Erste Group Bank AG (EBKDY) – What Are Researchers Saying About This Stock?

Shares of Erste Group Bank AG (OTCMKTS:EBKDY) have received a consensus rating of “Buy” from the seven ratings firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company.

EBKDY has been the subject of a number of research analyst reports. The Goldman Sachs Group upgraded Erste Group Bank to a “strong-buy” rating in a research report on Wednesday, July 8th. Citigroup reaffirmed a “buy” rating on shares of Erste Group Bank in a research note on Wednesday, July 29th. Oddo Bhf upgraded Erste Group Bank from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 6th. Zacks Research raised shares of Erste Group Bank from a “strong sell” rating to a “hold” rating in a research note on Friday, August 7th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Erste Group Bank in a report on Wednesday, September 2nd.

Erste Group Bank Stock Performance

Shares of OTCMKTS EBKDY opened at $61.36 on Monday. The firm has a fifty day moving average price of $69.32 and a 200-day moving average price of $63.82. Erste Group Bank has a 1 year low of $47.02 and a 1 year high of $73.10. The stock has a market cap of $47.66 billion, a PE ratio of 11.75, a price-to-earnings-growth ratio of 0.61 and a beta of 0.92. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.95 and a quick ratio of 0.95.

Erste Group Bank (OTCMKTS:EBKDY) last released its earnings results on Thursday, July 30th. The financial services provider reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.01. Erste Group Bank had a return on equity of 10.22% and a net margin of 18.39%. The firm had revenue of $4.62 billion during the quarter, compared to analysts’ expectations of $4.48 billion. Equities analysts anticipate that Erste Group Bank will post 5.89 earnings per share for the current fiscal year.

About Erste Group Bank

Erste Group Bank AG is an Austria-based banking group serving retail customers, small and medium-sized businesses, corporate clients, and institutional customers. Its services include current and savings accounts, consumer and housing loans, mortgages, payment services, investment products, insurance-related offerings, corporate finance, and capital-markets services.

The group has its roots in Erste österreichische Spar-Casse, founded in Vienna in 1819. Through its banking subsidiaries, Erste Group provides financial services across Austria and several Central and Eastern European markets, including the Czech Republic, Slovakia, Romania, Hungary, Croatia, and Serbia.