Erste Group Bank (OTCMKTS:EBKDY) Sees Large Volume Increase – Should You Buy?

Erste Group Bank AG (OTCMKTS:EBKDY) shares saw an uptick in trading volume on Thursday . Approximately 210,775 shares changed hands during mid-day trading, an increase of 167% from the previous session’s volume of 78,957 shares.The stock last traded at $67.11 and had previously closed at $65.36.

Analysts Set New Price Targets

Several brokerages recently issued reports on EBKDY. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Erste Group Bank in a report on Friday, April 17th. Morgan Stanley restated an “overweight” rating on shares of Erste Group Bank in a research report on Wednesday, June 10th. Finally, Zacks Research cut Erste Group Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

Erste Group Bank Price Performance

The company has a 50-day moving average price of $60.98 and a 200-day moving average price of $60.01. The firm has a market capitalization of $52.11 billion, a PE ratio of 13.47, a P/E/G ratio of 0.67 and a beta of 0.84.

Erste Group Bank (OTCMKTS:EBKDY) last posted its quarterly earnings data on Thursday, April 30th. The financial services provider reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.05). Erste Group Bank had a return on equity of 10.96% and a net margin of 19.27%.The company had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $4.53 billion. On average, research analysts predict that Erste Group Bank AG will post 5.85 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.