Erste Group Bank AG Announces Dividend of $1.17 (OTCMKTS:EBKDY)

Erste Group Bank AG (OTCMKTS:EBKDY) announced a dividend on Thursday, May 22nd, investing.com reports. Investors of record on Wednesday, May 28th will be paid a dividend of 1.1657 per share by the financial services provider on Monday, June 9th. This represents a dividend yield of 2.89%. The ex-dividend date of this dividend is Tuesday, May 27th.

Erste Group Bank Stock Down 0.3%

Erste Group Bank stock opened at $40.22 on Friday. The company’s 50-day moving average price is $36.00 and its two-hundred day moving average price is $32.91. The stock has a market cap of $33.02 billion, a P/E ratio of 9.96, a P/E/G ratio of 1.08 and a beta of 1.03. Erste Group Bank has a twelve month low of $22.36 and a twelve month high of $41.44.

Erste Group Bank (OTCMKTS:EBKDY) last posted its earnings results on Wednesday, April 30th. The financial services provider reported $0.96 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.14). The firm had revenue of $3.21 billion during the quarter, compared to analyst estimates of $3.21 billion. Erste Group Bank had a net margin of 15.21% and a return on equity of 10.95%. Equities analysts anticipate that Erste Group Bank will post 4.05 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on EBKDY shares. Morgan Stanley reaffirmed an “overweight” rating on shares of Erste Group Bank in a report on Tuesday, May 13th. UBS Group downgraded shares of Erste Group Bank from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Finally, Citigroup lowered shares of Erste Group Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 10th. Four research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

About Erste Group Bank

Erste Group Bank AG provides a range of banking and other financial services to retail, corporate, and public sector customers. The company operates through Retail, Corporates, Group Markets, Asset/Liability Management & Local Corporate Center, Savings Banks, and Group Corporate Center segments. It provides mortgage and consumer loans, investment products, current accounts, savings products, and credit cards, as well as cross selling products, such as leasing, insurance, and building society products.