Erste Group Bank (OTCMKTS:EBKDY) Sees Large Volume Increase – Still a Buy?

Erste Group Bank AG (OTCMKTS:EBKDY) saw unusually-high trading volume on Wednesday . 401,016 shares traded hands during trading, an increase of 410% from the previous session’s volume of 78,594 shares.The stock last traded at $69.6135 and had previously closed at $70.19.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Erste Group Bank in a research report on Monday, July 20th. The Goldman Sachs Group upgraded shares of Erste Group Bank to a “strong-buy” rating in a research report on Wednesday, July 8th. Morgan Stanley reissued an “overweight” rating on shares of Erste Group Bank in a research note on Wednesday, September 2nd. Citigroup restated a “buy” rating on shares of Erste Group Bank in a report on Wednesday, July 29th. Finally, Oddo Bhf upgraded shares of Erste Group Bank from a “neutral” rating to an “outperform” rating in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

Erste Group Bank Trading Down 1.0%

The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.20. The firm has a market cap of $53.97 billion, a P/E ratio of 13.31, a P/E/G ratio of 0.69 and a beta of 0.85. The company’s 50 day simple moving average is $69.00 and its 200-day simple moving average is $62.74.

Erste Group Bank (OTCMKTS:EBKDY) last released its earnings results on Thursday, July 30th. The financial services provider reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.01. Erste Group Bank had a return on equity of 10.22% and a net margin of 18.39%.The business had revenue of $4.62 billion for the quarter, compared to analyst estimates of $4.48 billion. As a group, research analysts predict that Erste Group Bank AG will post 5.91 earnings per share 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.