Erste Group Bank AG (OTCMKTS:EBKDY) Sees Significant Drop in Short Interest

Erste Group Bank AG (OTCMKTS:EBKDYGet Free Report) was the recipient of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 15,025 shares, a decline of 51.0% from the July 30th total of 30,669 shares. Based on an average daily volume of 77,679 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

Erste Group Bank Price Performance

Shares of Erste Group Bank stock traded up $0.52 during midday trading on Friday, hitting $71.20. The company had a trading volume of 24,321 shares, compared to its average volume of 46,143. The business’s 50 day simple moving average is $67.67 and its two-hundred day simple moving average is $61.67. The stock has a market cap of $55.30 billion, a PE ratio of 13.64, a P/E/G ratio of 0.70 and a beta of 0.85. Erste Group Bank has a 1-year low of $47.02 and a 1-year high of $73.10.

Erste Group Bank (OTCMKTS:EBKDYGet Free Report) last released its earnings results on Thursday, July 30th. The financial services provider reported $1.44 EPS for the quarter, beating the consensus estimate of $1.43 by $0.01. Erste Group Bank had a net margin of 18.39% and a return on equity of 11.32%. The firm had revenue of $4.62 billion during the quarter, compared to analysts’ expectations of $4.48 billion. On average, sell-side analysts expect that Erste Group Bank will post 5.91 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Morgan Stanley restated an “overweight” rating on shares of Erste Group Bank in a research note on Wednesday, July 29th. The Goldman Sachs Group upgraded shares of Erste Group Bank to a “strong-buy” rating in a research note on Wednesday, July 8th. Zacks Research raised shares of Erste Group Bank from a “strong sell” rating to a “hold” rating in a research report on Friday, August 7th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Erste Group Bank in a report on Monday, July 20th. Finally, Oddo Bhf raised Erste Group Bank from a “neutral” rating to an “outperform” rating in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy”.

View Our Latest Research Report on EBKDY

About Erste Group Bank

(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.

See Also

Receive News & Ratings for Erste Group Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Erste Group Bank and related companies with MarketBeat.com's FREE daily email newsletter.