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

Key Points

• Erste Group Bank AG has a consensus analyst rating of “Moderate Buy” from eight covering firms, with three holds, three buys, and two strong buys.
• Recent analyst actions were mixed: Deutsche Bank reaffirmed a buy rating, Zacks Research downgraded the stock to hold, and Citigroup upgraded it to strong buy.
• The bank reported Q1 earnings of $1.26 per share, missing estimates, but revenue of $4.60 billion came in above expectations; analysts now forecast 5.8 EPS for the full year.

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

A number of research firms have recently weighed in on EBKDY. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Erste Group Bank in a research note on Friday, April 17th. Zacks Research lowered Erste Group Bank from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 6th. Finally, Citigroup raised Erste Group Bank to a "strong-buy" rating in a research note on Wednesday, February 11th.

Erste Group Bank Stock Performance

EBKDY stock opened at $57.16 on Friday. Erste Group Bank has a 52 week low of $38.61 and a 52 week high of $66.88. The firm's fifty day moving average is $56.83 and its 200 day moving average is $57.40. The firm has a market cap of $44.40 billion, a P/E ratio of 11.48, a P/E/G ratio of 0.58 and a beta of 0.84.

Erste Group Bank (OTCMKTS:EBKDY - Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The financial services provider reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.05). Erste Group Bank had a return on equity of 10.96% and a net margin of 19.27%.The business had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $4.53 billion. As a group, analysts forecast that Erste Group Bank will post 5.8 EPS for the current year.

About Erste Group Bank

Erste Group Bank AG is an Austrian banking group headquartered in Vienna that operates as a universal bank serving retail, corporate and institutional customers. The group offers a broad range of financial services including deposit-taking, lending, mortgage financing, payment and transaction banking, and wealth management. Erste Group also provides capital markets services, corporate and investment banking solutions, and a range of insurance and pension-linked products through partnerships and subsidiary operations.

Erste Group maintains a significant regional presence beyond Austria, with operations across several Central and Eastern European countries.

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