Erste Group Bank (OTCMKTS:EBKDY) Sees Strong Trading Volume – Here’s Why

Erste Group Bank AG (OTCMKTS:EBKDY) saw an uptick in trading volume on Thursday . Approximately 210,775 shares were traded during mid-day trading, an increase of 167% from the previous session’s volume of 78,957 shares.The stock last traded at $67.11 and had previously closed at $65.36.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Erste Group Bank in a research note on Friday, April 17th. Morgan Stanley reaffirmed an “overweight” rating on shares of Erste Group Bank in a research report on Wednesday, June 10th. Finally, Zacks Research lowered Erste Group Bank from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Erste Group Bank Stock Performance

The stock’s fifty day simple moving average is $60.98 and its two-hundred day simple moving average is $60.01. The company has a market cap of $52.11 billion, a price-to-earnings ratio of 13.47, a price-to-earnings-growth ratio of 0.67 and a beta of 0.84.

Erste Group Bank (OTCMKTS:EBKDY) last released its quarterly earnings data on Thursday, April 30th. The financial services provider reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.05). The firm had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.53 billion. Erste Group Bank had a return on equity of 10.96% and a net margin of 19.27%. Analysts predict that Erste Group Bank AG will post 5.85 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.