Erste Group Bank (OTCMKTS:EBKDY) Share Price Passes Above 50-Day Moving Average – What’s Next?

Shares of Erste Group Bank AG (OTCMKTS:EBKDY) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $59.86 and traded as high as $65.28. Erste Group Bank shares last traded at $64.97, with a volume of 30,051 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on EBKDY shares. Morgan Stanley reissued an “overweight” rating on shares of Erste Group Bank in a research report on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Erste Group Bank in a research note on Friday, April 17th. Finally, Zacks Research downgraded shares of 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, three have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Erste Group Bank currently has a consensus rating of “Moderate Buy”.

Erste Group Bank Trading Down 1.6%

The stock has a market capitalization of $50.84 billion, a P/E ratio of 13.14, a P/E/G ratio of 0.66 and a beta of 0.85. The business has a 50-day moving average price of $59.99 and a two-hundred day moving average price of $59.47.

Erste Group Bank (OTCMKTS:EBKDY) last posted its quarterly earnings results 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). Erste Group Bank had a net margin of 19.27% and a return on equity of 10.96%. The company had revenue of $4.60 billion during the quarter, compared to analyst estimates of $4.53 billion. On average, sell-side analysts forecast that Erste Group Bank AG will post 5.85 earnings per share for the current fiscal year.

About Erste Group Bank

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.