Erste Group Bank AG (OTCMKTS:EBKDY) Short Interest Update

Erste Group Bank AG (OTCMKTS:EBKDY) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 9,434 shares, a decline of 37.2% from the August 15th total of 15,025 shares. Based on an average daily volume of 63,555 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Analyst Ratings Changes

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

Erste Group Bank Stock Performance

EBKDY opened at $68.53 on Wednesday. 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 stock’s 50 day moving average price is $68.71 and its two-hundred day moving average price is $62.35. The firm has a market capitalization of $53.23 billion, a P/E ratio of 13.13, a price-to-earnings-growth ratio of 0.68 and a beta of 0.85. Erste Group Bank has a 12-month low of $47.02 and a 12-month high of $73.10.

Erste Group Bank (OTCMKTS:EBKDY) last posted its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.01. The company had revenue of $4.62 billion during the quarter, compared to analysts’ expectations of $4.48 billion. Erste Group Bank had a return on equity of 10.22% and a net margin of 18.39%. On average, equities analysts forecast that Erste Group Bank will post 5.93 earnings per share for the current year.

Erste Group Bank Company Profile

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.