Erste Group Bank (OTCMKTS:EBKDY) Share Price Crosses Above Fifty Day Moving Average - Should You Sell?

Shares of Erste Group Bank AG (OTCMKTS:EBKDY - Get Free Report) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $41.25 and traded as high as $43.76. Erste Group Bank shares last traded at $43.70, with a volume of 35,091 shares.

Analyst Ratings Changes

EBKDY has been the topic of a number of research reports. Morgan Stanley reiterated an "overweight" rating on shares of Erste Group Bank in a research report on Tuesday, May 13th. UBS Group upgraded shares of Erste Group Bank from a "hold" rating to a "strong-buy" rating in a research report on Monday, May 26th. Two research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Erste Group Bank presently has an average rating of "Buy".

Erste Group Bank Price Performance

The stock has a market cap of $36.02 billion, a P/E ratio of 11.37, a P/E/G ratio of 0.83 and a beta of 1.09. The company's 50 day simple moving average is $41.44 and its 200 day simple moving average is $36.56.

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 for the quarter, missing the consensus estimate of $1.10 by ($0.14). The company had revenue of $3.21 billion during the quarter, compared to analyst estimates of $3.21 billion. Erste Group Bank had a net margin of 16.22% and a return on equity of 10.31%. On average, equities research analysts predict that Erste Group Bank AG will post 4.05 earnings per share for the current year.

Erste Group Bank Cuts Dividend

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