Erste Group Bank AG (OTCMKTS:EBKDY) Sees Large Decrease in Short Interest

Erste Group Bank AG (OTCMKTS:EBKDYGet Free Report) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 3,662 shares, a drop of 82.6% from the April 30th total of 20,990 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 141,112 shares, the short-interest ratio is presently 0.0 days.

Erste Group Bank Stock Up 1.8%

Shares of Erste Group Bank stock traded up $1.04 during midday trading on Friday, hitting $59.77. The company’s stock had a trading volume of 21,780 shares, compared to its average volume of 88,933. Erste Group Bank has a 1-year low of $39.65 and a 1-year high of $66.88. The stock has a 50-day simple moving average of $57.16 and a 200-day simple moving average of $58.21. The firm has a market capitalization of $46.42 billion, a P/E ratio of 12.00, a PEG ratio of 0.59 and a beta of 0.84.

Erste Group Bank (OTCMKTS:EBKDYGet Free Report) last announced its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $4.53 billion. As a group, sell-side analysts predict that Erste Group Bank will post 5.85 earnings per share for the current year.

Analyst Ratings Changes

EBKDY has been the subject of several recent 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, Citigroup raised Erste Group Bank to a “strong-buy” rating in a research report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Erste Group Bank has a consensus rating of “Moderate Buy”.

Read 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.

Featured Articles

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.