Erste Group Bank AG (OTCMKTS:EBKDY) Short Interest Update

Erste Group Bank AG (OTCMKTS:EBKDY) was the target of a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 25,861 shares, a decline of 42.8% from the December 31st total of 45,196 shares. Based on an average trading volume of 81,499 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the company’s shares are sold short. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 81,499 shares, the days-to-cover ratio is presently 0.3 days.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Erste Group Bank in a research report on Wednesday, November 5th. Barclays raised shares of Erste Group Bank from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, December 2nd. Oddo Bhf lowered shares of Erste Group Bank to a “neutral” rating in a research note on Thursday, November 6th. Finally, Morgan Stanley reiterated 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 given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Erste Group Bank presently has a consensus rating of “Moderate Buy”.

Erste Group Bank Stock Performance

OTCMKTS EBKDY opened at $65.01 on Friday. Erste Group Bank has a 52-week low of $29.50 and a 52-week high of $66.88. 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 capitalization of $50.49 billion, a price-to-earnings ratio of 15.63, a P/E/G ratio of 0.71 and a beta of 0.85. The company’s fifty day moving average is $59.07 and its two-hundred day moving average is $52.42.

Erste Group Bank (OTCMKTS:EBKDY) last released its quarterly earnings data on Friday, October 31st. The financial services provider reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.19. Erste Group Bank had a return on equity of 9.85% and a net margin of 17.36%.The company had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.30 billion. Equities research analysts forecast that Erste Group Bank will post 4.05 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.