Erste Group Bank (OTCMKTS:EBKDY) Hits New 12-Month High – What’s Next?

Shares of Erste Group Bank AG (OTCMKTS:EBKDY) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $71.22 and last traded at $71.22, with a volume of 6802 shares changing hands. The stock had previously closed at $70.3260.

Analysts Set New Price Targets

Several research firms have weighed in on EBKDY. Zacks Research raised Erste Group Bank from a “strong sell” rating to a “hold” rating in a research report on Friday, August 7th. Citigroup reaffirmed a “buy” rating on shares of Erste Group Bank in a research report on Wednesday, July 29th. The Goldman Sachs Group upgraded Erste Group Bank to a “strong-buy” rating in a research note on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Erste Group Bank in a report on Monday, July 20th. Finally, Morgan Stanley restated an “overweight” rating on shares of Erste Group Bank in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

Erste Group Bank Trading Up 0.3%

The business has a 50-day moving average price of $66.02 and a 200 day moving average price of $61.22. The stock has a market cap of $55.17 billion, a PE ratio of 13.61, a PEG ratio of 0.70 and a beta of 0.85.

Erste Group Bank (OTCMKTS:EBKDY) last announced its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.01. The company had revenue of $4.62 billion during the quarter, compared to analyst estimates of $4.48 billion. Erste Group Bank had a return on equity of 11.32% and a net margin of 18.39%. On average, equities analysts predict that Erste Group Bank AG will post 5.91 earnings per share for the current 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.