Erste Group Bank (OTCMKTS:EBKDY) Reaches New 1-Year High - Should You Buy?

Erste Group Bank AG (OTCMKTS:EBKDY - Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $43.99 and last traded at $43.99, with a volume of 241 shares. The stock had previously closed at $43.70.

Analysts Set New Price Targets

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

Erste Group Bank Stock Down 1.0%

The business has a 50-day simple moving average of $41.44 and a 200-day simple moving average of $36.61. The company has a market cap of $36.02 billion, a PE ratio of 11.37, a P/E/G ratio of 0.83 and a beta of 1.09.

Erste Group Bank (OTCMKTS:EBKDY - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $3.21 billion for the quarter, compared to analysts' expectations of $3.21 billion. Erste Group Bank had a return on equity of 10.31% and a net margin of 16.22%. On average, research analysts forecast that Erste Group Bank AG will post 4.05 EPS for the current fiscal year.

Erste Group Bank Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, June 9th. Stockholders of record on Wednesday, May 28th were given a $1.1657 dividend. The ex-dividend date was Tuesday, May 27th. This represents a dividend yield of 2.89%. Erste Group Bank's dividend payout ratio (DPR) is presently 30.31%.

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.