Erste Group Bank (OTCMKTS:EBKDY) Share Price Crosses Above 50 Day Moving Average - Should You Sell?

Shares of Erste Group Bank AG (OTCMKTS:EBKDY - Get Free Report) passed 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 trading hands.

Analyst Upgrades and Downgrades

EBKDY has been the subject of a number of recent analyst reports. UBS Group upgraded shares of Erste Group Bank from a "hold" rating to a "strong-buy" rating in a research note on Monday, May 26th. Morgan Stanley restated an "overweight" rating on shares of Erste Group Bank in a research note 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 given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy".

Erste Group Bank Trading Down 1.0%

The business's 50 day moving average price is $41.35 and its 200-day moving average price is $36.43. The company has a market cap of $36.02 billion, a price-to-earnings ratio of 11.37, a PEG ratio of 0.82 and a beta of 1.09.

Erste Group Bank (OTCMKTS:EBKDY - Get Free Report) last posted its earnings results on Wednesday, April 30th. The financial services provider reported $0.96 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.10 by ($0.14). The company 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 research analysts forecast that Erste Group Bank AG will post 4.05 EPS for the current fiscal 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 given a dividend of $1.1657 per share. This represents a yield of 2.89%. The ex-dividend date was Tuesday, May 27th. Erste Group Bank's dividend payout ratio is 30.31%.

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.