Erste Group Bank (OTCMKTS:EBKDY) Reaches New 12-Month High - Still a Buy?

Erste Group Bank AG (OTCMKTS:EBKDY - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $42.47 and last traded at $41.78, with a volume of 186334 shares traded. The stock had previously closed at $40.81.

Analysts Set New Price Targets

Several research analysts have commented on the company. UBS Group raised Erste Group Bank from a "hold" rating to a "strong-buy" rating in a report on Monday, May 26th. Citigroup lowered Erste Group Bank from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 10th. Finally, Morgan Stanley reissued an "overweight" rating on shares of Erste Group Bank in a research report on Tuesday, May 13th. Two research analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Buy".

Erste Group Bank Trading Down 0.2%

The firm has a 50-day moving average of $38.36 and a 200 day moving average of $34.62. The company has a market cap of $33.76 billion, a P/E ratio of 10.65, a price-to-earnings-growth ratio of 0.78 and a beta of 1.10.

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 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.14). The business had revenue of $3.21 billion during 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%. On average, equities analysts predict that Erste Group Bank AG will post 4.05 EPS for the current year.

Erste Group Bank Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, June 9th. Investors of record on Wednesday, May 28th were paid a dividend of $1.1657 per share. This represents a yield of 2.89%. The ex-dividend date was Tuesday, May 27th. Erste Group Bank's dividend payout ratio is presently 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.