Bankinter (OTCMKTS:BKNIY) Shares Gap Down – Time to Sell?

Bankinter SA (OTCMKTS:BKNIY)’s stock price gapped down before the market opened on Thursday. The stock had previously closed at $17.50, but opened at $16.27. Bankinter shares last traded at $16.2650, with a volume of 2,514 shares traded.

Analyst Upgrades and Downgrades

BKNIY has been the subject of several research reports. Jefferies Financial Group upgraded Bankinter from a “hold” rating to a “strong-buy” rating in a report on Monday, October 19th. Royal Bank Of Canada reissued an “outperform” rating on shares of Bankinter in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Bankinter Trading Down 2.2%

The stock has a market capitalization of $14.32 billion, a price-to-earnings ratio of 10.69 and a beta of -0.16. The firm has a 50-day moving average of $18.59 and a 200-day moving average of $17.67.

Bankinter (OTCMKTS:BKNIY) last issued its earnings results on Thursday, October 22nd. The bank reported $0.38 earnings per share for the quarter, meeting the consensus estimate of $0.38. Bankinter had a net margin of 24.51% and a return on equity of 18.89%. The business had revenue of $890.20 million for the quarter, compared to the consensus estimate of $906.80 million. On average, equities research analysts anticipate that Bankinter SA will post 1.52 EPS for the current year.

Bankinter Company Profile

Bankinter, SA is a Spanish financial institution headquartered in Madrid. The company provides banking and financial services to individuals, businesses, corporations and institutional clients, with activities spanning retail banking, corporate and investment banking, private banking, asset management and consumer finance.

Its products and services include current and savings accounts, loans and mortgages, credit cards, payment services, investment products, brokerage and wealth-management solutions.