Erste Group Bank (OTCMKTS:EBKDY) Shares Gap Down – Here’s What Happened

Erste Group Bank AG (OTCMKTS:EBKDY) shares gapped down prior to trading on Thursday. The stock had previously closed at $69.66, but opened at $66.27. Erste Group Bank shares last traded at $66.00, with a volume of 1,678 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on EBKDY. Morgan Stanley reissued an “overweight” rating on shares of Erste Group Bank in a research report on Wednesday, September 2nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Erste Group Bank in a report on Monday, July 20th. Citigroup reissued a “buy” rating on shares of Erste Group Bank in a research note on Wednesday, July 29th. Oddo Bhf upgraded Erste Group Bank from a “neutral” rating to an “outperform” rating in a report on Thursday, August 6th. Finally, Zacks Research raised Erste Group Bank from a “strong sell” rating to a “hold” rating in a research report on Friday, August 7th. One equities 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 company’s stock. According to MarketBeat, Erste Group Bank currently has an average rating of “Buy”.

Erste Group Bank Price Performance

The firm has a market capitalization of $50.58 billion, a P/E ratio of 12.47, a P/E/G ratio of 0.69 and a beta of 0.85. The stock’s 50 day simple moving average is $69.56 and its 200 day simple moving average is $63.36. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.95 and a current ratio of 0.95.

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, beating the consensus estimate of $1.43 by $0.01. The firm had revenue of $4.62 billion during 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 10.22%. As a group, analysts expect that Erste Group Bank AG will post 5.89 earnings per share for the current fiscal year.

About Erste Group Bank

Erste Group Bank AG is an Austria-based banking group serving retail customers, small and medium-sized businesses, corporate clients, and institutional customers. Its services include current and savings accounts, consumer and housing loans, mortgages, payment services, investment products, insurance-related offerings, corporate finance, and capital-markets services.

The group has its roots in Erste österreichische Spar-Casse, founded in Vienna in 1819. Through its banking subsidiaries, Erste Group provides financial services across Austria and several Central and Eastern European markets, including the Czech Republic, Slovakia, Romania, Hungary, Croatia, and Serbia.