Erste Group Bank (OTCMKTS:EBKDY) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Erste Group Bank (OTCMKTS:EBKDY) released its quarterly earnings data on Thursday. The financial services provider reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.01, Zacks reports. Erste Group Bank had a return on equity of 10.96% and a net margin of 19.27%.

Erste Group Bank Stock Up 2.2%

Erste Group Bank stock traded up $1.43 during mid-day trading on Thursday, reaching $66.19. 141,241 shares of the company’s stock traded hands, compared to its average volume of 77,697. Erste Group Bank has a 12-month low of $45.19 and a 12-month high of $68.28. The stock has a 50 day moving average of $63.55 and a two-hundred day moving average of $60.58. The company has a market cap of $51.41 billion, a price-to-earnings ratio of 13.29, a PEG ratio of 0.65 and a beta of 0.84.

Wall Street Analysts Forecast Growth

EBKDY has been the topic of a number of research analyst reports. Zacks Research cut Erste Group Bank from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Erste Group Bank in a report on Monday, July 20th. Morgan Stanley reaffirmed an “overweight” rating on shares of Erste Group Bank in a research note on Wednesday. The Goldman Sachs Group upgraded shares of Erste Group Bank to a “strong-buy” rating in a report on Wednesday, July 8th. Finally, Citigroup reiterated a “buy” rating on shares of Erste Group Bank in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

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.