Raiffeisen Bank International (OTCMKTS:RAIFY) Shares Gap Up – Here’s Why

Raiffeisen Bank International AG (OTCMKTS:RAIFY)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $11.40, but opened at $12.32. Raiffeisen Bank International shares last traded at $11.29, with a volume of 41,871 shares traded.

Analyst Upgrades and Downgrades

Separately, UBS Group upgraded Raiffeisen Bank International from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Raiffeisen Bank International currently has a consensus rating of “Buy”.

Raiffeisen Bank International Trading Up 5.4%

The stock’s 50 day moving average is $11.87 and its 200 day moving average is $10.18. The stock has a market capitalization of $15.16 billion, a price-to-earnings ratio of 10.67 and a beta of 1.10.

Raiffeisen Bank International (OTCMKTS:RAIFY) last announced its earnings results on Monday, March 2nd. The financial services provider reported $0.37 earnings per share (EPS) for the quarter. Raiffeisen Bank International had a net margin of 10.91% and a return on equity of 6.19%. The company had revenue of $2.63 billion during the quarter.

Raiffeisen Bank International Company Profile

Raiffeisen Bank International AG (RBI) is an Austrian banking group headquartered in Vienna, offering a diverse range of financial services. As a universal bank, RBI serves retail customers, small and medium-sized enterprises, and large corporates, with a particular focus on Central and Eastern Europe. The bank’s service portfolio encompasses everyday banking products, payment solutions, and digital services for individual clients, as well as cash management, trade finance, and structured lending for corporate and institutional customers.

In addition to traditional banking, RBI provides investment banking and capital markets services, including underwriting, debt and equity issuance, and advisory services.