Erste Group Bank (OTCMKTS:EBKDY) Stock Passes Above Fifty Day Moving Average – Here’s What Happened

Erste Group Bank AG (OTCMKTS:EBKDY) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $68.43 and traded as high as $72.1533. Erste Group Bank shares last traded at $71.22, with a volume of 58,778 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Oddo Bhf raised Erste Group Bank from a “neutral” rating to an “outperform” rating in a report on Thursday, August 6th. Citigroup reaffirmed a “buy” rating on shares of Erste Group Bank in a research report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Erste Group Bank in a research note on Monday, July 20th. Zacks Research upgraded shares of 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 raised shares of Erste Group Bank to a “strong-buy” rating in a report 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Erste Group Bank Stock Performance

The stock has a 50 day moving average of $68.59 and a 200 day moving average of $62.20. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.20. The firm has a market cap of $54.70 billion, a price-to-earnings ratio of 13.49, a P/E/G ratio of 0.69 and a beta of 0.85.

Erste Group Bank (OTCMKTS:EBKDY) last issued its earnings results on Thursday, July 30th. The financial services provider reported $1.44 EPS for the quarter, beating the consensus estimate of $1.43 by $0.01. The company had revenue of $4.62 billion during the quarter, compared to analysts’ expectations 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 fiscal year.

Erste Group Bank Company Profile

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.