Erste Group Bank AG (OTCMKTS:EBKDY) Short Interest Update

Erste Group Bank AG (OTCMKTS:EBKDY) was the target of a large drop in short interest in August. As of August 31st, there was short interest totaling 9,434 shares, a drop of 37.2% from the August 15th total of 15,025 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 63,555 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

EBKDY has been the topic of several recent research reports. Oddo Bhf raised Erste Group Bank from a “neutral” rating to an “outperform” rating in a report on Thursday, August 6th. Citigroup reissued a “buy” rating on shares of Erste Group Bank in a report on Wednesday, July 29th. Zacks Research upgraded shares of Erste Group Bank from a “strong sell” rating to a “hold” rating in a research report on Friday, August 7th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Erste Group Bank in a research report on Monday, July 20th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Erste Group Bank in a research report on Wednesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Erste Group Bank Stock Performance

OTCMKTS EBKDY opened at $67.33 on Thursday. The business’s 50 day moving average price is $68.75 and its 200-day moving average price is $62.40. Erste Group Bank has a fifty-two week low of $47.02 and a fifty-two week high of $73.10. The company has a market cap of $52.30 billion, a P/E ratio of 12.90, a P/E/G ratio of 0.67 and a beta of 0.85. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.95 and a current ratio of 0.95.

Erste Group Bank (OTCMKTS:EBKDY) last issued its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.01. The company had revenue of $4.62 billion during the quarter, compared to the consensus estimate of $4.48 billion. Erste Group Bank had a return on equity of 10.22% and a net margin of 18.39%. Sell-side analysts predict that Erste Group Bank will post 5.93 earnings per share for the current year.

Erste Group Bank Company Profile

Erste Group Bank AG is an Austrian financial services company headquartered in Vienna. Founded in 1819 as Erste österreichische Spar-Casse, the group has developed into one of Central and Eastern Europe’s major banking organizations. Its ordinary shares are listed on the Vienna Stock Exchange, while its American depositary receipts trade over the counter in the United States under the symbol EBKDY.

The company provides retail and commercial banking services, including current and savings accounts, consumer and mortgage lending, payment services, investment products, and insurance-related offerings.