Erste Group Bank (OTCMKTS:EBKDY) Sees Large Volume Increase – Should You Buy?

Erste Group Bank AG (OTCMKTS:EBKDY) shares saw unusually-high trading volume on Tuesday. 204,118 shares changed hands during trading, an increase of 121% from the previous session’s volume of 92,403 shares. The stock last traded at $62.41 and had previously closed at $60.94.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on EBKDY shares. Zacks Research raised Erste Group Bank from a “strong sell” rating to a “hold” rating in a research report on Friday, August 7th. Oddo Bhf upgraded Erste Group Bank from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Erste Group Bank in a research report on Monday, July 20th. The Goldman Sachs Group raised Erste Group Bank to a “strong-buy” rating in a research report on Wednesday, July 8th. Finally, Citigroup reaffirmed a “buy” rating on shares of Erste Group Bank in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy”.

Erste Group Bank Trading Up 2.1%

The company has a debt-to-equity ratio of 1.20, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market cap of $48.32 billion, a P/E ratio of 11.92, a P/E/G ratio of 0.61 and a beta of 0.92. The firm’s 50 day moving average price is $69.21 and its 200-day moving average price is $63.95.

Erste Group Bank (OTCMKTS:EBKDY) last posted its earnings results 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 business 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, equities research analysts forecast that Erste Group Bank AG will post 5.89 earnings per share for the current 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.