Erste Group Bank (OTCMKTS:EBKDY) Reaches New 1-Year High - What's Next?

Erste Group Bank AG (OTCMKTS:EBKDY - Get Free Report)'s stock price hit a new 52-week high during trading on Monday . The company traded as high as $42.69 and last traded at $42.27, with a volume of 42654 shares traded. The stock had previously closed at $41.90.

Analysts Set New Price Targets

A number of brokerages have recently commented on EBKDY. Citigroup lowered shares of Erste Group Bank from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 10th. UBS Group upgraded 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 reiterated an "overweight" rating on shares of Erste Group Bank in a research note on Tuesday, May 13th. Two analysts have rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy".

Erste Group Bank Stock Up 0.8%

The stock's 50 day moving average price is $40.15 and its 200-day moving average price is $35.81. The stock has a market capitalization of $34.67 billion, a P/E ratio of 10.94, a P/E/G ratio of 0.79 and a beta of 1.09.

Erste Group Bank (OTCMKTS:EBKDY - Get Free Report) last announced its earnings results on Wednesday, April 30th. The financial services provider reported $0.96 earnings per share for the quarter, missing the consensus estimate of $1.10 by ($0.14). The firm 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%. Analysts anticipate that Erste Group Bank AG will post 4.05 earnings per share for the current year.

Erste Group Bank Cuts Dividend

The company also recently announced 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 was Tuesday, May 27th. This represents a yield of 2.89%. Erste Group Bank's dividend payout ratio (DPR) is 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.