Raiffeisen Bank International (OTCMKTS:RAIFY) Stock Price Passes Above Fifty Day Moving Average – Time to Sell?

Shares of Raiffeisen Bank International AG (OTCMKTS:RAIFY) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $6.56 and traded as high as $7.36. Raiffeisen Bank International shares last traded at $7.19, with a volume of 2,482 shares.

Wall Street Analysts Forecast Growth

Separately, Barclays raised Raiffeisen Bank International to a “strong-buy” rating in a research report on Monday, February 10th.

Raiffeisen Bank International Price Performance

The business’s 50 day moving average price is $6.57 and its 200 day moving average price is $5.74. The stock has a market capitalization of $9.46 billion, a P/E ratio of 3.87 and a beta of 1.30.

Raiffeisen Bank International (OTCMKTS:RAIFY) last posted its earnings results on Tuesday, May 6th. The financial services provider reported $0.54 EPS for the quarter. The business had revenue of $2.39 billion during the quarter. Raiffeisen Bank International had a net margin of 17.21% and a return on equity of 11.16%.

Raiffeisen Bank International Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, April 17th. Shareholders of record on Tuesday, April 1st were issued a $0.2983 dividend. This is an increase from Raiffeisen Bank International’s previous dividend of $0.22. The ex-dividend date was Tuesday, April 1st. Raiffeisen Bank International’s dividend payout ratio is currently 9.68%.

Raiffeisen Bank International Company Profile

Raiffeisen Bank International AG, together with its subsidiaries, offers banking services to corporate, private customers, and institutional customers. The company offers cash management, cross border accounts, electronic banking, payments solutions, sustainable and subsidized financing, leveraged and acquisition financing, project and structured financing, real estate financing, leasing, factoring, trade and export financing, investment banking, investing, hedging, and investor services to its institutional clients and corporate customers in agri food and beverage, automotive, construction and building materials, food and beverage, healthcare and pharmaceuticals, oil and gas, packaging, real estate, retail, technology, telecom, and utilities industries.