Erste Group Bank (OTCMKTS:EBKDY) Hits New 12-Month High – Still a Buy?

by · The Markets Daily

Erste Group Bank AG (OTCMKTS:EBKDY – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $68.0190 and last traded at $68.01, with a volume of 15803 shares trading hands. The stock had previously closed at $67.42.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on EBKDY. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Erste Group Bank in a research note on Friday, April 17th. Zacks Research downgraded shares of Erste Group Bank from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Erste Group Bank in a research report on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

View Our Latest Analysis on EBKDY

Erste Group Bank Stock Up 0.7%

The firm has a market capitalization of $52.74 billion, a PE ratio of 13.63, a price-to-earnings-growth ratio of 0.67 and a beta of 0.84. The business has a 50-day moving average price of $60.48 and a 200-day moving average price of $59.82.

Erste Group Bank (OTCMKTS:EBKDY – Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The financial services provider reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.05). The company had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $4.53 billion. Erste Group Bank had a return on equity of 10.96% and a net margin of 19.27%. On average, equities research analysts anticipate that Erste Group Bank AG will post 5.85 earnings per share for the current year.

Erste Group Bank Company Profile

(Get Free Report)

Erste Group Bank AG is an Austrian banking group headquartered in Vienna that operates as a universal bank serving retail, corporate and institutional customers. The group offers a broad range of financial services including deposit-taking, lending, mortgage financing, payment and transaction banking, and wealth management. Erste Group also provides capital markets services, corporate and investment banking solutions, and a range of insurance and pension-linked products through partnerships and subsidiary operations.

Erste Group maintains a significant regional presence beyond Austria, with operations across several Central and Eastern European countries.

Featured Stories