Erste Group Bank (OTCMKTS:EBKDY) Sets New 12-Month High – Here’s Why

Erste Group Bank AG (OTCMKTS:EBKDY)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $58.54 and last traded at $58.2750, with a volume of 12550 shares. The stock had previously closed at $57.01.

Analyst Ratings Changes

EBKDY has been the topic of a number of recent analyst reports. Oddo Bhf downgraded Erste Group Bank to a “neutral” rating in a report on Thursday, November 6th. Barclays raised shares of Erste Group Bank from an “equal weight” rating to an “overweight” rating in a report on Tuesday, December 2nd. Morgan Stanley restated an “overweight” rating on shares of Erste Group Bank in a report on Monday, November 24th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Erste Group Bank in a research report on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Erste Group Bank Stock Performance

The company has a market cap of $47.87 billion, a PE ratio of 14.02, a PEG ratio of 0.92 and a beta of 0.86. The stock has a 50 day simple moving average of $52.03 and a two-hundred day simple moving average of $48.07. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.15 and a quick ratio of 0.15.

Erste Group Bank (OTCMKTS:EBKDY) last announced its earnings results on Friday, October 31st. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.19. The business had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.30 billion. Erste Group Bank had a net margin of 17.36% and a return on equity of 9.85%. Equities analysts predict that Erste Group Bank AG will post 4.05 EPS for the current year.

About Erste Group Bank

Erste Group Bank AG provides a range of banking and other financial services to retail, corporate, and public sector customers. The company operates through Retail, Corporates, Group Markets, Asset/Liability Management & Local Corporate Center, Savings Banks, and Group Corporate Center segments. It provides mortgage and consumer loans, investment products, current accounts, savings products, and credit cards, as well as cross selling products, such as leasing, insurance, and building society products.