Erste Group Bank (OTCMKTS:EBKDY) Reaches New 52-Week High – Time to Buy?

Erste Group Bank AG (OTCMKTS:EBKDY) hit a new 52-week high during trading on Thursday . The company traded as high as $63.43 and last traded at $63.26, with a volume of 4378 shares changing hands. The stock had previously closed at $61.48.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on EBKDY shares. Oddo Bhf lowered Erste Group Bank to a “neutral” rating in a research note on Thursday, November 6th. Morgan Stanley reiterated an “overweight” rating on shares of Erste Group Bank in a research report on Monday, November 24th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Erste Group Bank in a research report on Wednesday, November 5th. Finally, Barclays upgraded shares of Erste Group Bank from an “equal weight” rating to an “overweight” rating in a report on Tuesday, December 2nd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Erste Group Bank Price Performance

The company has a market capitalization of $49.44 billion, a PE ratio of 15.30, a price-to-earnings-growth ratio of 0.65 and a beta of 0.85. 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 stock’s 50 day simple moving average is $57.54 and its 200-day simple moving average is $51.57.

Erste Group Bank (OTCMKTS:EBKDY) last issued its quarterly earnings results on Friday, October 31st. The financial services provider reported $1.29 EPS for the quarter, beating the consensus estimate of $1.10 by $0.19. The company had revenue of $3.38 billion during the quarter, compared to analysts’ expectations of $3.30 billion. Erste Group Bank had a net margin of 17.36% and a return on equity of 9.85%. As a group, equities analysts forecast 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 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.