Bankinter, the Spanish commercial bank headquartered in Madrid, is scheduled to release its quarterly earnings on January 22, 2024, before the market opens. Analysts anticipate the bank will report earnings of $0.35 per share for the quarter, matching its previous quarter’s performance.
In its last earnings announcement on October 23, 2023, Bankinter reported $0.35 earnings per share (EPS), exceeding analysts’ expectations of $0.34. The bank achieved a return on equity of 16.76% and a net margin of 21.53%. Despite the positive EPS, the bank’s revenue of $879.05 million fell short of the consensus estimate of $887.38 million.
Looking ahead, analysts project that Bankinter will maintain its EPS at $1 for both the current and upcoming fiscal years. The stock opened at $16.64 on Thursday, reflecting a 1.5% increase. The bank’s fifty-day simple moving average stands at $16.27, while the 200-day average is $15.34. Additionally, Bankinter has a current ratio of 1.03, a quick ratio of 1.03, and a debt-to-equity ratio of 1.56. Over the past year, the bank’s stock has fluctuated between a low of $8.36 and a high of $17.41.
Analysts’ Ratings and Insights
Several equity analysts have recently revised their ratings on Bankinter. On December 16, 2023, Keefe, Bruyette & Woods upgraded the bank’s stock from a “moderate sell” to a “hold” rating. Following this, Zacks Research elevated Bankinter from a “hold” to a “strong buy” rating on January 1, 2024. Conversely, the Goldman Sachs Group downgraded the stock from a “hold” to a “sell” rating on December 4, 2023. Barclays also adjusted its rating, moving Bankinter from a “strong sell” to a “hold” on October 21, 2023. Overall, one analyst rates the stock as a Strong Buy, five have assigned a Hold rating, and one has issued a Sell rating, leading to an average rating of “Hold” according to MarketBeat.
About Bankinter
Founded in 1965 as Banco Intercontinental Español, Bankinter has evolved into one of Spain’s leading financial institutions, catering to both individual and corporate clients. The bank operates under a universal banking model, which integrates traditional branch services with advanced digital platforms. Its retail banking segment offers a wide range of products, including deposit accounts, consumer loans, mortgages, and credit cards, along with digital banking services aimed at simplifying everyday transactions.
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