Bankinter (OTCMKTS:BKNIY) Stock Price Down 6.2% – What’s Next?

Bankinter SA (OTCMKTS:BKNIY) dropped 6.2% during mid-day trading on Thursday. The company traded as low as $17.18 and last traded at $17.18. Approximately 1,675 shares changed hands during trading, a decline of 97% from the average session volume of 57,591 shares. The stock had previously closed at $18.32.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada reiterated an “outperform” rating on shares of Bankinter in a research note on Friday, July 24th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold”.

Bankinter Price Performance

The firm has a market capitalization of $16.03 billion, a price-to-earnings ratio of 12.22 and a beta of -0.18. The business’s 50 day moving average price is $19.08 and its 200-day moving average price is $17.47.

Bankinter (OTCMKTS:BKNIY) last announced its quarterly earnings data on Thursday, July 23rd. The bank reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.03. The firm had revenue of $936.89 million for the quarter, compared to analyst estimates of $909.46 million. Bankinter had a return on equity of 18.20% and a net margin of 24.27%. As a group, analysts expect that Bankinter SA will post 1.52 earnings per share for the current fiscal year.

Bankinter Company Profile

Bankinter, SA is a Spanish financial services company headquartered in Madrid. Founded in 1965 as Banco Intercontinental Español, a joint venture between Bank of America and Banco de Santander, the bank became an independent listed institution and adopted the Bankinter name in 1990.

The company provides retail and commercial banking services to individuals, businesses and institutions. Its offerings include current and savings accounts, mortgages, consumer and business loans, payment services, investment products, securities brokerage, asset management and private banking.