Erste Group Bank (OTCMKTS:EBKDY) Sets New 1-Year High – Here’s Why

Erste Group Bank AG (OTCMKTS:EBKDY) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $41.44 and last traded at $40.91, with a volume of 35375 shares changing hands. The stock had previously closed at $40.48.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on EBKDY shares. Morgan Stanley restated an “overweight” rating on shares of Erste Group Bank in a research report on Tuesday, May 13th. Citigroup cut Erste Group Bank from a “strong-buy” rating to a “hold” rating in a report on Monday, March 10th. Finally, UBS Group cut Erste Group Bank from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Erste Group Bank currently has a consensus rating of “Moderate Buy”.

Erste Group Bank Stock Up 1.1%

The company’s fifty day moving average price is $35.77 and its 200 day moving average price is $32.72. The company has a market capitalization of $33.59 billion, a P/E ratio of 10.13, a PEG ratio of 1.08 and a beta of 1.03.

Erste Group Bank (OTCMKTS:EBKDY) last posted its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.96 EPS for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.14). The company had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.21 billion. Erste Group Bank had a return on equity of 10.95% and a net margin of 15.21%. Research analysts predict that Erste Group Bank AG will post 4.05 earnings per share for the current fiscal year.

About Erste Group Bank

Erste Group Bank AG provides a range of banking and other financial services to retail, corporate, and public sector customers. The company operates through Retail, Corporates, Group Markets, Asset/Liability Management & Local Corporate Center, Savings Banks, and Group Corporate Center segments. It provides mortgage and consumer loans, investment products, current accounts, savings products, and credit cards, as well as cross selling products, such as leasing, insurance, and building society products.