Erste Group Bank (OTCMKTS:EBKDY) Sees Strong Trading Volume After Analyst Upgrade

Shares of Erste Group Bank AG (OTCMKTS:EBKDY) saw an uptick in trading volume on Thursday after The Goldman Sachs Group upgraded the stock to a strong-buy rating. Approximately 210,775 shares were traded during trading, an increase of 167% from the previous session’s volume of 78,957 shares.The stock last traded at $67.11 and had previously closed at $65.36.

EBKDY has been the topic of a number of other research reports. Zacks Research cut shares of Erste Group Bank from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Morgan Stanley restated an “overweight” rating on shares of Erste Group Bank in a research note on Wednesday, June 10th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Erste Group Bank in a report on Friday, April 17th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Erste Group Bank Stock Up 0.4%

The stock has a market capitalization of $52.33 billion, a price-to-earnings ratio of 13.53, a price-to-earnings-growth ratio of 0.67 and a beta of 0.84. The stock’s 50-day simple moving average is $61.32 and its 200 day simple moving average is $60.12.

Erste Group Bank (OTCMKTS:EBKDY) last posted its earnings results on Thursday, April 30th. The financial services provider reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.05). The firm had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $4.53 billion. Erste Group Bank had a net margin of 19.27% and a return on equity of 10.96%. As a group, equities research analysts anticipate that Erste Group Bank AG will post 5.85 earnings per share for the current year.

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.