Short Interest in Erste Group Bank AG (OTCMKTS:EBKDY) Decreases By 91.7%

Erste Group Bank AG (OTCMKTS:EBKDY) was the recipient of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 826 shares, a drop of 91.7% from the June 30th total of 9,998 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 118,266 shares, the short-interest ratio is presently 0.0 days.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on EBKDY. Morgan Stanley reissued an “overweight” rating on shares of Erste Group Bank in a research report on Wednesday, June 10th. Zacks Research lowered shares of Erste Group Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Erste Group Bank in a research note on Monday. Finally, The Goldman Sachs Group raised shares of Erste Group Bank to a “strong-buy” rating in a report on Wednesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Erste Group Bank has an average rating of “Moderate Buy”.

Erste Group Bank Price Performance

Erste Group Bank stock traded up $1.23 during mid-day trading on Friday, reaching $65.44. 27,986 shares of the company were exchanged, compared to its average volume of 78,522. The company has a fifty day simple moving average of $62.85 and a 200-day simple moving average of $60.47. Erste Group Bank has a 12 month low of $45.19 and a 12 month high of $68.28. The firm has a market cap of $50.83 billion, a PE ratio of 13.14, a PEG ratio of 0.66 and a beta of 0.84.

Erste Group Bank (OTCMKTS:EBKDY) last announced its quarterly earnings data on Thursday, April 30th. The financial services provider reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.05). The company had revenue of $4.60 billion during the quarter, compared to analyst estimates of $4.53 billion. Erste Group Bank had a net margin of 19.27% and a return on equity of 10.96%. Sell-side analysts anticipate that Erste Group Bank will post 5.85 earnings per share 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.