Erste Group Bank (OTCMKTS:EBKDY) Shares Gap Up – Time to Buy?

Shares of Erste Group Bank AG (OTCMKTS:EBKDY) gapped up before the market opened on Wednesday . The stock had previously closed at $50.74, but opened at $52.66. Erste Group Bank shares last traded at $52.1956, with a volume of 2,198 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on EBKDY shares. Oddo Bhf cut shares of Erste Group Bank to a “neutral” rating in a research note on Thursday, November 6th. Cfra Research upgraded shares of Erste Group Bank to a “hold” rating in a research report on Tuesday, August 5th. Morgan Stanley restated an “overweight” rating on shares of Erste Group Bank in a research report on Tuesday, September 2nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Erste Group Bank in a report on Wednesday, November 5th. Finally, Zacks Research raised Erste Group Bank to a “hold” rating in a report on Monday, August 11th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Erste Group Bank Price Performance

The stock has a market cap of $42.19 billion, a price-to-earnings ratio of 12.69, a PEG ratio of 0.83 and a beta of 1.08. The firm has a fifty day moving average of $50.01 and a 200 day moving average of $46.10.

Erste Group Bank (OTCMKTS:EBKDY) last issued its earnings results on Friday, October 31st. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.19. Erste Group Bank had a return on equity of 10.08% and a net margin of 16.96%.The company had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.30 billion. Research analysts anticipate that Erste Group Bank AG will post 4.05 earnings per share for the current fiscal year.

Erste Group Bank Company Profile

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.