Erste Group Bank (OTCMKTS:EBKDY) Posts Earnings Results, Beats Estimates By $0.15 EPS

Key Points

• Erste Group Bank reported quarterly earnings of $1.20 EPS, exceeding estimates by $0.15 and generating revenues of $3.26 billion.
• The bank's dividend payout ratio stands at 30.31%, with a recent dividend yielding 289.0% for shareholders.
• Analysts have a consensus rating of "Buy" for Erste Group Bank, with recent upgrades from UBS Group and Morgan Stanley indicating positive growth outlook.

Erste Group Bank (OTCMKTS:EBKDY - Get Free Report) issued its quarterly earnings data on Friday. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.15, Zacks reports. The business had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.18 billion. Erste Group Bank had a return on equity of 10.31% and a net margin of 16.22%.

Erste Group Bank Stock Performance

Erste Group Bank stock traded down $0.25 during trading on Friday, hitting $45.83. The company's stock had a trading volume of 22,149 shares, compared to its average volume of 46,023. The stock's fifty day moving average is $42.47 and its 200 day moving average is $37.56. Erste Group Bank has a 1-year low of $23.70 and a 1-year high of $46.49. The stock has a market capitalization of $37.63 billion, a price-to-earnings ratio of 11.87, a P/E/G ratio of 0.91 and a beta of 1.14.

Erste Group Bank Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, June 9th. Investors of record on Wednesday, May 28th were paid a $1.1657 dividend. This represents a yield of 289.0%. The ex-dividend date was Tuesday, May 27th. Erste Group Bank's dividend payout ratio is presently 30.31%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. 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. Morgan Stanley reissued an "overweight" rating on shares of Erste Group Bank in a research report on Tuesday, May 13th. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "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.

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