Bankinter (OTCMKTS:BKNIY) Hits New 12-Month High – Should You Buy?

Bankinter SA (OTCMKTS:BKNIY)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $16.60 and last traded at $16.48, with a volume of 17065 shares trading hands. The stock had previously closed at $16.43.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on BKNIY shares. Zacks Research cut Bankinter from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 23rd. The Goldman Sachs Group cut shares of Bankinter from a “hold” rating to a “sell” rating in a research report on Thursday, December 4th. Finally, Barclays raised shares of Bankinter from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 21st. Five analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce”.

Bankinter Price Performance

The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.03 and a current ratio of 1.03. The business’s 50-day moving average price is $15.75 and its two-hundred day moving average price is $14.83.

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

Bankinter Dividend Announcement

The company also recently announced a dividend, which was paid on Friday, December 12th. Shareholders of record on Tuesday, December 2nd were issued a dividend of $0.231 per share. This represents a yield of 279.0%. The ex-dividend date of this dividend was Monday, December 1st. Bankinter’s dividend payout ratio (DPR) is currently 37.30%.

About Bankinter

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.