Erste Group Bank AG (OTCMKTS:EBKDY) Receives Consensus Rating of "Moderate Buy" from Brokerages

Shares of Erste Group Bank AG (OTCMKTS:EBKDY - Get Free Report) have been given a consensus rating of "Moderate Buy" by the six ratings firms that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and two have given a strong buy recommendation to the company.

Several research firms have recently commented on EBKDY. Morgan Stanley restated an "overweight" rating on shares of Erste Group Bank in a report on Tuesday, May 13th. UBS Group raised shares of Erste Group Bank from a "hold" rating to a "strong-buy" rating in a research report on Monday. Finally, Citigroup downgraded shares of Erste Group Bank from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 10th.

Erste Group Bank Stock Down 0.2%

EBKDY traded down $0.10 on Monday, reaching $40.00. 29,274 shares of the company traded hands, compared to its average volume of 63,390. Erste Group Bank has a one year low of $22.36 and a one year high of $41.44. The company has a market cap of $32.84 billion, a P/E ratio of 9.90, a price-to-earnings-growth ratio of 1.08 and a beta of 1.03. The firm has a fifty day simple moving average of $36.26 and a two-hundred day simple moving average of $33.21.

Erste Group Bank (OTCMKTS:EBKDY - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.96 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.14). Erste Group Bank had a net margin of 15.21% and a return on equity of 10.95%. The business had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.21 billion. On average, equities analysts forecast that Erste Group Bank will post 4.05 earnings per share for the current year.

Erste Group Bank Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Monday, June 9th. Shareholders of record on Wednesday, May 28th will be given a dividend of $1.1657 per share. This represents a yield of 2.89%. The ex-dividend date of this dividend is Tuesday, May 27th. Erste Group Bank's dividend payout ratio is presently 30.05%.

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.