Bankinter (OTCMKTS:BKNIY) Stock Gets Downgrade from Zacks Research

Bankinter (OTCMKTS:BKNIY) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Monday, Zacks reports.

A number of other equities analysts have also recently issued reports on BKNIY. Royal Bank Of Canada restated an “outperform” rating on shares of Bankinter in a report on Friday, July 24th. Jefferies Financial Group raised Bankinter from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 19th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Bankinter Stock Up 0.3%

Shares of OTCMKTS:BKNIY opened at $16.64 on Monday. The firm has a market capitalization of $14.95 billion, a PE ratio of 11.16 and a beta of -0.09. The business has a 50 day simple moving average of $17.77 and a two-hundred day simple moving average of $17.23. Bankinter has a 1 year low of $14.74 and a 1 year high of $20.07. The company has a debt-to-equity ratio of 1.54, a current ratio of 1.03 and a quick ratio of 1.03.

Bankinter (OTCMKTS:BKNIY) last issued its quarterly earnings results on Thursday, October 22nd. The bank reported $0.38 earnings per share for the quarter, hitting the consensus estimate of $0.38. Bankinter had a return on equity of 17.89% and a net margin of 24.51%. The firm had revenue of $890.20 million for the quarter, compared to the consensus estimate of $906.80 million. On average, equities analysts predict that Bankinter will post 1.44 EPS for the current year.

About Bankinter

Bankinter is a Spanish banking group headquartered in Madrid. Founded in 1965 as Banco Intercontinental Español, it began as an industrial bank before expanding into commercial banking and other financial services. The company serves individual customers, businesses and institutional clients through retail, corporate and private banking. Its services include deposits, loans, mortgages, payment and investment products, and consumer finance. Bankinter operates primarily in Spain and also serves customers in Portugal and Ireland.