Erste Group Bank (OTCMKTS:EBKDY) Hits New 1-Year High – What’s Next?

Erste Group Bank AG (OTCMKTS:EBKDY) hit a new 52-week high during trading on Tuesday . The company traded as high as $32.37 and last traded at $32.22, with a volume of 470838 shares changing hands. The stock had previously closed at $31.26.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Keefe, Bruyette & Woods raised Erste Group Bank from a “moderate sell” rating to a “hold” rating in a report on Friday, November 22nd. The Goldman Sachs Group upgraded Erste Group Bank from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th.

Erste Group Bank Trading Up 3.1 %

The firm has a market capitalization of $26.45 billion, a P/E ratio of 7.98, a P/E/G ratio of 0.98 and a beta of 1.25. The firm has a 50-day moving average of $29.39 and a two-hundred day moving average of $27.51.

Erste Group Bank (OTCMKTS:EBKDY) last issued its earnings results on Thursday, October 31st. The financial services provider reported $1.18 earnings per share (EPS) for the quarter. Erste Group Bank had a return on equity of 10.95% and a net margin of 15.21%. The business had revenue of $3.02 billion during the quarter. On average, sell-side analysts anticipate that Erste Group Bank AG will post 4.05 EPS for the current fiscal year.

Erste Group Bank Company Profile

Erste Group Bank AG provides a range of banking and other financial services to retail, corporate, and public sector customers. The company operates through Retail, Corporates, Group Markets, Asset/Liability Management & Local Corporate Center, Savings Banks, and Group Corporate Center segments. It provides mortgage and consumer loans, investment products, current accounts, savings products, and credit cards, as well as cross selling products, such as leasing, insurance, and building society products.