Erste Group Bank (OTCMKTS:EBKDY) Shares Gap Up – Here’s What Happened

Erste Group Bank AG (OTCMKTS:EBKDY)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $63.59, but opened at $66.88. Erste Group Bank shares last traded at $65.8350, with a volume of 1,040 shares traded.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on EBKDY shares. Barclays raised Erste Group Bank from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, December 2nd. Morgan Stanley reissued an “overweight” rating on shares of Erste Group Bank in a research note on Monday, November 24th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Erste Group Bank in a research note on Wednesday, November 5th. Finally, Oddo Bhf cut shares of Erste Group Bank to a “neutral” rating in a research report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Erste Group Bank presently has a consensus rating of “Moderate Buy”.

Erste Group Bank Stock Performance

The company has a market cap of $51.27 billion, a PE ratio of 15.87, a price-to-earnings-growth ratio of 0.68 and a beta of 0.85. The firm has a fifty day simple moving average of $58.20 and a 200-day simple moving average of $52.07. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 1.36.

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, topping analysts’ consensus estimates of $1.10 by $0.19. Erste Group Bank had a return on equity of 9.85% and a net margin of 17.36%.The business had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.30 billion. On average, research analysts forecast that Erste Group Bank AG will post 4.05 EPS 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.