Erste Group Bank (OTCMKTS:EBKDY) Stock Price Passes Above 50 Day Moving Average – Time to Sell?

Erste Group Bank AG (OTCMKTS:EBKDY) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $58.08 and traded as high as $59.78. Erste Group Bank shares last traded at $59.0848, with a volume of 34,312 shares.

Analyst Ratings Changes

EBKDY has been the subject of several analyst reports. Zacks Research downgraded Erste Group Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Citigroup raised Erste Group Bank to a “strong-buy” rating in a report on Wednesday, February 11th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Erste Group Bank in a research note on Friday, April 17th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Erste Group Bank currently has a consensus rating of “Moderate Buy”.

Erste Group Bank Price Performance

The stock has a market cap of $45.89 billion, a P/E ratio of 11.86, a PEG ratio of 0.57 and a beta of 0.85. The company has a fifty day moving average of $58.08 and a 200 day moving average of $58.54.

Erste Group Bank (OTCMKTS:EBKDY) last released its earnings results on Thursday, April 30th. The financial services provider reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.53 billion. As a group, analysts anticipate that Erste Group Bank AG will post 5.85 EPS 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.