Erste Group Bank AG (OTCMKTS:EBKDY) Short Interest Update

Key Points

• Erste Group Bank AG experienced a significant 91.1% drop in short interest in August, with only 1,500 shares sold short as of August 31st.
• The bank reported $1.20 earnings per share for the last quarter, surpassing analysts' expectations of $1.05 by $0.15, along with revenues of $3.26 billion.
• Analyst ratings for Erste Group Bank include a mix of "Buy," "Strong Buy," and "Hold", reflecting positive sentiment towards the stock's performance.

Erste Group Bank AG (OTCMKTS:EBKDY - Get Free Report) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 1,500 shares, a decline of 91.1% from the August 15th total of 16,800 shares. Based on an average daily trading volume, of 357,300 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company's shares are sold short. Approximately 0.0% of the company's shares are sold short. Based on an average daily trading volume, of 357,300 shares, the short-interest ratio is presently 0.0 days.

Erste Group Bank Trading Down 1.2%

Erste Group Bank stock traded down $0.58 during mid-day trading on Tuesday, hitting $47.98. The company had a trading volume of 47,966 shares, compared to its average volume of 95,447. The stock's 50 day moving average price is $47.40 and its two-hundred day moving average price is $41.13. Erste Group Bank has a 12 month low of $26.15 and a 12 month high of $51.72. The company has a market capitalization of $39.39 billion, a PE ratio of 11.85, a price-to-earnings-growth ratio of 0.86 and a beta of 1.14.

Erste Group Bank (OTCMKTS:EBKDY - Get Free Report) last released its earnings results on Friday, August 1st. The financial services provider reported $1.20 EPS for the quarter, topping the consensus estimate 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 research analysts anticipate that Erste Group Bank will post 4.05 EPS for the current year.

Analysts Set New Price Targets

EBKDY has been the topic of several research analyst reports. Morgan Stanley reissued an "overweight" rating on shares of Erste Group Bank in a research note on Tuesday, September 2nd. Cfra Research raised Erste Group Bank to a "hold" rating in a research note on Tuesday, August 5th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Erste Group Bank in a research note on Monday, August 4th. UBS Group raised Erste Group Bank from a "hold" rating to a "strong-buy" rating in a research note on Monday, May 26th. Finally, Zacks Research upgraded Erste Group Bank to a "hold" rating in a research report on Monday, August 11th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Erste Group Bank currently has an average rating of "Moderate Buy".

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.