Erste Group Bank AG (EBKDY) – What Are Investment Firms Saying About This Stock?

Shares of Erste Group Bank AG (OTCMKTS:EBKDY) have been given an average recommendation of “Buy” by the seven analysts that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company.

EBKDY has been the topic of a number of recent research reports. Zacks Research upgraded Erste Group Bank from a “strong sell” rating to a “hold” rating in a report on Friday, August 7th. The Goldman Sachs Group raised shares of Erste Group Bank to a “strong-buy” rating in a research report on Wednesday, July 8th. Morgan Stanley restated an “overweight” rating on shares of Erste Group Bank in a research note on Wednesday, September 2nd. Oddo Bhf upgraded shares of Erste Group Bank from a “neutral” rating to an “outperform” rating in a report on Thursday, August 6th. Finally, Citigroup restated a “buy” rating on shares of Erste Group Bank in a report on Wednesday, July 29th.

Erste Group Bank Price Performance

Shares of OTCMKTS:EBKDY opened at $61.36 on Monday. The business’s 50 day simple moving average is $69.32 and its two-hundred day simple moving average is $63.89. The firm has a market cap of $47.66 billion, a P/E ratio of 11.75, a PEG ratio of 0.61 and a beta of 0.92. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.95 and a current ratio of 0.95. Erste Group Bank has a 52-week low of $47.02 and a 52-week high of $73.10.

Erste Group Bank (OTCMKTS:EBKDY) last released its quarterly earnings data 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. Erste Group Bank had a return on equity of 10.22% and a net margin of 18.39%. The firm had revenue of $4.62 billion during the quarter, compared to the consensus estimate of $4.48 billion. As a group, research analysts forecast that Erste Group Bank will post 5.89 EPS for the current fiscal year.

About Erste Group Bank

Erste Group Bank AG is an Austria-based banking group serving retail customers, small and medium-sized businesses, corporate clients, and institutional customers. Its services include current and savings accounts, consumer and housing loans, mortgages, payment services, investment products, insurance-related offerings, corporate finance, and capital-markets services.

The group has its roots in Erste österreichische Spar-Casse, founded in Vienna in 1819. Through its banking subsidiaries, Erste Group provides financial services across Austria and several Central and Eastern European markets, including the Czech Republic, Slovakia, Romania, Hungary, Croatia, and Serbia.