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

Erste Group Bank AG (OTCMKTS:EBKDY)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $67.0090 and last traded at $66.7795, with a volume of 17278 shares trading hands. The stock had previously closed at $65.97.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on EBKDY. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Erste Group Bank in a research report on Friday, April 17th. Morgan Stanley restated an “overweight” rating on shares of Erste Group Bank in a research report on Wednesday, June 10th. Finally, Zacks Research downgraded Erste Group Bank from a “strong-buy” rating to a “hold” rating in a research note 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 assigned a Hold rating to the company. According to data from MarketBeat.com, Erste Group Bank has an average rating of “Moderate Buy”.

Erste Group Bank Stock Up 2.4%

The firm has a market cap of $52.25 billion, a price-to-earnings ratio of 13.51, a price-to-earnings-growth ratio of 0.66 and a beta of 0.84. The company’s 50-day moving average price is $60.19 and its 200-day moving average price is $59.67.

Erste Group Bank (OTCMKTS:EBKDY) last released its quarterly 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). Erste Group Bank had a return on equity of 10.96% and a net margin of 19.27%.The company had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.53 billion. Analysts predict that Erste Group Bank AG will post 5.85 earnings per share 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.