Erste Group Bank AG (OTCMKTS:EBKDY) Short Interest Update

Erste Group Bank AG (OTCMKTS:EBKDY) was the target of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 3,662 shares, a decline of 82.6% from the April 30th total of 20,990 shares. Based on an average trading volume of 141,112 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

Erste Group Bank Price Performance

EBKDY stock opened at $59.23 on Thursday. Erste Group Bank has a 52-week low of $39.65 and a 52-week high of $66.88. The company’s 50 day simple moving average is $57.05 and its 200-day simple moving average is $58.16. The firm has a market capitalization of $46.00 billion, a P/E ratio of 11.89, a P/E/G ratio of 0.59 and a beta of 0.84.

Erste Group Bank (OTCMKTS:EBKDY) last released its quarterly earnings data on Thursday, April 30th. The financial services provider reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.05). The company had revenue of $4.60 billion during the quarter, compared to analyst estimates of $4.53 billion. Erste Group Bank had a net margin of 19.27% and a return on equity of 10.96%. Sell-side analysts predict that Erste Group Bank will post 5.85 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on EBKDY. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Erste Group Bank in a report on Friday, April 17th. Citigroup upgraded shares of Erste Group Bank to a “strong-buy” rating in a report on Wednesday, February 11th. Finally, Zacks Research lowered shares of Erste Group Bank from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Erste Group Bank has an average rating of “Moderate Buy”.

Erste Group Bank Company Profile

Erste Group Bank AG is an Austrian banking group headquartered in Vienna that operates as a universal bank serving retail, corporate and institutional customers. The group offers a broad range of financial services including deposit-taking, lending, mortgage financing, payment and transaction banking, and wealth management. Erste Group also provides capital markets services, corporate and investment banking solutions, and a range of insurance and pension-linked products through partnerships and subsidiary operations.

Erste Group maintains a significant regional presence beyond Austria, with operations across several Central and Eastern European countries.