Erste Group Bank AG (OTCMKTS:EBKDY) Short Interest Up 3,613.0% in July

Erste Group Bank AG (OTCMKTS:EBKDY – Get Free Report) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 30,669 shares, an increase of 3,613.0% from the July 15th total of 826 shares. Based on an average trading volume of 87,711 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the shares of the stock are short sold.

Erste Group Bank Stock Performance

Erste Group Bank stock opened at $69.39 on Wednesday. Erste Group Bank has a twelve month low of $46.84 and a twelve month high of $71.09. The firm has a market cap of $53.90 billion, a PE ratio of 13.29, a P/E/G ratio of 0.68 and a beta of 0.85. The firm’s 50 day moving average price is $65.29 and its two-hundred day moving average price is $61.05.

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Erste Group Bank (OTCMKTS:EBKDY – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.01. The business had revenue of $4.62 billion during the quarter, compared to analyst estimates of $4.48 billion. Erste Group Bank had a return on equity of 11.32% and a net margin of 18.39%. Equities analysts anticipate that Erste Group Bank will post 5.91 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

EBKDY has been the subject of several research reports. Zacks Research raised Erste Group Bank from a “strong sell” rating to a “hold” rating in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Erste Group Bank in a research report on Monday, July 20th. Morgan Stanley restated an “overweight” rating on shares of Erste Group Bank in a report on Wednesday, July 29th. Citigroup reaffirmed a “buy” rating on shares of Erste Group Bank in a research note on Wednesday, July 29th. Finally, The Goldman Sachs Group upgraded shares of Erste Group Bank to a “strong-buy” rating in a report on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy”.

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Erste Group Bank Company Profile

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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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