Bankinter (OTCMKTS:BKNIY) Releases Quarterly Earnings Results, Meets Estimates

Bankinter (OTCMKTS:BKNIY) issued its earnings results on Thursday. The bank reported $0.38 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.38, Zacks reports. Bankinter had a net margin of 24.27% and a return on equity of 18.20%. The business had revenue of $890.20 million during the quarter, compared to analysts’ expectations of $906.80 million.

Bankinter Price Performance

BKNIY stock opened at $16.28 on Friday. The company has a fifty day moving average price of $18.66 and a 200 day moving average price of $17.68. Bankinter has a 12 month low of $14.65 and a 12 month high of $20.07. The company has a market cap of $14.63 billion, a price-to-earnings ratio of 11.99 and a beta of -0.16.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on BKNIY. Jefferies Financial Group upgraded shares of Bankinter from a “hold” rating to a “strong-buy” rating in a research note on Monday. Royal Bank Of Canada reissued an “outperform” rating on shares of Bankinter in a research report on Friday, July 24th. One 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, Bankinter presently has a consensus rating of “Moderate Buy”.

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.