Bankinter (OTCMKTS:BKNIY) Hits New 12-Month High – Time to Buy?

Bankinter SA (OTCMKTS:BKNIY) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $16.52 and last traded at $16.52, with a volume of 15842 shares trading hands. The stock had previously closed at $16.08.

Analyst Upgrades and Downgrades

BKNIY has been the subject of a number of recent research reports. 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 shares of Bankinter from a “buy” rating to a “hold” rating in a report on Friday, August 8th. The Goldman Sachs Group initiated coverage on Bankinter in a research note on Wednesday, September 24th. They issued a “hold” rating on the stock. Finally, Zacks Research lowered Bankinter from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 23rd. Six analysts have rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.

Bankinter Trading Up 3.2%

The company has a market capitalization of $14.91 billion, a P/E ratio of 13.17 and a beta of -0.18. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.03 and a quick ratio of 1.03. The business’s 50-day moving average price is $15.58 and its two-hundred day moving average price is $14.56.

Bankinter (OTCMKTS:BKNIY) last issued its quarterly earnings data 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 16.76% and a net margin of 21.53%.The business had revenue of $879.05 million for the quarter, compared to the consensus estimate of $887.38 million. As a group, analysts forecast that Bankinter SA will post 1 EPS for the current fiscal year.

Bankinter Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, December 12th. Investors of record on Tuesday, December 2nd will be given a $0.231 dividend. The ex-dividend date is Monday, December 1st. This represents a dividend yield of 279.0%. Bankinter’s payout ratio is currently 36.51%.

About Bankinter

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.