Erste Group Bank (OTCMKTS:EBKDY) Shares Pass Above 50-Day Moving Average – What’s Next?

Erste Group Bank AG (OTCMKTS:EBKDY) shares passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $59.86 and traded as high as $65.28. Erste Group Bank shares last traded at $64.97, with a volume of 30,051 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on EBKDY shares. Morgan Stanley reiterated an “overweight” rating on shares of Erste Group Bank in a research note on Wednesday, June 10th. Zacks Research lowered Erste Group Bank from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Erste Group Bank in a research report on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Erste Group Bank Stock Performance

The stock’s 50 day simple moving average is $59.86 and its 200-day simple moving average is $59.35. The firm has a market cap of $50.46 billion, a price-to-earnings ratio of 13.05, a price-to-earnings-growth ratio of 0.65 and a beta of 0.85.

Erste Group Bank (OTCMKTS:EBKDY) last posted its quarterly earnings data on Thursday, April 30th. The financial services provider reported $1.26 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.05). The company had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.53 billion. Erste Group Bank had a return on equity of 10.96% and a net margin of 19.27%. On average, analysts expect that Erste Group Bank AG will post 5.85 EPS for the current fiscal year.

About Erste Group Bank

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.