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

Erste Group Bank AG (OTCMKTS:EBKDY) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 45,196 shares, a growth of 44.0% from the December 15th total of 31,390 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 87,303 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily volume of 87,303 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.0% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Barclays raised shares of Erste Group Bank from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, December 2nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Erste Group Bank in a research note on Wednesday, November 5th. Oddo Bhf downgraded 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 investment 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Erste Group Bank Stock Up 0.4%

Shares of EBKDY opened at $61.19 on Friday. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 1.36. Erste Group Bank has a 12 month low of $29.50 and a 12 month high of $62.21. The firm’s 50 day moving average is $57.12 and its 200-day moving average is $51.11. The stock has a market capitalization of $50.24 billion, a PE ratio of 14.71, a P/E/G ratio of 0.66 and a beta of 0.85.

Erste Group Bank (OTCMKTS:EBKDY) last posted its quarterly earnings data on Friday, October 31st. The financial services provider reported $1.29 earnings per share for the quarter, topping 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 business had revenue of $3.38 billion during the quarter, compared to analysts’ expectations 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.