Erste Group Bank AG (EBKDY) - What Are Researchers Thinking About This Stock?

Key Points

• Analyst sentiment is positive: Seven firms give Erste Group Bank an average “Buy” rating, including five buys, one strong buy and one hold. Goldman Sachs upgraded the stock to “strong buy,” while Zacks Research raised its view from “strong sell” to “hold.”
• Latest results slightly beat expectations: The bank reported quarterly earnings of $1.44 per share versus the $1.43 consensus estimate, while revenue reached $4.62 billion compared with expectations of $4.48 billion.
• The stock was trading at $59.78, below its 50-day moving average of $66.73 and its 52-week high of $73.10. Erste Group Bank has a market capitalization of $46.43 billion and a price-to-earnings ratio of 11.45.

Erste Group Bank AG (OTCMKTS:EBKDY - Get Free Report) has been assigned an average recommendation of "Buy" from the seven research firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company.

Several analysts recently commented on the company. Zacks Research upgraded Erste Group Bank from a "strong sell" rating to a "hold" rating in a research report on Friday, August 7th. The Goldman Sachs Group upgraded Erste Group Bank to a "strong-buy" rating in a research report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Erste Group Bank in a research report on Monday, July 20th. Morgan Stanley reissued an "overweight" rating on shares of Erste Group Bank in a research note on Wednesday, September 2nd. Finally, Citigroup reissued a "buy" rating on shares of Erste Group Bank in a report on Wednesday, July 29th.

Erste Group Bank Price Performance

OTCMKTS EBKDY opened at $59.78 on Friday. The company has a 50-day moving average price of $66.73 and a two-hundred day moving average price of $62.75. Erste Group Bank has a 52 week low of $48.91 and a 52 week high of $73.10. The stock has a market cap of $46.43 billion, a price-to-earnings ratio of 11.45, 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.

Erste Group Bank (OTCMKTS:EBKDY - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.44 earnings per share for the quarter, beating analysts' consensus estimates of $1.43 by $0.01. The company had revenue of $4.62 billion for the quarter, compared to analysts' expectations of $4.48 billion. Erste Group Bank had a return on equity of 10.22% and a net margin of 18.39%. Analysts forecast that Erste Group Bank will post 5.89 EPS for the current year.

About Erste Group Bank

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.

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