Erste Group Bank (OTCMKTS:EBKDY) Shares Cross Above 50-Day Moving Average - Time to Sell?

Key Points

• Erste Group Bank's shares have crossed above the 50-day moving average of $42.47, currently trading at $45.83 with a market cap of $37.63 billion.
• Analysts have provided a generally positive outlook, with Morgan Stanley reaffirming an "overweight" rating and UBS upgrading the stock to a "strong-buy," resulting in an average rating of "Buy."
• The company reported quarterly earnings of $0.96 per share, missing estimates, and recently announced a dividend yield of 289%, showing a dividend payout ratio of 30.31%.

Erste Group Bank AG (OTCMKTS:EBKDY - Get Free Report) shares crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $42.47 and traded as high as $46.16. Erste Group Bank shares last traded at $45.83, with a volume of 22,149 shares.

Analyst Upgrades and Downgrades

Several analysts have issued reports on EBKDY shares. Morgan Stanley reaffirmed an "overweight" rating on shares of Erste Group Bank in a report on Tuesday, May 13th. UBS Group raised Erste Group Bank from a "hold" rating to a "strong-buy" rating in a research note on Monday, May 26th. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Erste Group Bank currently has an average rating of "Buy".

Erste Group Bank Stock Performance

The business has a 50-day moving average of $42.47 and a 200 day moving average of $37.56. The stock has a market cap of $37.63 billion, a PE ratio of 11.87, a PEG ratio of 0.91 and a beta of 1.14.

Erste Group Bank (OTCMKTS:EBKDY - Get Free Report) last released 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). The firm had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.21 billion. Erste Group Bank had a return on equity of 10.31% and a net margin of 16.22%. Equities analysts expect that Erste Group Bank AG will post 4.05 EPS for the current fiscal year.

Erste Group Bank Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, June 9th. Investors of record on Wednesday, May 28th were given a dividend of $1.1657 per share. The ex-dividend date was Tuesday, May 27th. This represents a yield of 289.0%. Erste Group Bank's dividend payout ratio (DPR) is 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.

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