Erste Group Bank AG (OTCMKTS:EBKDY) Short Interest Down 51.0% in August

Erste Group Bank AG (OTCMKTS:EBKDY) was the recipient of a large drop in short interest in August. As of August 14th, there was short interest totaling 15,025 shares, a drop of 51.0% from the July 30th total of 30,669 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 77,679 shares, the days-to-cover ratio is currently 0.2 days.

Analysts Set New Price Targets

EBKDY has been the topic of a number of research analyst reports. Oddo Bhf raised Erste Group Bank from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 6th. Citigroup reiterated a “buy” rating on shares of Erste Group Bank in a report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Erste Group Bank in a research report on Monday, July 20th. The Goldman Sachs Group raised Erste Group Bank to a “strong-buy” rating in a report on Wednesday, July 8th. Finally, Zacks Research upgraded Erste Group Bank from a “strong sell” rating to a “hold” rating in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy”.

Erste Group Bank Price Performance

Erste Group Bank stock traded down $0.16 during mid-day trading on Monday, hitting $71.04. The company’s stock had a trading volume of 3,817 shares, compared to its average volume of 73,356. The stock has a market cap of $55.18 billion, a price-to-earnings ratio of 13.61, a price-to-earnings-growth ratio of 0.70 and a beta of 0.85. The business has a 50 day moving average price of $67.67 and a 200-day moving average price of $61.64. Erste Group Bank has a 12 month low of $47.02 and a 12 month high of $73.10.

Erste Group Bank (OTCMKTS:EBKDY) last posted its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.01. Erste Group Bank had a net margin of 18.39% and a return on equity of 11.32%. The business had revenue of $4.62 billion during the quarter, compared to analyst estimates of $4.48 billion. On average, equities research analysts expect that Erste Group Bank will post 5.91 earnings per share for the current fiscal year.

About Erste Group Bank

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.