Zacks Investment Research Downgrades Bankinter SA (OTCMKTS:BKNIY) to Hold
Zacks Investment Research lowered shares of Bankinter SA (OTCMKTS:BKNIY) from a buy rating to a hold rating in a research report released on Tuesday, July 11th.
According to Zacks, “Bankinter is in the financial services industry. They are a banking entity subject to the supervision of the Bank of Spain and the Spanish National Securities Market Commission. Their products range from: Current Accounts, Term Deposits, Investment Funds, Pension Plans, Model Portfolios,Insurance Credit and Debit Cards, Assets (Mortgage and pledged loans) and Deposits of Securities. “
Shares of Bankinter SA (OTCMKTS BKNIY) remained flat at $9.82 during midday trading on Tuesday. Bankinter SA has a 52-week low of $6.38 and a 52-week high of $9.68. The stock has a market capitalization of $8.83 billion, a PE ratio of 17.23 and a beta of 1.44. The firm has a 50-day moving average price of $9.25 and a 200-day moving average price of $8.60.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 11th. Shareholders of record on Monday, July 3rd were given a dividend of $0.054 per share. The ex-dividend date of this dividend was Thursday, June 29th. This represents a $0.22 dividend on an annualized basis and a yield of 2.20%. Bankinter SA’s dividend payout ratio is presently 44.00%.
Bankinter SA Company Profile
Bankinter SA is a Spain-based financial institution (the Bank) primarily engaged in the banking sector. The Bank’s activities are divided into four business segments: Commercial banking, which offers current accounts, fixed-term deposits, investment management and advisory, as well as mortgage loans, among others, to individual customers; Corporate banking, which provides financial services to small and medium-sized companies, corporations and government bodies; Consumer finance, which focuses on personal loans and credit card services through Bankinter Consumer Finance EFC, and Other, which includes online savings accounts, among others.
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