Erste Group Bank (OTCMKTS:EBKDY) Announces Quarterly Earnings Results, Beats Expectations By $0.28 EPS

by · The Markets Daily

Erste Group Bank (OTCMKTS:EBKDY – Get Free Report) released its quarterly earnings data on Thursday. The financial services provider reported $1.23 EPS for the quarter, topping the consensus estimate of $0.95 by $0.28, Zacks reports. Erste Group Bank had a return on equity of 9.85% and a net margin of 17.36%.

Erste Group Bank Price Performance

EBKDY traded down $2.09 on Thursday, reaching $60.06. 45,182 shares of the company’s stock were exchanged, compared to its average volume of 98,314. Erste Group Bank has a twelve month low of $29.50 and a twelve month high of $66.88. The stock has a market cap of $46.65 billion, a PE ratio of 14.44, a P/E/G ratio of 0.58 and a beta of 0.85. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.15 and a quick ratio of 0.15. The stock’s fifty day moving average price is $61.90 and its 200-day moving average price is $54.76.

Wall Street Analyst Weigh In

EBKDY has been the topic of several analyst reports. Oddo Bhf lowered shares of Erste Group Bank to a “neutral” rating in a research report on Thursday, November 6th. Citigroup upgraded Erste Group Bank to a “strong-buy” rating in a research note on Wednesday, February 11th. Zacks Research upgraded Erste Group Bank from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. Barclays raised Erste Group Bank from an “equal weight” rating to an “overweight” rating in a report on Tuesday, December 2nd. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Erste Group Bank in a report on Wednesday, November 5th. Three investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy”.

Check Out Our Latest Research Report on EBKDY

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.

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