Erste Group Bank AG (EBKDY) – What Are Investment Firms Saying About This Stock?

Erste Group Bank AG (OTCMKTS:EBKDY) has received an average rating of “Buy” from the seven brokerages that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company.

Several research firms have weighed in on EBKDY. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Erste Group Bank in a research report on Monday, July 20th. Morgan Stanley restated an “overweight” rating on shares of Erste Group Bank in a research note on Wednesday, September 2nd. Citigroup reiterated a “buy” rating on shares of Erste Group Bank in a research report on Wednesday, July 29th. The Goldman Sachs Group upgraded Erste Group Bank to a “strong-buy” rating in a research report on Wednesday, July 8th. Finally, Oddo Bhf raised shares of Erste Group Bank from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 6th.

Erste Group Bank Stock Performance

EBKDY opened at $60.77 on Friday. The firm has a 50 day moving average of $66.55 and a two-hundred day moving average of $62.75. The firm has a market capitalization of $47.20 billion, a PE ratio of 11.03, a P/E/G ratio of 0.60 and a beta of 0.99. 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 has a 12-month low of $50.56 and a 12-month high of $73.10.

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, topping the consensus estimate of $1.43 by $0.01. The company had revenue of $4.62 billion for the quarter, compared to analysts’ expectations of $4.48 billion. Erste Group Bank had a return on equity of 10.44% and a net margin of 18.44%. On average, analysts anticipate that Erste Group Bank will post 5.89 EPS for the current year.

Erste Group Bank Company Profile

Erste Group Bank AG is an Austria-based financial services group that provides banking and related services to retail customers, small and medium-sized businesses, corporations, public-sector organizations and institutional clients. Its offerings include deposit accounts, consumer and mortgage lending, business finance, payment services, investment products, securities trading and wealth management.

Founded in 1819 as Erste österreichische Spar-Casse, the group has developed into one of Central and Eastern Europe’s major banking organizations.