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

Key Points

• Bankinter shares fell 9.6% to $15.82 in thin trading, well below their 50-day and 200-day moving averages of $18.66 and $17.68, respectively.
• Analyst sentiment remains generally positive: Jefferies upgraded the stock to “strong buy,” RBC reiterated “outperform,” and the consensus rating is “Moderate Buy.”
• Bankinter met quarterly EPS expectations at $0.38, though revenue of $890.2 million fell short of the $906.8 million estimate; analysts expect full-year EPS of $1.52.

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

Analyst Ratings Changes

BKNIY has been the topic of a number of recent research reports. Jefferies Financial Group raised Bankinter from a "hold" rating to a "strong-buy" rating in a research report on Monday. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Bankinter in a report on Friday, July 24th. 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, Bankinter currently has a consensus rating of "Moderate Buy".

Bankinter Stock Performance

The business's 50 day moving average price is $18.66 and its 200-day moving average price is $17.68. The company has a market cap of $14.18 billion, a price-to-earnings ratio of 10.81 and a beta of -0.16.

Bankinter (OTCMKTS:BKNIY - Get Free Report) last issued its earnings results on Thursday, October 22nd. The bank reported $0.38 earnings per share for the quarter, meeting the consensus estimate of $0.38. The business had revenue of $890.20 million for the quarter, compared to analyst estimates of $906.80 million. Bankinter had a net margin of 24.27% and a return on equity of 18.20%. On average, equities research analysts expect that Bankinter SA will post 1.52 earnings per share for the current fiscal 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.

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