Erste Group Bank (OTCMKTS:EBKDY) Reaches New 12-Month High – Here’s Why

Shares of Erste Group Bank AG (OTCMKTS:EBKDY) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $58.54 and last traded at $58.2750, with a volume of 12550 shares. The stock had previously closed at $57.01.

Analyst Upgrades and Downgrades

Several brokerages recently commented on EBKDY. Oddo Bhf cut Erste Group Bank to a “neutral” rating in a research report on Thursday, November 6th. Barclays raised shares of Erste Group Bank from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, December 2nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Erste Group Bank in a report on Wednesday, November 5th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Erste Group Bank in a report on Monday, November 24th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Erste Group Bank Trading Up 0.8%

The company has a debt-to-equity ratio of 1.36, a current ratio of 0.15 and a quick ratio of 0.15. The firm has a market cap of $47.93 billion, a PE ratio of 14.03, a price-to-earnings-growth ratio of 0.94 and a beta of 0.86. The company’s 50 day moving average price is $52.58 and its 200 day moving average price is $48.34.

Erste Group Bank (OTCMKTS:EBKDY) last issued its quarterly earnings results on Friday, October 31st. The financial services provider reported $1.29 EPS for the quarter, beating the consensus estimate of $1.10 by $0.19. Erste Group Bank had a net margin of 17.36% and a return on equity of 9.85%. The company had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.30 billion. As a group, analysts forecast that Erste Group Bank AG will post 4.05 EPS for the current fiscal year.

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.