Bankinter SA (BKNIY) Downgraded by Zacks Investment Research
Zacks Investment Research cut shares of Bankinter SA (OTCMKTS:BKNIY) from a buy rating to a hold rating in a research report sent to investors on Wednesday.
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. “
Separately, Goldman Sachs Group, Inc. (The) upgraded Bankinter SA from a sell rating to a neutral rating in a research report on Wednesday, September 6th.
Bankinter SA (OTCMKTS BKNIY) opened at 9.26 on Wednesday. The stock has a market capitalization of $8.32 billion, a price-to-earnings ratio of 15.94 and a beta of 1.36. Bankinter SA has a 12-month low of $7.40 and a 12-month high of $9.82. The firm has a 50-day moving average of $9.31 and a 200-day moving average of $9.14.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 10th. Shareholders of record on Monday, October 2nd were given a dividend of $0.059 per share. The ex-dividend date was Friday, September 29th. This is a positive change from Bankinter SA’s previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a yield of 2.55%. Bankinter SA’s dividend payout ratio (DPR) is presently 45.10%.
About Bankinter SA
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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