Bankinter (OTCMKTS:BKNIY) Stock Passes Above 200-Day Moving Average – Here’s Why

Shares of Bankinter SA (OTCMKTS:BKNIY) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $14.07 and traded as high as $15.81. Bankinter shares last traded at $15.6850, with a volume of 20,516 shares traded.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Barclays raised shares of Bankinter from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 21st. Deutsche Bank Aktiengesellschaft lowered Bankinter from a “buy” rating to a “hold” rating in a research report on Friday, August 8th. Zacks Research lowered Bankinter from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 23rd. Finally, The Goldman Sachs Group assumed coverage on Bankinter in a report on Wednesday, September 24th. They issued a “hold” rating on the stock. Six investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Bankinter Stock Up 0.5%

The business has a 50-day simple moving average of $15.35 and a two-hundred day simple moving average of $14.07. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.04 and a current ratio of 1.04.

Bankinter (OTCMKTS:BKNIY) last released its quarterly earnings results on Thursday, October 23rd. The bank reported $0.35 EPS for the quarter, topping the consensus estimate of $0.34 by $0.01. Bankinter had a return on equity of 17.36% and a net margin of 21.53%.The business had revenue of $879.05 million during the quarter, compared to analysts’ expectations of $887.38 million. As a group, research analysts forecast that Bankinter SA will post 1 EPS for the current year.

Bankinter Company Profile

Bankinter, SA provides various banking products and services to individuals and corporate customers, and small- and medium-sized enterprises in Spain. It offers payroll, pension, business, salary, non-salary, youth salary, current, currency, professional, basic, and management accounts; deposit products; and mortgages and loan products, as well as financing services.