Erste Group Bank (OTCMKTS:EBKDY) Sets New 52-Week High – Should You Buy?

Erste Group Bank AG (OTCMKTS:EBKDY)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $68.39 and last traded at $67.74, with a volume of 157089 shares. The stock had previously closed at $66.54.

Analyst Ratings Changes

Several analysts have issued reports on the company. Morgan Stanley reissued an “overweight” rating on shares of Erste Group Bank in a report on Wednesday, July 29th. Oddo Bhf raised Erste Group Bank from a “neutral” rating to an “outperform” rating in a research report on Thursday. Citigroup reissued a “buy” rating on shares of Erste Group Bank in a report on Wednesday, July 29th. Zacks Research cut shares of Erste Group Bank from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 29th. Finally, The Goldman Sachs Group raised shares of Erste Group Bank to a “strong-buy” rating in a report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Erste Group Bank Stock Up 0.4%

The stock has a fifty day simple moving average of $64.46 and a 200 day simple moving average of $60.81. The firm has a market capitalization of $54.71 billion, a P/E ratio of 13.49, a PEG ratio of 0.68 and a beta of 0.85.

Erste Group Bank (OTCMKTS:EBKDY) last released its earnings results on Thursday, July 30th. The financial services provider reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.01. The firm had revenue of $4.62 billion during the quarter, compared to analysts’ expectations of $4.48 billion. Erste Group Bank had a return on equity of 11.32% and a net margin of 18.39%. Research analysts anticipate that Erste Group Bank AG will post 5.84 earnings per share for the current fiscal 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.