Erste Group Bank AG (OTCMKTS:EBKDY) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Erste Group Bank AG has received an average rating of "Moderate Buy" from eight research firms, with recommendations varying from hold to strong buy.
• The bank reported earnings of $1.20 per share for the last quarter, exceeding analysts' expectations by $0.15 and demonstrating a net margin of 16.96%.
• As of Thursday, Erste Group Bank's stock price was $48.97, with a market capitalization of $40.21 billion and a 52-week price range between $26.15 and $51.72.

Erste Group Bank AG (OTCMKTS:EBKDY - Get Free Report) has earned an average rating of "Moderate Buy" from the eight research firms that are covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and two have given a strong buy recommendation to the company.

A number of research firms have weighed in on EBKDY. Zacks Research upgraded Erste Group Bank to a "hold" rating in a research report on Monday, August 11th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Erste Group Bank in a report on Monday, August 4th. Morgan Stanley reiterated an "overweight" rating on shares of Erste Group Bank in a report on Tuesday, September 2nd. Finally, Cfra Research upgraded Erste Group Bank to a "hold" rating in a report on Tuesday, August 5th.

Erste Group Bank Stock Performance

OTCMKTS:EBKDY opened at $48.97 on Thursday. The firm has a market capitalization of $40.21 billion, a price-to-earnings ratio of 12.09, a P/E/G ratio of 0.87 and a beta of 1.14. Erste Group Bank has a 52-week low of $26.15 and a 52-week high of $51.72. The stock has a fifty day moving average of $48.06 and a 200 day moving average of $41.65.

Erste Group Bank (OTCMKTS:EBKDY - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The financial services provider reported $1.20 earnings per share for the quarter, beating analysts' consensus estimates of $1.05 by $0.15. Erste Group Bank had a return on equity of 10.08% and a net margin of 16.96%.The business had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.18 billion. Equities analysts forecast that Erste Group Bank will post 4.05 earnings per share for the current fiscal year.

Erste Group Bank Company Profile

Erste Group Bank AG provides a range of banking and other financial services to retail, corporate, and public sector customers. The company operates through Retail, Corporates, Group Markets, Asset/Liability Management & Local Corporate Center, Savings Banks, and Group Corporate Center segments. It provides mortgage and consumer loans, investment products, current accounts, savings products, and credit cards, as well as cross selling products, such as leasing, insurance, and building society products.

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