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

Bankinter SA (OTCMKTS:BKNIY) gapped down prior to trading 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 changing hands.

Analyst Upgrades and Downgrades

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

Bankinter Stock Performance

The company has a market capitalization of $15.93 billion, a PE ratio of 12.14 and a beta of -0.16. The company’s 50-day simple moving average is $19.09 and its 200-day simple moving average is $17.50.

Bankinter (OTCMKTS:BKNIY) last announced 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 business had revenue of $936.89 million during the quarter, compared to analysts’ expectations of $909.46 million. Analysts expect that Bankinter SA will post 1.52 EPS for the current 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.