Erste Group Bank (OTCMKTS:EBKDY) Stock Price Passes Above 50-Day Moving Average – Should You Sell?

Erste Group Bank AG (OTCMKTS:EBKDY) shares crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $58.08 and traded as high as $59.78. Erste Group Bank shares last traded at $59.0848, with a volume of 34,312 shares traded.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on EBKDY. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Erste Group Bank in a research note on Friday, April 17th. Citigroup upgraded Erste Group Bank to a “strong-buy” rating in a report on Wednesday, February 11th. Finally, Zacks Research downgraded shares of Erste Group Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Erste Group Bank has an average rating of “Moderate Buy”.

Erste Group Bank Stock Up 2.3%

The stock has a market capitalization of $45.89 billion, a P/E ratio of 11.86, a PEG ratio of 0.57 and a beta of 0.85. The company has a 50 day moving average of $58.08 and a 200-day moving average of $58.54.

Erste Group Bank (OTCMKTS:EBKDY) last released its earnings results on Thursday, April 30th. The financial services provider reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.05). The business had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $4.53 billion. Erste Group Bank had a net margin of 19.27% and a return on equity of 10.96%. Equities analysts forecast 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.