Erste Group Bank (OTCMKTS:EBKDY) Sets New 52-Week High – Here’s What Happened

Shares of Erste Group Bank AG (OTCMKTS:EBKDY) reached a new 52-week high during trading on Wednesday . The company 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.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on EBKDY. Morgan Stanley reaffirmed an “overweight” rating on shares of Erste Group Bank in a research report on Wednesday, June 10th. Zacks Research downgraded Erste Group Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Erste Group Bank in a research note on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Erste Group Bank Stock Up 1.2%

The firm’s 50 day simple moving average is $59.37 and its 200-day simple moving average is $59.07. The company has a market capitalization of $51.71 billion, a PE ratio of 13.37, a P/E/G ratio of 0.65 and a beta of 0.85.

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