Erste Group Bank (OTCMKTS:EBKDY) Reaches New 1-Year High – Here’s What Happened

Erste Group Bank AG (OTCMKTS:EBKDY) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $67.0090 and last traded at $66.7795, with a volume of 17278 shares changing hands. The stock had previously closed at $65.97.

Analyst Ratings Changes

A number of analysts have commented on EBKDY shares. Zacks Research downgraded shares of Erste Group Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Morgan Stanley reissued an “overweight” rating on shares of Erste Group Bank in a research note on Wednesday, June 10th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Erste Group Bank in a report on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Erste Group Bank Price Performance

The firm has a market cap of $52.03 billion, a P/E ratio of 13.45, a PEG ratio of 0.65 and a beta of 0.85. The company’s 50 day moving average is $60.08 and its two-hundred day moving average is $59.56.

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