Erste Group Bank (OTCMKTS:EBKDY) Share Price Passes 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)'s stock price crossed above its 50-day moving average during trading on Friday . The stock has a 50-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 changing hands.

Analyst Ratings Changes

EBKDY has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Erste Group Bank in a research note on Monday. Morgan Stanley reissued an "overweight" rating on shares of Erste Group Bank in a report on Tuesday. Finally, UBS Group upgraded Erste Group Bank from a "hold" rating to a "strong-buy" rating in a research report on Monday, May 26th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Erste Group Bank currently has an average rating of "Buy".

Erste Group Bank Stock Up 2.2%

The company has a market capitalization of $39.87 billion, a PE ratio of 11.99, a PEG ratio of 0.93 and a beta of 1.14. The company's 50 day moving average is $42.77 and its two-hundred day moving average is $37.83.

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 EPS for the quarter, beating the consensus estimate of $1.05 by $0.15. Erste Group Bank had a net margin of 16.96% and a return on equity of 10.42%. The business had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.18 billion. Analysts forecast that Erste Group Bank AG will post 4.05 EPS for the current year.

Erste Group Bank Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, June 9th. Investors of record on Wednesday, May 28th were paid a dividend of $1.1657 per share. The ex-dividend date of this dividend was Tuesday, May 27th. This represents a yield of 289.0%. Erste Group Bank's dividend payout ratio is presently 28.89%.

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.