Bankinter (OTCMKTS:BKNIY) Hits New 52-Week High – Here’s What Happened

by · The Cerbat Gem

Bankinter SA (OTCMKTS:BKNIY – Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as $16.52 and last traded at $16.52, with a volume of 15842 shares. The stock had previously closed at $16.08.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Zacks Research cut Bankinter from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 23rd. Deutsche Bank Aktiengesellschaft downgraded Bankinter from a “buy” rating to a “hold” rating in a report on Friday, August 8th. Barclays raised Bankinter from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 21st. Finally, The Goldman Sachs Group began coverage on Bankinter in a research report on Wednesday, September 24th. They set a “hold” rating for the company. Six research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold”.

Read Our Latest Report on Bankinter

Bankinter Stock Up 3.2%

The firm has a fifty day moving average of $15.58 and a 200-day moving average of $14.56. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.56. The firm has a market cap of $14.91 billion, a P/E ratio of 13.17 and a beta of -0.18.

Bankinter (OTCMKTS:BKNIY – Get Free Report) last posted its quarterly earnings results on Thursday, October 23rd. The bank reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.01. The firm had revenue of $879.05 million for the quarter, compared to analyst estimates of $887.38 million. Bankinter had a return on equity of 16.76% and a net margin of 21.53%. On average, equities research analysts anticipate that Bankinter SA will post 1 earnings per share for the current year.

Bankinter Dividend Announcement

The company also recently declared a dividend, which will be paid on Friday, December 12th. Shareholders of record on Tuesday, December 2nd will be given a dividend of $0.231 per share. This represents a yield of 279.0%. The ex-dividend date of this dividend is Monday, December 1st. Bankinter’s dividend payout ratio is 36.51%.

Bankinter Company Profile

(Get Free Report)

Bankinter, SA provides various banking products and services to individuals and corporate customers, and small- and medium-sized enterprises in Spain. It offers payroll, pension, business, salary, non-salary, youth salary, current, currency, professional, basic, and management accounts; deposit products; and mortgages and loan products, as well as financing services.

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