Erste Group Bank (OTCMKTS:EBKDY) Shares Gap Up – Still a Buy?

Erste Group Bank AG (OTCMKTS:EBKDY)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $53.97, but opened at $59.06. Erste Group Bank shares last traded at $58.7601, with a volume of 719 shares traded.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Citigroup raised Erste Group Bank to a “strong-buy” rating in a report on Wednesday, February 11th. Zacks Research lowered Erste Group Bank from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Erste Group Bank in a report on Friday, April 17th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Erste Group Bank Price Performance

The company has a market cap of $45.11 billion, a P/E ratio of 11.66, a price-to-earnings-growth ratio of 0.54 and a beta of 0.84. The company has a 50 day moving average of $57.00 and a 200-day moving average of $57.27.

Erste Group Bank (OTCMKTS:EBKDY) last posted its quarterly earnings data on Thursday, April 30th. The financial services provider reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.05). The business had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $4.53 billion. Erste Group Bank had a net margin of 19.27% and a return on equity of 10.96%. Research analysts anticipate that Erste Group Bank AG will post 5.8 EPS 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.