Erste Group Bank (OTCMKTS:EBKDY) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Erste Group Bank AG (OTCMKTS:EBKDY) saw unusually-strong trading volume on Tuesday. Approximately 204,118 shares were traded during mid-day trading, an increase of 121% from the previous session’s volume of 92,403 shares. The stock last traded at $62.41 and had previously closed at $60.94.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Morgan Stanley restated an “overweight” rating on shares of Erste Group Bank in a research report on Wednesday, September 2nd. Zacks Research upgraded Erste Group Bank from a “strong sell” rating to a “hold” rating in a research report on Friday, August 7th. The Goldman Sachs Group raised Erste Group Bank to a “strong-buy” rating in a research note on Wednesday, July 8th. Oddo Bhf raised Erste Group Bank from a “neutral” rating to an “outperform” rating in a report on Thursday, August 6th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Erste Group Bank in a report on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy”.

Erste Group Bank Price Performance

The company has a market capitalization of $47.96 billion, a P/E ratio of 11.96, a P/E/G ratio of 0.62 and a beta of 0.92. The business’s 50-day simple moving average is $68.93 and its 200 day simple moving average is $64.06. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.20.

Erste Group Bank (OTCMKTS:EBKDY) last posted its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.01. Erste Group Bank had a net margin of 18.39% and a return on equity of 10.22%. The business had revenue of $4.62 billion during the quarter, compared to analysts’ expectations of $4.48 billion. As a group, sell-side analysts anticipate that Erste Group Bank AG will post 5.89 EPS for the current year.

Erste Group Bank Company Profile

Erste Group Bank AG is an Austria-based banking group serving retail customers, small and medium-sized businesses, corporate clients, and institutional customers. Its services include current and savings accounts, consumer and housing loans, mortgages, payment services, investment products, insurance-related offerings, corporate finance, and capital-markets services.

The group has its roots in Erste österreichische Spar-Casse, founded in Vienna in 1819. Through its banking subsidiaries, Erste Group provides financial services across Austria and several Central and Eastern European markets, including the Czech Republic, Slovakia, Romania, Hungary, Croatia, and Serbia.