Erste Group Bank (OTCMKTS:EBKDY) Sees Unusually-High Trading Volume – What’s Next?

Erste Group Bank AG (OTCMKTS:EBKDY) shares saw unusually-strong trading volume on Friday. 538,053 shares were traded during mid-day trading, an increase of 476% from the average daily volume of 93,452 shares. The stock last traded at $60.3350 and had previously closed at $59.78.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Erste Group Bank in a research report on Monday, July 20th. Morgan Stanley reiterated an “overweight” rating on shares of Erste Group Bank in a report on Wednesday, September 2nd. The Goldman Sachs Group raised shares of Erste Group Bank to a “strong-buy” rating in a research note on Wednesday, July 8th. Oddo Bhf raised shares of Erste Group Bank from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 6th. Finally, Zacks Research upgraded shares of Erste Group Bank from a “strong sell” rating to a “hold” rating in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Erste Group Bank currently has an average rating of “Buy”.

Erste Group Bank Price Performance

The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.20. The firm has a market cap of $47.20 billion, a price-to-earnings ratio of 11.03, a price-to-earnings-growth ratio of 0.60 and a beta of 0.92. The stock has a 50-day moving average of $66.55 and a two-hundred day moving average of $62.75.

Erste Group Bank (OTCMKTS:EBKDY) last posted its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.01. The company had revenue of $4.62 billion during the quarter, compared to analyst estimates of $4.48 billion. Erste Group Bank had a net margin of 18.39% and a return on equity of 10.22%. On average, analysts anticipate that Erste Group Bank AG will post 5.89 EPS for the current year.

About Erste Group Bank

Erste Group Bank AG is an Austria-based financial services group that provides banking and related services to retail customers, small and medium-sized businesses, corporations, public-sector organizations and institutional clients. Its offerings include deposit accounts, consumer and mortgage lending, business finance, payment services, investment products, securities trading and wealth management.

Founded in 1819 as Erste österreichische Spar-Casse, the group has developed into one of Central and Eastern Europe’s major banking organizations.