Erste Group Bank (OTCMKTS:EBKDY) Stock Falls 6.8% – Should You Sell?

Erste Group Bank AG (OTCMKTS:EBKDY) fell 6.8% during trading on Friday. The company traded as low as $63.39 and last traded at $63.83. 2,923 shares changed hands during trading, a decline of 97% from the average daily volume of 94,068 shares. The stock had previously closed at $68.50.

Wall Street Analysts Forecast Growth

EBKDY has been the subject of several research analyst reports. Zacks Research raised shares of Erste Group Bank from a “strong sell” rating to a “hold” rating in a research report on Friday, August 7th. Morgan Stanley reiterated an “overweight” rating on shares of Erste Group Bank in a research note on Wednesday, September 2nd. Citigroup reissued a “buy” rating on shares of Erste Group Bank in a report on Wednesday, July 29th. Oddo Bhf raised Erste Group Bank from a “neutral” rating to an “outperform” rating in a report on Thursday, August 6th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Erste Group Bank in a report on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

Erste Group Bank Stock Performance

The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market capitalization of $49.71 billion, a P/E ratio of 12.26, a P/E/G ratio of 0.68 and a beta of 0.92. The stock has a 50 day moving average of $69.57 and a 200 day moving average of $63.45.

Erste Group Bank (OTCMKTS:EBKDY) last released its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.01. The business had revenue of $4.62 billion for the quarter, compared to analysts’ expectations of $4.48 billion. Erste Group Bank had a net margin of 18.39% and a return on equity of 10.22%. Equities analysts predict that Erste Group Bank AG will post 5.89 EPS for the current year.

Erste Group Bank Company Profile

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.