Erste Group Bank (OTCMKTS:EBKDY) Reaches New 1-Year High – Should You Buy?

Shares of Erste Group Bank AG (OTCMKTS:EBKDY) hit a new 52-week high on Monday . The stock traded as high as $68.0190 and last traded at $68.01, with a volume of 15803 shares changing hands. The stock had previously closed at $67.42.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on EBKDY shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Erste Group Bank in a report on Friday, April 17th. Zacks Research cut shares of Erste Group Bank from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Finally, Morgan Stanley restated an “overweight” rating on shares of Erste Group Bank in a report on Wednesday, June 10th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Erste Group Bank presently has an average rating of “Moderate Buy”.

Erste Group Bank Trading Down 3.1%

The business has a fifty day moving average price of $60.85 and a two-hundred day moving average price of $59.96. The firm has a market capitalization of $50.73 billion, a PE ratio of 13.11, a PEG ratio of 0.68 and a beta of 0.84.

Erste Group Bank (OTCMKTS:EBKDY) last posted its 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). The company had revenue of $4.60 billion during the quarter, compared to analyst estimates of $4.53 billion. Erste Group Bank had a net margin of 19.27% and a return on equity of 10.96%. On average, equities 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.