Erste Group Bank (OTCMKTS:EBKDY) Sets New 12-Month High – Should You Buy?

Erste Group Bank AG (OTCMKTS:EBKDY)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $41.44 and last traded at $40.91, with a volume of 35375 shares trading hands. The stock had previously closed at $40.48.

Analysts Set New Price Targets

A number of research firms have weighed in on EBKDY. UBS Group downgraded Erste Group Bank from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Morgan Stanley reissued an “overweight” rating on shares of Erste Group Bank in a research report on Tuesday, May 13th. Finally, Citigroup downgraded shares of Erste Group Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 10th. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy”.

Erste Group Bank Price Performance

The firm has a 50-day moving average of $35.77 and a 200 day moving average of $32.72. The stock has a market capitalization of $33.59 billion, a price-to-earnings ratio of 10.13, a PEG ratio of 1.08 and a beta of 1.03.

Erste Group Bank (OTCMKTS:EBKDY) last released its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.96 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.14). The company had revenue of $3.21 billion during the quarter, compared to analyst estimates of $3.21 billion. Erste Group Bank had a net margin of 15.21% and a return on equity of 10.95%. On average, equities analysts forecast that Erste Group Bank AG will post 4.05 earnings per share for the current 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.