Erste Group Bank (OTCMKTS:EBKDY) Hits New 1-Year High – Here’s What Happened

Erste Group Bank AG (OTCMKTS:EBKDY)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $66.88 and last traded at $66.33, with a volume of 35283 shares traded. The stock had previously closed at $64.29.

Analysts Set New Price Targets

EBKDY has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Erste Group Bank in a research note on Wednesday, November 5th. Morgan Stanley restated an “overweight” rating on shares of Erste Group Bank in a research note on Monday, November 24th. Barclays upgraded shares of Erste Group Bank from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, December 2nd. Finally, Oddo Bhf downgraded shares of Erste Group Bank to a “neutral” rating in a research report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Erste Group Bank Stock Performance

The business has a 50-day moving average of $59.07 and a 200 day moving average of $52.42. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.15 and a quick ratio of 0.15. The company has a market cap of $50.49 billion, a PE ratio of 15.63, a PEG ratio of 0.71 and a beta of 0.85.

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