Erste Group Bank (OTCMKTS:EBKDY) Issues Quarterly Earnings Results

Erste Group Bank (OTCMKTS:EBKDY) issued its quarterly earnings results on Thursday. The financial services provider reported $1.44 EPS for the quarter, topping the consensus estimate of $1.43 by $0.01, Zacks reports. Erste Group Bank had a net margin of 19.27% and a return on equity of 10.96%.

Erste Group Bank Stock Performance

EBKDY traded up $1.33 during trading hours on Thursday, reaching $66.11. The company’s stock had a trading volume of 136,827 shares, compared to its average volume of 77,688. The company’s 50-day moving average is $63.55 and its 200-day moving average is $60.58. Erste Group Bank has a 52 week low of $45.19 and a 52 week high of $68.28. The firm has a market cap of $51.34 billion, a PE ratio of 13.27, a price-to-earnings-growth ratio of 0.65 and a beta of 0.84.

Wall Street Analyst Weigh In

EBKDY has been the subject of several analyst reports. Citigroup restated a “buy” rating on shares of Erste Group Bank in a report on Wednesday. Morgan Stanley restated an “overweight” rating on shares of Erste Group Bank in a research note on Wednesday. Zacks Research cut Erste Group Bank from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. The Goldman Sachs Group raised shares of Erste Group Bank to a “strong-buy” rating in a research note on Wednesday, July 8th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Erste Group Bank in a research report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

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.