Bankinter (OTCMKTS:BKNIY) Stock Price Down 6.2% – Here’s Why

Bankinter SA (OTCMKTS:BKNIY)’s share price dropped 6.2% on Thursday. The company traded as low as $17.18 and last traded at $17.18. Approximately 1,675 shares were traded 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 report on Friday, July 24th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Bankinter has a consensus rating of “Hold”.

Bankinter Stock Performance

The company’s fifty day moving average is $19.08 and its two-hundred day moving average is $17.47. The firm has a market cap of $16.03 billion, a price-to-earnings ratio of 12.22 and a beta of -0.18.

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

About Bankinter

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.