Erste Group Bank (OTCMKTS:EBKDY) Sets New 12-Month High - What's Next?

Key Points

• Erste Group Bank shares reached a new 52-week high at $50.42, with a closing price of $50.23 and a trading volume of 93,152 shares.
• The bank reported $1.20 earnings per share for the last quarter, surpassing expectations, with revenue of $3.26 billion.
• Despite strong earnings, Erste Group Bank recently cut its dividend, with a payout ratio of 28.89% and a yield of 289.0% on the recent dividend paid.

Erste Group Bank AG (OTCMKTS:EBKDY - Get Free Report)'s share price reached a new 52-week high on Tuesday . The company traded as high as $50.42 and last traded at $50.23, with a volume of 93152 shares traded. The stock had previously closed at $49.98.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Cfra Research raised Erste Group Bank to a "hold" rating in a research report on Tuesday, August 5th. UBS Group raised Erste Group Bank from a "hold" rating to a "strong-buy" rating in a research note on Monday, May 26th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Erste Group Bank in a research note on Monday, August 4th. Finally, Morgan Stanley reissued an "overweight" rating on shares of Erste Group Bank in a research note on Tuesday, August 5th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy".

Erste Group Bank Trading Up 0.5%

The firm has a market capitalization of $41.24 billion, a PE ratio of 12.40, a P/E/G ratio of 0.98 and a beta of 1.14. The business has a 50 day moving average price of $43.52 and a 200-day moving average price of $38.36.

Erste Group Bank (OTCMKTS:EBKDY - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The financial services provider reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.15. Erste Group Bank had a return on equity of 10.42% and a net margin of 16.96%. The firm had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.18 billion. On average, equities research analysts forecast 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 disclosed a dividend, which was paid on Monday, June 9th. Investors of record on Wednesday, May 28th were paid a $1.1657 dividend. This represents a yield of 289.0%. The ex-dividend date of this dividend was Tuesday, May 27th. Erste Group Bank's dividend payout ratio (DPR) is presently 28.89%.

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.

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