Bankinter (OTCMKTS:BKNIY) Downgraded by UBS Group to Hold

UBS Group downgraded shares of Bankinter (OTCMKTS:BKNIY - Free Report) from a strong-buy rating to a hold rating in a report released on Tuesday morning,Zacks.com reports.

A number of other brokerages have also recently weighed in on BKNIY. Kepler Capital Markets cut shares of Bankinter from a "strong-buy" rating to a "hold" rating in a report on Thursday, June 5th. Barclays restated an "underweight" rating on shares of Bankinter in a research note on Monday, April 14th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Bankinter in a research note on Thursday, March 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold".

Bankinter Trading Down 0.9%

Bankinter stock traded down $0.11 during midday trading on Tuesday, reaching $12.76. 39,608 shares of the stock traded hands, compared to its average volume of 60,971. The firm has a market cap of $11.47 billion, a PE ratio of 11.39 and a beta of 0.23. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.52. The company has a 50-day simple moving average of $12.00 and a two-hundred day simple moving average of $10.18. Bankinter has a 12-month low of $7.41 and a 12-month high of $13.48.

Bankinter Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, April 14th. Shareholders of record on Wednesday, April 2nd were issued a dividend of $0.1084 per share. The ex-dividend date of this dividend was Wednesday, April 2nd. Bankinter's dividend payout ratio (DPR) is presently 29.46%.

Bankinter Company Profile

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.