Erste Group Bank (OTCMKTS:EBKDY) Releases Earnings Results, Beats Expectations By $0.01 EPS

Erste Group Bank (OTCMKTS:EBKDY) released its quarterly earnings data on Thursday. The financial services provider reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.01, Zacks reports. Erste Group Bank had a net margin of 19.27% and a return on equity of 10.96%.

Erste Group Bank Stock Up 2.1%

Shares of OTCMKTS:EBKDY traded up $1.33 during mid-day trading on Thursday, reaching $66.11. 136,827 shares of the stock were exchanged, compared to its average volume of 77,688. The stock’s 50 day simple moving average is $63.55 and its 200-day simple moving average is $60.58. Erste Group Bank has a one year low of $45.19 and a one year high of $68.28. The company has a market cap of $51.34 billion, a P/E ratio of 13.27, a P/E/G ratio of 0.65 and a beta of 0.84.

Analyst Ratings Changes

Several equities research analysts have commented on EBKDY shares. Citigroup reaffirmed a “buy” rating on shares of Erste Group Bank in a research note on Wednesday. Morgan Stanley restated an “overweight” rating on shares of Erste Group Bank in a research report on Wednesday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Erste Group Bank in a research note on Monday, July 20th. The Goldman Sachs Group upgraded Erste Group Bank to a “strong-buy” rating in a report on Wednesday, July 8th. Finally, Zacks Research downgraded Erste Group Bank from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

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.