Erste Group Bank (OTCMKTS:EBKDY) Sees Large Volume Increase – Here’s What Happened

Erste Group Bank AG (OTCMKTS:EBKDY) shares saw an uptick in trading volume on Tuesday . 298,078 shares traded hands during mid-day trading, an increase of 347% from the previous session’s volume of 66,743 shares.The stock last traded at $56.78 and had previously closed at $54.49.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Barclays raised Erste Group Bank from an “equal weight” rating to an “overweight” rating in a research note on Tuesday. Morgan Stanley restated an “overweight” rating on shares of Erste Group Bank in a research report on Monday, November 24th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Erste Group Bank in a research note on Wednesday, November 5th. Oddo Bhf lowered shares of Erste Group Bank to a “neutral” rating in a research note on Thursday, November 6th. Finally, Zacks Research upgraded shares of Erste Group Bank to a “hold” rating in a research report on Monday, August 11th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four 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 Stock Performance

The firm’s 50 day simple moving average is $51.11 and its 200-day simple moving average is $47.15. The company has a market capitalization of $46.38 billion, a price-to-earnings ratio of 13.58, a P/E/G ratio of 0.92 and a beta of 0.86.

Erste Group Bank (OTCMKTS:EBKDY) last issued its earnings results on Friday, October 31st. The financial services provider reported $1.29 EPS for the quarter, topping the consensus estimate of $1.10 by $0.19. The business had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.30 billion. Erste Group Bank had a return on equity of 9.85% and a net margin of 17.36%. As a group, equities analysts anticipate that Erste Group Bank AG will post 4.05 earnings per share 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.