Erste Group Bank (OTCMKTS:EBKDY) Sets New 12-Month High – Still a Buy?

Erste Group Bank AG (OTCMKTS:EBKDY) reached a new 52-week high on Wednesday . The stock traded as high as $67.00 and last traded at $66.8785, with a volume of 12483 shares. The stock had previously closed at $65.39.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Erste Group Bank in a research report on Friday, April 17th. Zacks Research cut Erste Group Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Erste Group Bank in a research report on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Erste Group Bank Trading Up 1.0%

The firm has a fifty day simple moving average of $58.92 and a 200 day simple moving average of $58.90. The stock has a market cap of $51.30 billion, a price-to-earnings ratio of 13.26, a PEG ratio of 0.64 and a beta of 0.85.

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