Erste Group Bank (OTCMKTS:EBKDY) Sets New 52-Week High – Still a Buy?

Shares of Erste Group Bank AG (OTCMKTS:EBKDYGet Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as $67.0090 and last traded at $66.7795, with a volume of 17278 shares. The stock had previously closed at $65.97.

Wall Street Analyst Weigh In

EBKDY has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Erste Group Bank in a research report on Friday, April 17th. Zacks Research cut Erste Group Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Erste Group Bank in a research report on Wednesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

View Our Latest Report on EBKDY

Erste Group Bank Price Performance

The business’s fifty day moving average price is $60.08 and its 200-day moving average price is $59.56. The stock has a market capitalization of $52.03 billion, a PE ratio of 13.45, a P/E/G ratio of 0.65 and a beta of 0.85.

Erste Group Bank (OTCMKTS:EBKDYGet Free Report) last posted its earnings results on Thursday, April 30th. The financial services provider reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.05). Erste Group Bank had a return on equity of 10.96% and a net margin of 19.27%.The firm had revenue of $4.60 billion during the quarter, compared to analysts’ expectations of $4.53 billion. On average, analysts expect that Erste Group Bank AG will post 5.85 earnings per share for the current fiscal 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.

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