Erste Group Bank (OTCMKTS:EBKDY) Sets New 1-Year High – Here’s Why

Shares of Erste Group Bank AG (OTCMKTS:EBKDY) hit a new 52-week high during trading on Tuesday . The company traded as high as $31.08 and last traded at $30.55, with a volume of 23481 shares. The stock had previously closed at $30.95.

Analyst Ratings Changes

Several brokerages recently weighed in on EBKDY. The Goldman Sachs Group raised shares of Erste Group Bank from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Keefe, Bruyette & Woods upgraded Erste Group Bank from a “moderate sell” rating to a “hold” rating in a research note on Friday, November 22nd.

Erste Group Bank Trading Up 1.3 %

The firm has a market capitalization of $25.66 billion, a P/E ratio of 7.54, a price-to-earnings-growth ratio of 0.89 and a beta of 1.29. The stock has a 50-day simple moving average of $27.91 and a two-hundred day simple moving average of $26.41.

Erste Group Bank (OTCMKTS:EBKDY) last issued its quarterly earnings results on Thursday, October 31st. The financial services provider reported $1.18 EPS for the quarter. The company had revenue of $3.02 billion during the quarter. Erste Group Bank had a return on equity of 11.11% and a net margin of 15.21%. As a group, research analysts expect that Erste Group Bank AG will post 4.27 EPS for the current year.

About Erste Group Bank

Erste Group Bank AG provides a range of banking and other financial services to retail, corporate, and public sector customers. The company operates through Retail, Corporates, Group Markets, Asset/Liability Management & Local Corporate Center, Savings Banks, and Group Corporate Center segments. It provides mortgage and consumer loans, investment products, current accounts, savings products, and credit cards, as well as cross selling products, such as leasing, insurance, and building society products.