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

Shares of Erste Group Bank AG (OTCMKTS:EBKDY - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the six analysts that are presently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company.

Several research firms recently weighed in on EBKDY. UBS Group downgraded shares of Erste Group Bank from a "strong-buy" rating to a "hold" rating in a report on Tuesday, March 4th. Citigroup downgraded shares of Erste Group Bank from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 10th. Finally, Morgan Stanley restated an "overweight" rating on shares of Erste Group Bank in a research note on Tuesday, May 13th.

Erste Group Bank Price Performance

Erste Group Bank stock traded up $0.21 during midday trading on Monday, reaching $40.10. The company had a trading volume of 23,797 shares, compared to its average volume of 63,736. The company has a market capitalization of $32.92 billion, a P/E ratio of 9.93, a P/E/G ratio of 1.08 and a beta of 1.03. Erste Group Bank has a 12-month low of $22.36 and a 12-month high of $41.44. The firm's fifty day simple moving average is $36.11 and its 200-day simple moving average is $33.12.

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

Erste Group Bank Cuts Dividend

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