Erste Group Bank AG (OTCMKTS:EBKDY – Get Free Report) gapped down prior to trading on Friday. The stock had previously closed at $62.30, but opened at $57.54. Erste Group Bank shares last traded at $57.5415, with a volume of 5,670 shares trading hands.
Analysts Set New Price Targets
Several brokerages recently commented on EBKDY. Zacks Research upgraded Erste Group Bank from a “strong sell” rating to a “hold” rating in a report on Friday, August 7th. Oddo Bhf upgraded shares of Erste Group Bank from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Erste Group Bank in a research report on Monday, July 20th. The Goldman Sachs Group raised shares of Erste Group Bank to a “strong-buy” rating in a research report on Wednesday, July 8th. Finally, Morgan Stanley restated an “overweight” rating on shares of Erste Group Bank in a report on Wednesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Erste Group Bank has an average rating of “Buy”.
Check Out Our Latest Research Report on Erste Group Bank
Erste Group Bank Stock Performance
The firm has a market capitalization of $44.65 billion, a PE ratio of 11.01, a PEG ratio of 0.62 and a beta of 0.92. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.20. The company has a 50-day moving average of $67.87 and a 200 day moving average of $64.37.
Erste Group Bank (OTCMKTS:EBKDY – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.01. The firm had revenue of $4.62 billion for the quarter, compared to analysts’ expectations of $4.48 billion. Erste Group Bank had a return on equity of 10.22% and a net margin of 18.39%. Equities research analysts predict that Erste Group Bank AG will post 5.89 EPS for the current year.
Erste Group Bank Company Profile
Erste Group Bank AG is an Austria-based financial services group that provides banking and related services to retail customers, small and medium-sized businesses, corporations, public-sector organizations and institutional clients. Its offerings include deposit accounts, consumer and mortgage lending, business finance, payment services, investment products, securities trading and wealth management.
Founded in 1819 as Erste österreichische Spar-Casse, the group has developed into one of Central and Eastern Europe’s major banking organizations.
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