Erste Group Bank (OTCMKTS:EBKDY) Sees Strong Trading Volume – Here’s What Happened

Erste Group Bank AG (OTCMKTS:EBKDY) saw an uptick in trading volume on Thursday . 328,056 shares traded hands during trading, an increase of 361% from the previous session’s volume of 71,170 shares.The stock last traded at $70.33 and had previously closed at $67.3350.

Analysts Set New Price Targets

EBKDY has been the subject of a number of recent analyst reports. The Goldman Sachs Group raised Erste Group Bank to a “strong-buy” rating in a research report on Wednesday, July 8th. Zacks Research upgraded shares of Erste Group Bank from a “strong sell” rating to a “hold” rating in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Erste Group Bank in a report on Monday, July 20th. Oddo Bhf upgraded Erste Group Bank from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 6th. Finally, Citigroup reissued a “buy” rating on shares of Erste Group Bank in a research report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy”.

Erste Group Bank Price Performance

The company has a debt-to-equity ratio of 1.20, a current ratio of 0.95 and a quick ratio of 0.95. The company has a fifty day moving average price of $68.75 and a 200 day moving average price of $62.40. The company has a market capitalization of $54.59 billion, a P/E ratio of 13.46, a price-to-earnings-growth ratio of 0.67 and a beta of 0.85.

Erste Group Bank (OTCMKTS:EBKDY) last issued its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.01. The firm had revenue of $4.62 billion for the quarter, compared to the consensus estimate of $4.48 billion. Erste Group Bank had a net margin of 18.39% and a return on equity of 10.22%. On average, sell-side analysts forecast that Erste Group Bank AG will post 5.93 EPS for the current fiscal year.

Erste Group Bank Company Profile

Erste Group Bank AG is an Austrian financial services company headquartered in Vienna. Founded in 1819 as Erste österreichische Spar-Casse, the group has developed into one of Central and Eastern Europe’s major banking organizations. Its ordinary shares are listed on the Vienna Stock Exchange, while its American depositary receipts trade over the counter in the United States under the symbol EBKDY.

The company provides retail and commercial banking services, including current and savings accounts, consumer and mortgage lending, payment services, investment products, and insurance-related offerings.