Erste Group Bank (OTCMKTS:EBKDY – Get Free Report) posted its quarterly earnings results on Thursday. The financial services provider reported $1.26 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.11), Zacks reports. Erste Group Bank had a net margin of 18.68% and a return on equity of 10.66%.
Erste Group Bank Stock Performance
Shares of OTCMKTS:EBKDY traded down $2.68 during trading on Thursday, reaching $55.78. 38,396 shares of the stock were exchanged, compared to its average volume of 96,695. Erste Group Bank has a 12-month low of $32.89 and a 12-month high of $66.88. The firm has a market cap of $43.32 billion, a price-to-earnings ratio of 11.92, a price-to-earnings-growth ratio of 0.59 and a beta of 0.89. The firm’s 50-day moving average price is $57.15 and its 200 day moving average price is $57.13.
Analyst Upgrades and Downgrades
Several analysts have commented on the company. Zacks Research cut Erste Group Bank from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Erste Group Bank in a report on Friday, April 17th. Finally, Citigroup upgraded Erste Group Bank to a “strong-buy” rating in a report on Wednesday, February 11th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Erste Group Bank currently has an average rating of “Moderate Buy”.
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.
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