Erste Group Bank AG (OTCMKTS:EBKDY) Short Interest Update

Erste Group Bank AG (OTCMKTS:EBKDY) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 45,196 shares, an increase of 44.0% from the December 15th total of 31,390 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 87,303 shares, the days-to-cover ratio is currently 0.5 days. Based on an average trading volume of 87,303 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.0% of the company’s shares are sold short.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on EBKDY shares. Oddo Bhf downgraded Erste Group Bank to a “neutral” rating in a research note on Thursday, November 6th. Barclays raised Erste Group Bank from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, December 2nd. Morgan Stanley reiterated an “overweight” rating on shares of Erste Group Bank in a research note on Monday, November 24th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Erste Group Bank in a research note on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

Erste Group Bank Stock Performance

Shares of EBKDY stock opened at $61.19 on Friday. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.15 and a quick ratio of 0.15. The firm has a 50-day moving average of $57.12 and a 200-day moving average of $51.11. Erste Group Bank has a one year low of $29.50 and a one year high of $62.21. The company has a market cap of $50.24 billion, a P/E ratio of 14.71, a P/E/G ratio of 0.66 and a beta of 0.85.

Erste Group Bank (OTCMKTS:EBKDY) last issued its quarterly earnings data on Friday, October 31st. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.19. The business had revenue of $3.38 billion during the quarter, compared to the consensus estimate of $3.30 billion. Erste Group Bank had a net margin of 17.36% and a return on equity of 9.85%. Equities research analysts forecast that Erste Group Bank will post 4.05 EPS for the current fiscal 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.