Erste Group Bank (OTCMKTS:EBKDY) Sets New 12-Month High – Still a Buy?

Erste Group Bank AG (OTCMKTS:EBKDY)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $67.00 and last traded at $66.8785, with a volume of 12483 shares changing hands. The stock had previously closed at $65.39.

Wall Street Analyst Weigh In

A number of research firms have recently commented on EBKDY. Zacks Research downgraded Erste Group Bank from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Morgan Stanley reaffirmed an “overweight” rating on shares of Erste Group Bank in a research report on Wednesday, June 10th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Erste Group Bank in a report on Friday, April 17th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Erste Group Bank currently has an average rating of “Moderate Buy”.

Erste Group Bank Stock Up 1.0%

The business has a 50-day simple moving average of $58.92 and a two-hundred day simple moving average of $58.90. The company has a market cap of $51.30 billion, a price-to-earnings ratio of 13.26, a PEG ratio of 0.64 and a beta of 0.85.

Erste Group Bank (OTCMKTS:EBKDY) last announced 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 company had revenue of $4.60 billion during the quarter, compared to analyst estimates of $4.53 billion. As a group, equities analysts anticipate that Erste Group Bank AG will post 5.85 earnings per share for the current year.

Erste Group Bank Company Profile

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.