Erste Group Bank (OTCMKTS:EBKDY) Releases Quarterly Earnings Results, Hits Estimates

Erste Group Bank (OTCMKTS:EBKDY) posted its quarterly earnings results on Friday. The financial services provider reported $1.58 EPS for the quarter, hitting analysts’ consensus estimates of $1.58, Zacks reports. Erste Group Bank had a return on equity of 10.22% and a net margin of 18.39%.

Erste Group Bank Price Performance

Shares of OTCMKTS:EBKDY traded up $0.57 during mid-day trading on Friday, reaching $60.35. The stock had a trading volume of 550,715 shares, compared to its average volume of 94,723. The business’s 50 day moving average price is $66.73 and its 200 day moving average price is $62.75. Erste Group Bank has a 1 year low of $50.56 and a 1 year high of $73.10. The company has a market cap of $46.87 billion, a P/E ratio of 11.56, a price-to-earnings-growth ratio of 0.59 and a beta of 0.92. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.20.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on EBKDY shares. Zacks Research upgraded Erste Group Bank from a “strong sell” rating to a “hold” rating in a report on Friday, August 7th. Oddo Bhf upgraded shares of Erste Group Bank from a “neutral” rating to an “outperform” rating in a research report on Thursday, August 6th. Morgan Stanley reaffirmed an “overweight” rating on shares of Erste Group Bank in a research report on Wednesday, September 2nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Erste Group Bank in a report on Monday, July 20th. Finally, The Goldman Sachs Group raised Erste Group Bank to a “strong-buy” rating in a 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 assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy”.

Erste Group Bank Company Profile

Erste Group Bank AG is an Austria-based financial services group that provides banking and related services to retail customers, small and medium-sized businesses, corporations, public-sector organizations and institutional clients. Its offerings include deposit accounts, consumer and mortgage lending, business finance, payment services, investment products, securities trading and wealth management.

Founded in 1819 as Erste österreichische Spar-Casse, the group has developed into one of Central and Eastern Europe’s major banking organizations.