Erste Group Bank (OTCMKTS:EBKDY) Share Price Crosses Above 50 Day Moving Average – Time to Sell?

Erste Group Bank AG (OTCMKTS:EBKDY) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $62.19 and traded as high as $64.30. Erste Group Bank shares last traded at $64.30, with a volume of 49,202 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on EBKDY. Zacks Research lowered shares of Erste Group Bank from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. The Goldman Sachs Group upgraded shares of Erste Group Bank to a “strong-buy” rating in a report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Erste Group Bank in a research note on Friday, April 17th. Finally, Morgan Stanley restated an “overweight” rating on shares of Erste Group Bank in a research report on Wednesday, June 10th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Erste Group Bank Price Performance

The firm has a market cap of $49.94 billion, a price-to-earnings ratio of 12.91, a price-to-earnings-growth ratio of 0.65 and a beta of 0.84. The firm’s fifty day moving average is $62.19 and its 200-day moving average is $60.32.

Erste Group Bank (OTCMKTS:EBKDY) last issued its quarterly earnings results on Thursday, April 30th. The financial services provider reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.05). Erste Group Bank had a return on equity of 10.96% and a net margin of 19.27%.The business had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.53 billion. As a group, equities research analysts anticipate that Erste Group Bank AG will post 5.85 EPS for the current 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.