Erste Group Bank (OTCMKTS:EBKDY) Hits New 52-Week High - Should You Buy?

Erste Group Bank AG (OTCMKTS:EBKDY - Get Free Report) shares reached a new 52-week high on Wednesday . The company traded as high as $45.03 and last traded at $44.99, with a volume of 12831 shares. The stock had previously closed at $44.23.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on EBKDY shares. Morgan Stanley reissued an "overweight" rating on shares of Erste Group Bank in a research note on Tuesday, May 13th. UBS Group raised Erste Group Bank from a "hold" rating to a "strong-buy" rating in a report on Monday, May 26th. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy".

Erste Group Bank Trading Down 0.4%

The company has a 50 day simple moving average of $41.84 and a 200 day simple moving average of $36.93. The stock has a market cap of $37.73 billion, a P/E ratio of 11.90, a PEG ratio of 0.90 and a beta of 1.09.

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 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.14). The company 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 16.22% and a return on equity of 10.31%. As a group, sell-side analysts expect that Erste Group Bank AG will post 4.05 earnings per share for the current year.

Erste Group Bank Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, June 9th. Shareholders of record on Wednesday, May 28th were paid a $1.1657 dividend. The ex-dividend date of this dividend was Tuesday, May 27th. This represents a yield of 2.89%. Erste Group Bank's dividend payout ratio is 30.31%.

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.