Erste Group Bank AG (OTCMKTS:EBKDY) Receives Average Rating of “Buy” from Brokerages

Erste Group Bank AG (OTCMKTS:EBKDY) has received an average rating of “Buy” from the seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company.

Several equities analysts have recently issued reports on the stock. The Goldman Sachs Group upgraded shares of Erste Group Bank to a “strong-buy” rating in a report on Wednesday, July 8th. Oddo Bhf upgraded shares of Erste Group Bank from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Erste Group Bank in a research report on Monday, July 20th. Zacks Research upgraded shares of Erste Group Bank from a “strong sell” rating to a “hold” rating in a research note on Friday, August 7th. Finally, Citigroup reaffirmed a “buy” rating on shares of Erste Group Bank in a report on Wednesday, July 29th.

Erste Group Bank Stock Down 1.8%

Shares of EBKDY stock opened at $67.33 on Thursday. Erste Group Bank has a 1-year low of $47.02 and a 1-year high of $73.10. The stock’s fifty day moving average price is $68.75 and its 200 day moving average price is $62.40. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market cap of $52.30 billion, a price-to-earnings ratio of 12.90, a price-to-earnings-growth ratio of 0.67 and a beta of 0.85.

Erste Group Bank (OTCMKTS:EBKDY) last released its quarterly earnings results 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 analysts’ expectations of $4.48 billion. Erste Group Bank had a return on equity of 10.22% and a net margin of 18.39%. On average, research analysts expect that Erste Group Bank will post 5.93 earnings per share for the current fiscal year.

About Erste Group Bank

Erste Group Bank AG is an Austrian financial services company headquartered in Vienna. Founded in 1819 as Erste österreichische Spar-Casse, the group has developed into one of Central and Eastern Europe’s major banking organizations. Its ordinary shares are listed on the Vienna Stock Exchange, while its American depositary receipts trade over the counter in the United States under the symbol EBKDY.

The company provides retail and commercial banking services, including current and savings accounts, consumer and mortgage lending, payment services, investment products, and insurance-related offerings.