Erste Group Bank (OTCMKTS:EBKDY) Hits New 12-Month High - What's Next?

Key Points

• Erste Group Bank reached a new 52-week high at $48.25 during mid-day trading, with a trading volume of 2067 shares.
• Recent analyst ratings have been positive, with UBS upgrading the stock to strong-buy and a consensus rating of Buy among six analysts.
• The bank reported better-than-expected quarterly earnings with $1.20 EPS, surpassing the analysts' consensus estimate of $1.05, alongside revenues of $3.26 billion.

Erste Group Bank AG (OTCMKTS:EBKDY - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $48.25 and last traded at $48.25, with a volume of 2067 shares traded. The stock had previously closed at $47.50.

Wall Street Analyst Weigh In

EBKDY has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Erste Group Bank in a research note on Monday. UBS Group raised shares of Erste Group Bank from a "hold" rating to a "strong-buy" rating in a research note on Monday, May 26th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Erste Group Bank in a report on Tuesday. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Buy".

Erste Group Bank Trading Up 2.4%

The firm has a market cap of $39.93 billion, a P/E ratio of 12.01, a P/E/G ratio of 0.93 and a beta of 1.14. The business's fifty day moving average price is $42.77 and its two-hundred day moving average price is $37.83.

Erste Group Bank (OTCMKTS:EBKDY - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.05 by $0.15. The company had revenue of $3.26 billion during the quarter, compared to analysts' expectations of $3.18 billion. Erste Group Bank had a net margin of 16.96% and a return on equity of 10.42%. Research analysts predict that Erste Group Bank AG will post 4.05 EPS for the current fiscal year.

Erste Group Bank Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, June 9th. Investors of record on Wednesday, May 28th were given a $1.1657 dividend. This represents a dividend yield of 289.0%. The ex-dividend date was Tuesday, May 27th. Erste Group Bank's dividend payout ratio (DPR) is currently 28.89%.

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.

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