Erste Group Bank (OTCMKTS:EBKDY) Share Price Passes Above 50-Day Moving Average – Here’s What Happened

Erste Group Bank AG (OTCMKTS:EBKDY) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $56.61 and traded as high as $56.7684. Erste Group Bank shares last traded at $56.19, with a volume of 35,533 shares changing hands.

Analyst Ratings Changes

EBKDY has been the subject of a number of recent analyst reports. Citigroup raised Erste Group Bank to a “strong-buy” rating in a research report on Wednesday, February 11th. Zacks Research lowered Erste Group Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Erste Group Bank in a research report on Friday, April 17th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Erste Group Bank Stock Performance

The business has a 50-day simple moving average of $56.61 and a 200 day simple moving average of $57.87. The firm has a market cap of $43.64 billion, a P/E ratio of 11.28, a price-to-earnings-growth ratio of 0.56 and a beta of 0.84.

Erste Group Bank (OTCMKTS:EBKDY) last released its quarterly earnings results on Thursday, April 30th. The financial services provider reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.05). The business had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $4.53 billion. Erste Group Bank had a net margin of 19.27% and a return on equity of 10.96%. On average, research analysts expect that Erste Group Bank AG will post 5.85 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.