Erste Group Bank (OTCMKTS:EBKDY) Sees Unusually-High Trading Volume – What’s Next?

Shares of Erste Group Bank AG (OTCMKTS:EBKDY) saw strong trading volume on Wednesday. Approximately 401,016 shares were traded during trading, an increase of 410% from the previous session’s volume of 78,594 shares. The stock last traded at $69.6135 and had previously closed at $70.19.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on EBKDY shares. Morgan Stanley reaffirmed an “overweight” rating on shares of Erste Group Bank in a research report on Wednesday, September 2nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Erste Group Bank in a research note on Monday, July 20th. The Goldman Sachs Group raised Erste Group Bank to a “strong-buy” rating in a report on Wednesday, July 8th. Zacks Research raised Erste Group Bank from a “strong sell” rating to a “hold” rating in a research report on Friday, August 7th. Finally, Citigroup reiterated a “buy” rating on shares of Erste Group Bank in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Erste Group Bank has an average rating of “Buy”.

Erste Group Bank Trading Up 0.3%

The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $54.12 billion, a price-to-earnings ratio of 13.35, a P/E/G ratio of 0.69 and a beta of 0.85. The business has a 50-day moving average of $69.15 and a two-hundred day moving average of $62.94.

Erste Group Bank (OTCMKTS:EBKDY) last posted its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.44 EPS for the quarter, beating 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. Research analysts predict that Erste Group Bank AG will post 5.91 EPS for the current fiscal year.

About Erste Group Bank

Erste Group Bank AG is an Austrian financial services company headquartered in Vienna. Founded in 1819 as Erste österreichische Spar-Casse, the group has developed into one of Central and Eastern Europe’s major banking organizations. Its ordinary shares are listed on the Vienna Stock Exchange, while its American depositary receipts trade over the counter in the United States under the symbol EBKDY.

The company provides retail and commercial banking services, including current and savings accounts, consumer and mortgage lending, payment services, investment products, and insurance-related offerings.