Erste Group Bank (OTCMKTS:EBKDY) Sets New 1-Year High – Time to Buy?

Shares of Erste Group Bank AG (OTCMKTS:EBKDY) hit a new 52-week high on Friday . The stock traded as high as $54.7133 and last traded at $54.49, with a volume of 36654 shares traded. The stock had previously closed at $53.80.

Analyst Ratings Changes

EBKDY has been the topic of a number of recent analyst reports. Oddo Bhf lowered Erste Group Bank to a “neutral” rating in a research report on Thursday, November 6th. Cfra Research upgraded shares of Erste Group Bank to a “hold” rating in a research report on Tuesday, August 5th. Zacks Research upgraded shares of Erste Group Bank to a “hold” rating in a research report on Monday, August 11th. Morgan Stanley reiterated an “overweight” rating on shares of Erste Group Bank in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Erste Group Bank in a report on Wednesday, November 5th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Erste Group Bank Trading Up 1.1%

The firm’s fifty day simple moving average is $50.42 and its two-hundred day simple moving average is $46.61. The company has a market capitalization of $44.65 billion, a price-to-earnings ratio of 13.43, a price-to-earnings-growth ratio of 0.83 and a beta of 1.08.

Erste Group Bank (OTCMKTS:EBKDY) last released its quarterly earnings results on Friday, October 31st. The financial services provider reported $1.29 EPS for the quarter, beating the consensus estimate of $1.10 by $0.19. Erste Group Bank had a net margin of 16.96% and a return on equity of 10.08%. The firm had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.30 billion. As a group, analysts forecast that Erste Group Bank AG will post 4.05 EPS for the current fiscal year.

Erste Group Bank Company Profile

Erste Group Bank AG provides a range of banking and other financial services to retail, corporate, and public sector customers. The company operates through Retail, Corporates, Group Markets, Asset/Liability Management & Local Corporate Center, Savings Banks, and Group Corporate Center segments. It provides mortgage and consumer loans, investment products, current accounts, savings products, and credit cards, as well as cross selling products, such as leasing, insurance, and building society products.