Erste Group Bank AG Announces Dividend of $1.17 (OTCMKTS:EBKDY)

Erste Group Bank AG (OTCMKTS:EBKDY - Get Free Report) declared a dividend on Thursday, May 22nd, investing.com reports. Shareholders of record on Wednesday, May 28th will be paid a dividend of 1.1657 per share by the financial services provider on Monday, June 9th. This represents a yield of 2.89%. The ex-dividend date of this dividend is Tuesday, May 27th.

Erste Group Bank Price Performance

EBKDY stock traded down $0.33 during midday trading on Tuesday, reaching $39.89. 26,502 shares of the company's stock traded hands, compared to its average volume of 64,144. The company has a market capitalization of $32.75 billion, a P/E ratio of 9.87, a PEG ratio of 1.08 and a beta of 1.03. Erste Group Bank has a fifty-two week low of $22.36 and a fifty-two week high of $41.44. The business has a 50-day moving average price of $36.11 and a two-hundred day moving average price of $33.12.

Erste Group Bank (OTCMKTS:EBKDY - Get Free Report) last announced 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 business had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.21 billion. Erste Group Bank had a net margin of 15.21% and a return on equity of 10.95%. As a group, research analysts forecast that Erste Group Bank will post 4.05 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on EBKDY. Citigroup cut shares of Erste Group Bank from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 10th. UBS Group cut shares of Erste Group Bank from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Finally, Morgan Stanley reissued an "overweight" rating on shares of Erste Group Bank in a research report on Tuesday, May 13th. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy".

About Erste Group Bank

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.