Erste Group Bank AG (OTCMKTS:EBKDY) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Erste Group Bank AG (OTCMKTS:EBKDY) have been assigned a consensus recommendation of “Moderate Buy” from the eight analysts that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company.

Several equities research analysts have weighed in on EBKDY shares. Zacks Research cut shares of Erste Group Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Citigroup raised shares of Erste Group Bank to a “strong-buy” rating in a research report on Wednesday, February 11th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Erste Group Bank in a report on Friday, April 17th.

Erste Group Bank Stock Down 1.6%

Shares of EBKDY opened at $57.16 on Friday. The stock has a market capitalization of $44.40 billion, a P/E ratio of 11.48, a PEG ratio of 0.58 and a beta of 0.84. The firm has a fifty day simple moving average of $56.83 and a two-hundred day simple moving average of $57.40. Erste Group Bank has a twelve month low of $38.61 and a twelve month high of $66.88.

Erste Group Bank (OTCMKTS:EBKDY) last announced its quarterly earnings results on Thursday, April 30th. The financial services provider reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.05). The firm had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $4.53 billion. Erste Group Bank had a net margin of 19.27% and a return on equity of 10.96%. Sell-side analysts expect that Erste Group Bank will post 5.8 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.