Erste Group Bank (OTCMKTS:EBKDY) Hits New 52-Week High – Here’s Why

Erste Group Bank AG (OTCMKTS:EBKDY)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $68.39 and last traded at $67.74, with a volume of 157089 shares changing hands. The stock had previously closed at $66.54.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on EBKDY shares. Morgan Stanley reissued an “overweight” rating on shares of Erste Group Bank in a research note on Wednesday, July 29th. Citigroup reaffirmed a “buy” rating on shares of Erste Group Bank in a report on Wednesday, July 29th. Zacks Research lowered shares of Erste Group Bank from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Erste Group Bank in a research note on Monday, July 20th. Finally, The Goldman Sachs Group upgraded shares of Erste Group Bank to a “strong-buy” rating in a research report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Erste Group Bank Trading Up 2.0%

The company has a market cap of $52.70 billion, a PE ratio of 13.00, a price-to-earnings-growth ratio of 0.65 and a beta of 0.85. The business has a fifty day simple moving average of $64.08 and a two-hundred day simple moving average of $60.70.

Erste Group Bank (OTCMKTS:EBKDY) last posted its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.01. The firm had revenue of $4.62 billion for the quarter, compared to the consensus estimate of $4.48 billion. Erste Group Bank had a net margin of 18.39% and a return on equity of 11.32%. Equities analysts expect that Erste Group Bank AG will post 5.84 EPS 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.