Erste Group Bank (OTCMKTS:EBKDY) Sees Strong Trading Volume – What’s Next?

Shares of Erste Group Bank AG (OTCMKTS:EBKDY) saw an uptick in trading volume on Friday . 128,752 shares traded hands during trading, an increase of 188% from the previous session’s volume of 44,632 shares.The stock last traded at $64.53 and had previously closed at $65.01.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Oddo Bhf lowered Erste Group Bank to a “neutral” rating in a research note on Thursday, November 6th. Morgan Stanley reissued an “overweight” rating on shares of Erste Group Bank in a research note on Monday, November 24th. Barclays raised shares of Erste Group Bank from an “equal weight” rating to an “overweight” rating in a report on Tuesday, December 2nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Erste Group Bank in a research note on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Erste Group Bank has an average rating of “Moderate Buy”.

Erste Group Bank Price Performance

The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 1.36. The company has a market capitalization of $50.04 billion, a PE ratio of 15.49, a price-to-earnings-growth ratio of 0.71 and a beta of 0.85. The stock’s 50-day moving average is $59.07 and its two-hundred day moving average is $52.42.

Erste Group Bank (OTCMKTS:EBKDY) last released its earnings results on Friday, October 31st. The financial services provider reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.19. Erste Group Bank had a return on equity of 9.85% and a net margin of 17.36%.The firm had revenue of $3.38 billion for the quarter, compared to analysts’ expectations of $3.30 billion. On average, equities analysts predict that Erste Group Bank AG will post 4.05 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.