Erste Group Bank (OTCMKTS:EBKDY) Sees Strong Trading Volume – Should You Buy?

Shares of Erste Group Bank AG (OTCMKTS:EBKDY – Get Free Report) saw an uptick in trading volume on Thursday . Approximately 328,056 shares changed hands during trading, an increase of 361% from the previous session’s volume of 71,170 shares.The stock last traded at $70.33 and had previously closed at $67.3350.

Analyst Upgrades and Downgrades

EBKDY has been the subject of a number of analyst reports. Morgan Stanley reissued an “overweight” rating on shares of Erste Group Bank in a research report on Wednesday, September 2nd. Oddo Bhf raised Erste Group Bank from a “neutral” rating to an “outperform” rating in a research report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Erste Group Bank in a report on Monday, July 20th. Zacks Research raised Erste Group Bank from a “strong sell” rating to a “hold” rating in a research report on Friday, August 7th. Finally, The Goldman Sachs Group upgraded Erste Group Bank to a “strong-buy” rating in a research note on Wednesday, July 8th. One 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. According to MarketBeat.com, Erste Group Bank currently has an average rating of “Buy”.

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Erste Group Bank Stock Down 3.5%

The company’s 50-day moving average is $68.83 and its 200 day moving average is $62.52. The stock has a market capitalization of $52.99 billion, a PE ratio of 13.07, a price-to-earnings-growth ratio of 0.69 and a beta of 0.85. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.20.

Erste Group Bank (OTCMKTS:EBKDY – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.01. The business had revenue of $4.62 billion for the quarter, compared to analyst estimates of $4.48 billion. Erste Group Bank had a net margin of 18.39% and a return on equity of 10.22%. As a group, analysts anticipate that Erste Group Bank AG will post 5.93 EPS for the current year.

Erste Group Bank Company Profile

(Get Free Report)

Erste Group Bank AG is an Austrian financial services company headquartered in Vienna. Founded in 1819 as Erste österreichische Spar-Casse, the group has developed into one of Central and Eastern Europe’s major banking organizations. Its ordinary shares are listed on the Vienna Stock Exchange, while its American depositary receipts trade over the counter in the United States under the symbol EBKDY.

The company provides retail and commercial banking services, including current and savings accounts, consumer and mortgage lending, payment services, investment products, and insurance-related offerings.

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