Erste Group Bank (OTCMKTS:EBKDY) Reaches New 52-Week High – Here’s Why

Erste Group Bank AG (OTCMKTS:EBKDY)’s share price reached a new 52-week high on Friday . The company traded as high as $61.29 and last traded at $60.6701, with a volume of 17193 shares trading hands. The stock had previously closed at $60.24.

Analysts Set New Price Targets

A number of research analysts recently commented on EBKDY shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Erste Group Bank in a research report on Wednesday, November 5th. Barclays upgraded shares of Erste Group Bank from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, December 2nd. Morgan Stanley restated an “overweight” rating on shares of Erste Group Bank in a research report on Monday, November 24th. Finally, Oddo Bhf downgraded Erste Group Bank to a “neutral” rating in a research note on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Erste Group Bank presently has an average rating of “Moderate Buy”.

Erste Group Bank Stock Up 0.7%

The firm has a 50 day moving average of $54.78 and a two-hundred day moving average of $49.63. The stock has a market capitalization of $49.81 billion, a PE ratio of 14.58, a P/E/G ratio of 0.98 and a beta of 0.85. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 1.36.

Erste Group Bank (OTCMKTS:EBKDY) last posted its earnings results on Friday, October 31st. The financial services provider reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.19. Erste Group Bank had a return on equity of 9.85% and a net margin of 17.36%.The company had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.30 billion. Equities research analysts anticipate that Erste Group Bank AG will post 4.05 earnings per share for the current year.

Erste Group Bank Company Profile

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.