Bankinter (OTCMKTS:BKNIY) Shares Gap Down – What’s Next?

Shares of Bankinter SA (OTCMKTS:BKNIY) gapped down before the market opened on Friday. The stock had previously closed at $18.60, but opened at $17.0925. Bankinter shares last traded at $17.5750, with a volume of 118 shares traded.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Bankinter in a research report on Friday, July 24th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Bankinter presently has an average rating of “Hold”.

Bankinter Stock Performance

The firm’s 50-day moving average price is $19.09 and its two-hundred day moving average price is $17.50. The firm has a market cap of $15.93 billion, a PE ratio of 12.14 and a beta of -0.16.

Bankinter (OTCMKTS:BKNIY) last posted its earnings results on Thursday, July 23rd. The bank reported $0.40 EPS for the quarter, beating 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 firm had revenue of $936.89 million for the quarter, compared to the consensus estimate of $909.46 million. As a group, sell-side analysts predict that Bankinter SA will post 1.52 earnings per share for the current fiscal year.

Bankinter Company Profile

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.