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

Key Points

• Erste Group Bank shares reached a new 52-week high of $71.43, up from the previous close of $69.98, with a market capitalization of approximately $55.16 billion.
• Analyst sentiment is broadly positive: Morgan Stanley maintained an “overweight” rating, several firms reiterated or upgraded the stock, and MarketBeat reports an average rating of “Buy.”
• The bank slightly exceeded quarterly expectations, reporting $1.44 in EPS versus a $1.43 estimate and revenue of $4.62 billion versus $4.48 billion expected. Analysts project full-year EPS of $5.91.

Shares of Erste Group Bank AG (OTCMKTS:EBKDY - Get Free Report) hit a new 52-week high on Friday . The stock traded as high as $71.43 and last traded at $71.43, with a volume of 20549 shares trading hands. The stock had previously closed at $69.98.

Analyst Upgrades and Downgrades

EBKDY has been the subject of a number of recent analyst reports. Morgan Stanley reissued an "overweight" rating on shares of Erste Group Bank in a research report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Erste Group Bank in a report on Monday, July 20th. Citigroup reiterated a "buy" rating on shares of Erste Group Bank in a report on Wednesday, July 29th. Oddo Bhf raised Erste Group Bank from a "neutral" rating to an "outperform" rating in a research note on Thursday, August 6th. Finally, The Goldman Sachs Group upgraded Erste Group Bank to a "strong-buy" rating in a report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Erste Group Bank has an average rating of "Buy".

Erste Group Bank Stock Performance

The firm has a market capitalization of $55.16 billion, a P/E ratio of 13.61, a PEG ratio of 0.68 and a beta of 0.85. The firm has a 50 day simple moving average of $66.90 and a two-hundred day simple moving average of $61.33.

Erste Group Bank (OTCMKTS:EBKDY - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The financial services provider reported $1.44 EPS for the quarter, beating the consensus estimate of $1.43 by $0.01. The firm had revenue of $4.62 billion during the quarter, compared to analyst estimates of $4.48 billion. Erste Group Bank had a net margin of 18.39% and a return on equity of 11.32%. Sell-side analysts anticipate that Erste Group Bank AG will post 5.91 earnings per share for the current year.

Erste Group Bank Company Profile

Erste Group Bank AG is an Austrian banking group headquartered in Vienna that operates as a universal bank serving retail, corporate and institutional customers. The group offers a broad range of financial services including deposit-taking, lending, mortgage financing, payment and transaction banking, and wealth management. Erste Group also provides capital markets services, corporate and investment banking solutions, and a range of insurance and pension-linked products through partnerships and subsidiary operations.

Erste Group maintains a significant regional presence beyond Austria, with operations across several Central and Eastern European countries.

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