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

Erste Group Bank AG (OTCMKTS:EBKDY) has earned a consensus rating of “Moderate Buy” from the eight research firms that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating on the company.

EBKDY has been the topic of a number of recent research reports. Citigroup upgraded shares of Erste Group Bank to a “strong-buy” rating in a research report on Wednesday, February 11th. 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. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Erste Group Bank in a research report on Friday, April 17th.

Erste Group Bank Trading Down 1.5%

Shares of OTCMKTS EBKDY opened at $57.06 on Friday. Erste Group Bank has a 12 month low of $39.57 and a 12 month high of $66.88. The firm has a market capitalization of $44.32 billion, a price-to-earnings ratio of 11.46, a PEG ratio of 0.58 and a beta of 0.84. The business has a 50-day moving average of $56.65 and a 200-day moving average of $57.60.

Erste Group Bank (OTCMKTS:EBKDY) last issued its quarterly earnings data on Thursday, April 30th. The financial services provider reported $1.26 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.05). Erste Group Bank had a return on equity of 10.96% and a net margin of 19.27%.The business had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $4.53 billion. On average, analysts predict that Erste Group Bank will post 5.85 earnings per share for the current 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.