Erste Group Bank AG (OTCMKTS:EBKDY) Stock Short Interest Report for October

Erste Group Bank AG (OTCMKTS:EBKDY) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 6,931 shares, an increase of 405.9% from the September 30th total of 1,370 shares. Based on an average trading volume of 121,033 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

EBKDY has been the topic of several recent research reports. Citigroup restated a “buy” rating on shares of Erste Group Bank in a research report on Wednesday, July 29th. Zacks Research upgraded Erste Group Bank from a “strong sell” rating to a “hold” rating in a research report on Friday, August 7th. The Goldman Sachs Group raised Erste Group Bank to a “strong-buy” rating in a research note on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Erste Group Bank in a report on Monday, July 20th. Finally, Oddo Bhf raised shares of Erste Group Bank from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy”.

Erste Group Bank Trading Up 0.2%

Shares of Erste Group Bank stock traded up $0.12 during trading on Thursday, reaching $60.01. 22,849 shares of the stock were exchanged, compared to its average volume of 93,483. 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 firm has a market cap of $46.61 billion, a price-to-earnings ratio of 11.50, a price-to-earnings-growth ratio of 0.57 and a beta of 0.92. Erste Group Bank has a 1 year low of $48.91 and a 1 year high of $73.10. The stock’s fifty day moving average is $66.93 and its 200 day moving average is $62.75.

Erste Group Bank (OTCMKTS:EBKDY) last announced its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.01. The company had revenue of $4.62 billion for the quarter, compared to the consensus estimate of $4.48 billion. Erste Group Bank had a return on equity of 10.22% and a net margin of 18.39%. As a group, equities research analysts expect that Erste Group Bank will post 5.89 earnings per share for the current fiscal year.

Erste Group Bank Company Profile

Erste Group Bank AG is an Austria-based financial services group that provides banking and related services to retail customers, small and medium-sized businesses, corporations, public-sector organizations and institutional clients. Its offerings include deposit accounts, consumer and mortgage lending, business finance, payment services, investment products, securities trading and wealth management.

Founded in 1819 as Erste österreichische Spar-Casse, the group has developed into one of Central and Eastern Europe’s major banking organizations.