Erste Group Bank (OTCMKTS:EBKDY) Reaches New 1-Year High – What’s Next?

Erste Group Bank AG (OTCMKTS:EBKDY)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $71.22 and last traded at $71.22, with a volume of 6802 shares. The stock had previously closed at $70.3260.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on EBKDY shares. Morgan Stanley reissued an “overweight” rating on shares of Erste Group Bank in a report on Wednesday, July 29th. Oddo Bhf raised shares of Erste Group Bank from a “neutral” rating to an “outperform” rating in a research note on Thursday, August 6th. Zacks Research raised shares of Erste Group Bank from a “strong sell” rating to a “hold” rating in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Erste Group Bank in a report on Monday, July 20th. Finally, The Goldman Sachs Group upgraded shares of Erste Group Bank to a “strong-buy” rating in a research report on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

Erste Group Bank Stock Performance

The firm has a market capitalization of $54.91 billion, a price-to-earnings ratio of 13.54, a P/E/G ratio of 0.68 and a beta of 0.85. The company has a 50 day moving average price of $65.53 and a two-hundred day moving average price of $61.10.

Erste Group Bank (OTCMKTS:EBKDY) last released its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.01. The firm had revenue of $4.62 billion for the quarter, compared to analysts’ expectations of $4.48 billion. Erste Group Bank had a net margin of 18.39% and a return on equity of 11.32%. On average, equities analysts expect that Erste Group Bank AG will post 5.91 earnings per share for the current fiscal 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.