Bankinter (OTCMKTS:BKNIY) Posts Quarterly Earnings Results, Hits Expectations

Bankinter (OTCMKTS:BKNIY) announced its earnings results on Thursday. The bank reported $0.38 EPS for the quarter, meeting the consensus estimate of $0.38, Zacks reports. Bankinter had a net margin of 24.51% and a return on equity of 18.89%. The company had revenue of $890.20 million during the quarter, compared to the consensus estimate of $906.80 million.

Bankinter Stock Down 2.2%

BKNIY traded down $0.35 on Friday, hitting $15.93. The company’s stock had a trading volume of 37,306 shares, compared to its average volume of 31,705. The company’s 50 day simple moving average is $18.59 and its 200-day simple moving average is $17.67. Bankinter has a 12 month low of $14.68 and a 12 month high of $20.07. The firm has a market cap of $14.32 billion, a P/E ratio of 10.69 and a beta of -0.16.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BKNIY. Jefferies Financial Group raised Bankinter from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 19th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Bankinter in a research report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Bankinter presently has a consensus rating of “Moderate Buy”.

About Bankinter

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.