNKR) Share Price Passes Above 50 Day Moving Average - Here's What Happened

The Bankers Investment Trust logo with Financial Services background

The Bankers Investment Trust PLC (LON:BNKR - Get Free Report)'s stock price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 120.45 ($1.52) and traded as high as GBX 122.40 ($1.54). The Bankers Investment Trust shares last traded at GBX 122.20 ($1.54), with a volume of 1,680,260 shares trading hands.

The Bankers Investment Trust Stock Performance

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 business's 50 day moving average is GBX 120.76 and its 200 day moving average is GBX 115.88. The stock has a market capitalization of £1.35 billion, a PE ratio of 6.19 and a beta of 0.60.

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

The Bankers Investment Trust Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, February 25th. Investors of record on Thursday, February 13th were issued a GBX 1.50 ($0.02) dividend. This represents a yield of 1.19%. The ex-dividend date was Thursday, February 13th. This is an increase from The Bankers Investment Trust's previous dividend of $0.67. The Bankers Investment Trust's dividend payout ratio is 15.20%.

Insider Buying and Selling at The Bankers Investment Trust

In other news, insider Richard West acquired 284 shares of the firm's stock in a transaction on Thursday, December 12th. The shares were bought at an average price of GBX 116 ($1.46) per share, for a total transaction of £329.44 ($415.28). Company insiders own 3.24% of the company's stock.

The Bankers Investment Trust Company Profile

(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.

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