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

Bankinter SA (OTCMKTS:BKNIY)’s stock price gapped down prior to trading on Thursday. The stock had previously closed at $17.50, but opened at $16.27. Bankinter shares last traded at $16.2650, with a volume of 2,514 shares.

Analyst Ratings Changes

Several research firms have recently weighed in on BKNIY. Jefferies Financial Group upgraded shares of Bankinter from a “hold” rating to a “strong-buy” rating in a research report on Monday. Royal Bank Of Canada reiterated an “outperform” rating on shares of Bankinter in a research report on Friday, July 24th. One research 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 company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Bankinter Trading Down 7.1%

The stock has a fifty day moving average of $18.72 and a two-hundred day moving average of $17.68. The company has a market capitalization of $14.62 billion, a PE ratio of 11.14 and a beta of -0.16.

Bankinter (OTCMKTS:BKNIY) last issued its quarterly earnings results on Thursday, October 22nd. The bank reported $0.38 EPS for the quarter, meeting analysts’ consensus estimates of $0.38. Bankinter had a net margin of 24.27% and a return on equity of 18.20%. Equities analysts forecast that Bankinter SA will post 1.52 EPS for the current year.

About Bankinter

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.