Bankinter SA (OTCMKTS:BKNIY) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of Bankinter SA (OTCMKTS:BKNIY) from a buy rating to a hold rating in a research note issued to investors on Tuesday, July 11th.

According to Zacks, “Bankinter is in the financial services industry. They are a banking entity subject to the supervision of the Bank of Spain and the Spanish National Securities Market Commission. Their products range from: Current Accounts, Term Deposits, Investment Funds, Pension Plans, Model Portfolios,Insurance Credit and Debit Cards, Assets (Mortgage and pledged loans) and Deposits of Securities. “

Shares of Bankinter SA (OTCMKTS:BKNIY) remained flat at $9.82 during trading on Tuesday. The firm has a market capitalization of $8.83 billion, a price-to-earnings ratio of 17.23 and a beta of 1.44. The stock’s 50-day moving average is $9.25 and its 200-day moving average is $8.60. Bankinter SA has a one year low of $6.38 and a one year high of $9.68.

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The company also recently announced a quarterly dividend, which was paid on Tuesday, July 11th. Stockholders of record on Monday, July 3rd were paid a $0.054 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend was Thursday, June 29th. Bankinter SA’s payout ratio is presently 44.00%.

Bankinter SA Company Profile

Bankinter SA is a Spain-based financial institution (the Bank) primarily engaged in the banking sector. The Bank’s activities are divided into four business segments: Commercial banking, which offers current accounts, fixed-term deposits, investment management and advisory, as well as mortgage loans, among others, to individual customers; Corporate banking, which provides financial services to small and medium-sized companies, corporations and government bodies; Consumer finance, which focuses on personal loans and credit card services through Bankinter Consumer Finance EFC, and Other, which includes online savings accounts, among others.

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