Erste Group Bank AG (OTCMKTS:EBKDY - Get Free Report) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $37.60 and traded as high as $42.27. Erste Group Bank shares last traded at $42.13, with a volume of 79,279 shares trading hands.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on the stock. 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. Citigroup cut Erste Group Bank from a "strong-buy" rating to a "hold" rating in a report on Monday, March 10th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Erste Group Bank in a report on Tuesday, May 13th. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Buy".
Check Out Our Latest Analysis on Erste Group Bank
Erste Group Bank Stock Up 2.4%
The stock's 50-day simple moving average is $38.03 and its two-hundred day simple moving average is $34.53. The company has a market capitalization of $34.30 billion, a price-to-earnings ratio of 10.34, a PEG ratio of 1.08 and a beta of 1.10.
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). Erste Group Bank had a return on equity of 10.95% and a net margin of 15.21%. The company had revenue of $3.21 billion for the quarter, compared to analyst estimates of $3.21 billion. On average, sell-side analysts forecast that Erste Group Bank AG will post 4.05 EPS for the current year.
Erste Group Bank Cuts Dividend
The company also recently announced a dividend, which was paid on Monday, June 9th. Shareholders of record on Wednesday, May 28th were issued a dividend of $1.1657 per share. The ex-dividend date was Tuesday, May 27th. This represents a dividend yield of 2.89%. Erste Group Bank's payout ratio is currently 30.31%.
About Erste Group Bank
(
Get Free Report)
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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