Erste Group Bank (OTCMKTS:EBKDY) Reaches New 52-Week High – What’s Next?

Erste Group Bank AG (OTCMKTS:EBKDY) reached a new 52-week high on Thursday . The company traded as high as $73.10 and last traded at $72.90, with a volume of 24305 shares changing hands. The stock had previously closed at $72.32.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. The Goldman Sachs Group raised Erste Group Bank to a “strong-buy” rating in a report on Wednesday, July 8th. Zacks Research upgraded Erste Group Bank from a “strong sell” rating to a “hold” rating in a research report on Friday, August 7th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Erste Group Bank in a research report on Monday, July 20th. Morgan Stanley reissued an “overweight” rating on shares of Erste Group Bank in a report on Wednesday, July 29th. Finally, Oddo Bhf raised shares of Erste Group Bank from a “neutral” rating to an “outperform” rating in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Erste Group Bank has an average rating of “Buy”.

Erste Group Bank Stock Performance

The stock has a 50-day moving average of $67.67 and a 200 day moving average of $61.67. The firm has a market capitalization of $55.30 billion, a P/E ratio of 13.64, a price-to-earnings-growth ratio of 0.70 and a beta of 0.85.

Erste Group Bank (OTCMKTS:EBKDY) last posted its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.43 by $0.01. The company had revenue of $4.62 billion for the quarter, compared to analyst estimates of $4.48 billion. Erste Group Bank had a return on equity of 11.32% and a net margin of 18.39%. On average, equities analysts predict that Erste Group Bank AG will post 5.91 EPS for the current 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.