Erste Group Bank (OTCMKTS:EBKDY) Shares Gap Up – What’s Next?

Erste Group Bank AG (OTCMKTS:EBKDY) gapped up prior to trading on Tuesday . The stock had previously closed at $63.59, but opened at $66.88. Erste Group Bank shares last traded at $65.8350, with a volume of 1,040 shares trading hands.

Wall Street Analyst Weigh In

EBKDY has been the topic of a number of recent analyst reports. Barclays upgraded shares of Erste Group Bank from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, December 2nd. Morgan Stanley reissued an “overweight” rating on shares of Erste Group Bank in a research note on Monday, November 24th. Oddo Bhf lowered shares of Erste Group Bank to a “neutral” rating in a research report on Thursday, November 6th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Erste Group Bank in a report on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Erste Group Bank Stock Up 2.7%

The firm has a market capitalization of $51.27 billion, a price-to-earnings ratio of 15.87, a price-to-earnings-growth ratio of 0.68 and a beta of 0.85. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.15 and a current ratio of 0.15. The business’s 50 day moving average is $58.20 and its 200-day moving average is $52.07.

Erste Group Bank (OTCMKTS:EBKDY) last released its earnings results on Friday, October 31st. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.19. Erste Group Bank had a return on equity of 9.85% and a net margin of 17.36%.The firm had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.30 billion. Equities analysts anticipate that Erste Group Bank AG will post 4.05 EPS for the current fiscal 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.