Erste Group Bank (OTCMKTS:EBKDY) Sees Unusually-High Trading Volume - Time to Buy?

Erste Group Bank AG (OTCMKTS:EBKDY - Get Free Report) shares saw unusually-strong trading volume on Tuesday . Approximately 109,672 shares changed hands during trading, an increase of 53% from the previous session's volume of 71,610 shares.The stock last traded at $42.02 and had previously closed at $40.57.

Analysts Set New Price Targets

Several research firms have weighed in on EBKDY. Citigroup cut 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 Erste Group Bank from a "hold" rating to a "strong-buy" rating in a research report on Monday, May 26th. Finally, Morgan Stanley reissued an "overweight" rating on shares of Erste Group Bank in a report on Tuesday, May 13th. Two equities research analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy".

Erste Group Bank Trading Up 1.7%

The firm has a market cap of $34.58 billion, a P/E ratio of 10.91, a PEG ratio of 0.79 and a beta of 1.10. The company has a fifty day moving average price of $39.17 and a two-hundred day moving average price of $35.15.

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 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.14). Erste Group Bank had a return on equity of 10.31% and a net margin of 16.22%. The business had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.21 billion. As a group, sell-side analysts expect that Erste Group Bank AG will post 4.05 EPS for the current year.

Erste Group Bank Cuts Dividend

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

Erste Group Bank Company Profile

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.