Bankinter (OTCMKTS:BKNIY) Shares Down 9.6% – Should You Sell?

Bankinter SA (OTCMKTS:BKNIY) shares dropped 9.6% during mid-day trading on Friday. The company traded as low as $15.82 and last traded at $15.82. 637 shares traded hands during mid-day trading, a decline of 99% from the average session volume of 56,214 shares. The stock had previously closed at $17.50.

Analyst Ratings Changes

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

Bankinter Stock Down 3.1%

The company has a market cap of $14.18 billion, a price-to-earnings ratio of 10.81 and a beta of -0.16. The company’s fifty day moving average price is $18.66 and its two-hundred day moving average price is $17.68.

Bankinter (OTCMKTS:BKNIY) last posted its earnings results on Thursday, October 22nd. The bank reported $0.38 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.38. The company had revenue of $890.20 million during the quarter, compared to analysts’ expectations of $906.80 million. Bankinter had a net margin of 24.27% and a return on equity of 18.20%. Research analysts forecast that Bankinter SA will post 1.52 earnings per share for the current year.

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.