Zacks Investment Research Lowers Erste Group Bank (OTCMKTS:EBKDY) to Hold

Erste Group Bank (OTCMKTS:EBKDY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, Zacks.com reports.

According to Zacks, “The Erste Bank der Muster is a traditional banking group and providering financial services in Central and Eastern Europe. It focuses on retail and SME banking. It offers a range of products through group-wide bundling of product know how into Competence Centres covering, among others, Debt financing, Equity capital markets ,Mergers and acquisitions,Debt advisory, Project financing, Syndication, Real Estate financing and solutions, Infrastructure Finance & Public Sector, Merchant Banking / Private Equity, Leasing solutions (IMMORENT), and Corporate Cash Management. Its customers can avail its products in netbanking, wether it is Komfort-Kredit, Profit account, Bonus account, Building society contract, Pension plan or the order of MasterCard or VISA Card. Erste Bank focuses on private clients, corporate clients and the public sector. it offers all financial products under one roof. It operates in the areas of investment , construction and living , and leasing. Erste Bank is based in Vienna, Austria. “

Shares of OTCMKTS EBKDY remained flat at $$16.09 during midday trading on Wednesday. The stock had a trading volume of 16,411 shares, compared to its average volume of 44,010. Erste Group Bank has a 52 week low of $8.43 and a 52 week high of $57.90. The stock has a market capitalization of $13.83 billion, a P/E ratio of 15.62, a price-to-earnings-growth ratio of 8.40 and a beta of 1.49. The firm has a 50-day moving average price of $15.23 and a two-hundred day moving average price of $12.63.

Erste Group Bank (OTCMKTS:EBKDY) last issued its quarterly earnings data on Monday, November 2nd. The financial services provider reported $0.47 EPS for the quarter. Erste Group Bank had a return on equity of 4.23% and a net margin of 10.26%. The company had revenue of $2.48 billion during the quarter. Research analysts anticipate that Erste Group Bank will post 1 earnings per share for the current year.

Erste Group Bank Company Profile

Erste Group Bank AG provides a range of banking and other financial services to retail, corporate, real estate, and public sector customers in Austria, Central and Eastern Europe, and internationally. The company operates through Retail, Corporates, Group Markets, Asset/Liability Management and Local Corporate Center, Savings Banks, and Group Corporate Center segments.

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