Erste Group Bank (OTCMKTS:EBKDY) Announces Earnings Results

Erste Group Bank (OTCMKTS:EBKDY) posted its quarterly earnings data on Thursday. The financial services provider reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.01, Zacks reports. Erste Group Bank had a net margin of 19.27% and a return on equity of 10.96%. The company had revenue of $4.62 billion during the quarter, compared to analyst estimates of $4.48 billion.

Erste Group Bank Stock Performance

OTCMKTS EBKDY opened at $66.07 on Friday. Erste Group Bank has a 1-year low of $45.19 and a 1-year high of $68.28. The company has a market capitalization of $51.32 billion, a PE ratio of 13.27, a price-to-earnings-growth ratio of 0.65 and a beta of 0.84. The firm’s fifty day simple moving average is $63.72 and its 200-day simple moving average is $60.63.

Analyst Ratings Changes

EBKDY has been the topic of several recent research reports. Morgan Stanley restated an “overweight” rating on shares of Erste Group Bank in a research report on Wednesday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Erste Group Bank in a research report on Monday, July 20th. Zacks Research lowered Erste Group Bank from a “hold” rating to a “strong sell” rating in a research report on Wednesday. Citigroup restated a “buy” rating on shares of Erste Group Bank in a report on Wednesday. Finally, The Goldman Sachs Group upgraded shares of Erste Group Bank to a “strong-buy” rating in a report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Erste Group Bank currently has a consensus 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.