Erste Group Bank (OTCMKTS:EBKDY) Sets New 12-Month High - Here's Why

Shares of Erste Group Bank AG (OTCMKTS:EBKDY - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $40.46 and last traded at $40.12, with a volume of 27175 shares. The stock had previously closed at $39.18.

Wall Street Analysts Forecast Growth

EBKDY has been the topic of several research reports. Morgan Stanley restated an "overweight" rating on shares of Erste Group Bank in a research note on Tuesday. UBS Group cut shares of Erste Group Bank from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Finally, Citigroup lowered Erste Group Bank from a "strong-buy" rating to a "hold" rating in a report on Monday, March 10th. Four research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Erste Group Bank presently has an average rating of "Moderate Buy".

Erste Group Bank Price Performance

The business's 50-day moving average is $35.45 and its 200 day moving average is $32.37. The firm has a market capitalization of $33.25 billion, a P/E ratio of 10.02, a price-to-earnings-growth ratio of 1.08 and a beta of 1.03.

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). Erste Group Bank had a net margin of 15.21% and a return on equity of 10.95%. The company had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.21 billion. Analysts anticipate that Erste Group Bank AG will post 4.05 EPS for the current fiscal year.

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.