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

Erste Group Bank AG (OTCMKTS:EBKDY) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 16,670 shares, a growth of 76.7% from the August 31st total of 9,434 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 84,211 shares, the short-interest ratio is presently 0.2 days.

Erste Group Bank Stock Performance

Shares of EBKDY traded down $0.57 during midday trading on Wednesday, hitting $69.09. 12,778 shares of the stock traded hands, compared to its average volume of 94,040. The business’s 50 day moving average price is $69.51 and its two-hundred day moving average price is $63.26. The firm has a market capitalization of $53.66 billion, a PE ratio of 13.24, a price-to-earnings-growth ratio of 0.71 and a beta of 0.85. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.95 and a current ratio of 0.95. Erste Group Bank has a 1-year low of $47.02 and a 1-year high of $73.10.

Erste Group Bank (OTCMKTS:EBKDY) last issued 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 firm had revenue of $4.62 billion for the quarter, compared to the consensus estimate of $4.48 billion. Erste Group Bank had a net margin of 18.39% and a return on equity of 10.22%. Equities research analysts predict that Erste Group Bank will post 5.89 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on EBKDY shares. Morgan Stanley reissued an “overweight” rating on shares of Erste Group Bank in a research note on Wednesday, September 2nd. Citigroup reiterated a “buy” rating on shares of Erste Group Bank in a research note on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Erste Group Bank in a research note on Monday, July 20th. The Goldman Sachs Group raised Erste Group Bank to a “strong-buy” rating in a research report on Wednesday, July 8th. Finally, Zacks Research raised shares of Erste Group Bank from a “strong sell” rating to a “hold” rating in a report on Friday, August 7th. One equities 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 MarketBeat, the stock currently has a consensus rating of “Buy”.

About Erste Group Bank

Erste Group Bank AG is an Austria-based banking group serving retail customers, small and medium-sized businesses, corporate clients, and institutional customers. Its services include current and savings accounts, consumer and housing loans, mortgages, payment services, investment products, insurance-related offerings, corporate finance, and capital-markets services.

The group has its roots in Erste österreichische Spar-Casse, founded in Vienna in 1819. Through its banking subsidiaries, Erste Group provides financial services across Austria and several Central and Eastern European markets, including the Czech Republic, Slovakia, Romania, Hungary, Croatia, and Serbia.