Erste Group Bank (OTCMKTS:EBKDY) Shares Gap Up – Here’s Why

Erste Group Bank AG (OTCMKTS:EBKDY) gapped up prior to trading on Tuesday . The stock had previously closed at $63.59, but opened at $66.88. Erste Group Bank shares last traded at $65.8350, with a volume of 1,040 shares.

Analyst Upgrades and Downgrades

Several research firms have recently commented on EBKDY. Oddo Bhf downgraded shares of Erste Group Bank to a “neutral” rating in a report on Thursday, November 6th. Barclays raised Erste Group Bank from an “equal weight” rating to an “overweight” rating in a report on Tuesday, December 2nd. Morgan Stanley reissued an “overweight” rating on shares of Erste Group Bank in a research note on Monday, November 24th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Erste Group Bank in a report on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus 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 $50.49 billion, a PE ratio of 15.63, 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 issued its quarterly earnings results on Friday, October 31st. The financial services provider reported $1.29 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $3.30 billion. On average, equities analysts predict that Erste Group Bank AG will post 4.05 EPS 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.