Erste Group Bank AG (OTCMKTS:EBKDY) Receives Average Recommendation of "Buy" from Brokerages

Key Points

• Erste Group Bank has a consensus “Buy” rating from seven analysts: five rate it Buy, one Strong Buy, and one Hold. Recent upgrades and reiterated positive ratings came from Oddo Bhf, Citigroup, Morgan Stanley, and Deutsche Bank.
• The bank exceeded quarterly expectations, reporting $1.44 in EPS versus a $1.43 estimate and revenue of $4.62 billion compared with the $4.48 billion consensus.
• EBKDY opened at $64.24, with a market capitalization of approximately $49.9 billion and a 52-week range of $47.02 to $73.10; analysts expect full-year EPS of about $5.89.

Shares of Erste Group Bank AG (OTCMKTS:EBKDY - Get Free Report) have earned a consensus recommendation of "Buy" from the seven ratings firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company.

A number of equities analysts recently issued reports on EBKDY shares. Oddo Bhf upgraded shares of Erste Group Bank from a "neutral" rating to an "outperform" rating in a research report on Thursday, August 6th. Citigroup restated a "buy" rating on shares of Erste Group Bank in a research report on Wednesday, July 29th. Zacks Research raised shares of Erste Group Bank from a "strong sell" rating to a "hold" rating in a research note on Friday, August 7th. Morgan Stanley reiterated an "overweight" rating on shares of Erste Group Bank in a report on Wednesday, September 2nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Erste Group Bank in a research note on Monday, July 20th.

Erste Group Bank Stock Performance

Shares of EBKDY stock opened at $64.24 on Monday. 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 has a 1 year low of $47.02 and a 1 year high of $73.10. The stock has a fifty day moving average of $69.55 and a two-hundred day moving average of $63.53. The firm has a market capitalization of $49.90 billion, a PE ratio of 12.31, a price-to-earnings-growth ratio of 0.63 and a beta of 0.92.

Erste Group Bank (OTCMKTS:EBKDY - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The financial services provider reported $1.44 EPS for the quarter, beating analysts' consensus estimates of $1.43 by $0.01. Erste Group Bank had a return on equity of 10.22% and a net margin of 18.39%.The company had revenue of $4.62 billion for the quarter, compared to analyst estimates of $4.48 billion. As a group, research analysts expect 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 banking group serving retail customers, small and medium-sized businesses, corporate clients, and institutional customers. Its services include current and savings accounts, consumer and housing loans, mortgages, payment services, investment products, insurance-related offerings, corporate finance, and capital-markets services.

The group has its roots in Erste österreichische Spar-Casse, founded in Vienna in 1819. Through its banking subsidiaries, Erste Group provides financial services across Austria and several Central and Eastern European markets, including the Czech Republic, Slovakia, Romania, Hungary, Croatia, and Serbia.

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