Erste Group Bank (OTCMKTS:EBKDY) Reaches New 52-Week High – Here’s What Happened

Erste Group Bank AG (OTCMKTS:EBKDY) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $71.43 and last traded at $71.43, with a volume of 20549 shares traded. The stock had previously closed at $69.98.

Analyst Ratings Changes

A number of research analysts have recently weighed in on EBKDY shares. Zacks Research raised shares of Erste Group Bank from a “strong sell” rating to a “hold” rating in a research report on Friday, August 7th. Morgan Stanley reiterated an “overweight” rating on shares of Erste Group Bank in a research note on Wednesday, July 29th. Citigroup reissued a “buy” rating on shares of Erste Group Bank in a research report on Wednesday, July 29th. The Goldman Sachs Group upgraded Erste Group Bank to a “strong-buy” rating in a research note on Wednesday, July 8th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Erste Group Bank in a research report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Erste Group Bank presently has a consensus rating of “Buy”.

Erste Group Bank Trading Up 1.5%

The business has a fifty day moving average of $66.90 and a 200-day moving average of $61.33. The firm has a market cap of $55.16 billion, a PE ratio of 13.61, a PEG ratio of 0.68 and a beta of 0.85.

Erste Group Bank (OTCMKTS:EBKDY) last posted its earnings results on Thursday, July 30th. The financial services provider reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.01. Erste Group Bank had a return on equity of 11.32% and a net margin of 18.39%.The business had revenue of $4.62 billion during the quarter, compared to analyst estimates of $4.48 billion. On average, equities analysts forecast that Erste Group Bank AG will post 5.91 EPS for the current year.

About Erste Group Bank

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.