Bankinter (OTCMKTS:BKNIY) Announces Earnings Results

Bankinter (OTCMKTS:BKNIY) posted its earnings results on Thursday. The bank reported $0.38 EPS for the quarter, meeting analysts’ consensus estimates of $0.38, Zacks reports. Bankinter had a net margin of 24.27% and a return on equity of 18.20%.

Bankinter Trading Down 7.1%

BKNIY traded down $1.24 during trading hours on Thursday, hitting $16.27. 2,514 shares of the company’s stock were exchanged, compared to its average volume of 56,002. Bankinter has a 12-month low of $14.65 and a 12-month high of $20.07. The firm has a 50 day moving average of $18.72 and a 200 day moving average of $17.68. The firm has a market cap of $14.62 billion, a P/E ratio of 11.14 and a beta of -0.16.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on BKNIY shares. Royal Bank Of Canada restated an “outperform” rating on shares of Bankinter in a report on Friday, July 24th. Jefferies Financial Group upgraded shares of Bankinter from a “hold” rating to a “strong-buy” rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Bankinter Company Profile

Bankinter, SA is a Spanish financial institution headquartered in Madrid. The company provides banking and financial services to individuals, businesses, corporations and institutional clients, with activities spanning retail banking, corporate and investment banking, private banking, asset management and consumer finance.

Its products and services include current and savings accounts, loans and mortgages, credit cards, payment services, investment products, brokerage and wealth-management solutions.